Stephens Inc. AR Buys 16,954 Shares of Oracle Corporation (ORCL)

Stephens Inc. AR boosted its stake in shares of Oracle Corporation (NYSE:ORCL) by 12.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 151,076 shares of the enterprise software provider’s stock after acquiring an additional 16,954 shares during the period. Stephens Inc. AR’s holdings in Oracle were worth $7,575,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Burt Wealth Advisors increased its stake in shares of Oracle by 4.3% in the 2nd quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock valued at $107,000 after purchasing an additional 88 shares during the last quarter. Baystate Wealth Management LLC increased its stake in shares of Oracle by 9.2% in the 2nd quarter. Baystate Wealth Management LLC now owns 2,439 shares of the enterprise software provider’s stock valued at $123,000 after purchasing an additional 206 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in shares of Oracle by 1,150.0% in the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,500 shares of the enterprise software provider’s stock valued at $112,000 after purchasing an additional 2,300 shares during the last quarter. State of Alaska Department of Revenue bought a new position in shares of Oracle in the 2nd quarter valued at $129,000. Finally, TrimTabs Asset Management LLC increased its stake in shares of Oracle by 88.8% in the 1st quarter. TrimTabs Asset Management LLC now owns 2,687 shares of the enterprise software provider’s stock valued at $120,000 after purchasing an additional 1,264 shares during the last quarter. Hedge funds and other institutional investors own 57.69% of the company’s stock.

Several equities analysts have recently issued reports on the company. BidaskClub lowered Oracle from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Drexel Hamilton reiterated a “buy” rating and issued a $62.00 price target on shares of Oracle in a research note on Monday, October 2nd. Zacks Investment Research lowered Oracle from a “buy” rating to a “hold” rating in a research note on Thursday, August 17th. BTIG Research reiterated a “buy” rating and issued a $58.00 price target on shares of Oracle in a research note on Tuesday, September 19th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $53.00 price target (up previously from $52.00) on shares of Oracle in a research note on Saturday, September 16th. Eleven analysts have rated the stock with a hold rating and thirty-three have assigned a buy rating to the company. Oracle presently has a consensus rating of “Buy” and a consensus target price of $54.85.

In other Oracle news, EVP Dorian Daley sold 25,776 shares of Oracle stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $48.05, for a total transaction of $1,238,536.80. Following the transaction, the executive vice president now directly owns 30,977 shares of the company’s stock, valued at approximately $1,488,444.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jeffrey Berg sold 45,000 shares of Oracle stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $48.03, for a total value of $2,161,350.00. The disclosure for this sale can be found here. Insiders have sold a total of 305,776 shares of company stock worth $14,821,999 over the last ninety days. Company insiders own 29.00% of the company’s stock.

Oracle Corporation (NYSE:ORCL) opened at $49.61 on Friday. The company has a market capitalization of $207,046.64, a PE ratio of 19.45, a price-to-earnings-growth ratio of 1.89 and a beta of 1.05. Oracle Corporation has a twelve month low of $37.64 and a twelve month high of $53.14. The company has a current ratio of 3.63, a quick ratio of 3.61 and a debt-to-equity ratio of 0.86.

Oracle (NYSE:ORCL) last announced its earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.02. The firm had revenue of $9.21 billion for the quarter, compared to the consensus estimate of $9.03 billion. Oracle had a return on equity of 20.55% and a net margin of 25.34%. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.55 EPS. equities analysts anticipate that Oracle Corporation will post 2.68 earnings per share for the current fiscal year.

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About Oracle

Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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