Raymond James Trust N.A. Increases Stake in Oracle Corporation (ORCL)

Raymond James Trust N.A. lifted its holdings in Oracle Corporation (NYSE:ORCL) by 1.8% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 98,008 shares of the enterprise software provider’s stock after purchasing an additional 1,776 shares during the period. Raymond James Trust N.A.’s holdings in Oracle were worth $4,915,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Burt Wealth Advisors raised its stake in shares of Oracle by 4.3% during the 2nd quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock worth $107,000 after acquiring an additional 88 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its stake in shares of Oracle by 1,150.0% during the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,500 shares of the enterprise software provider’s stock worth $112,000 after acquiring an additional 2,300 shares in the last quarter. TrimTabs Asset Management LLC raised its stake in shares of Oracle by 88.8% during the 1st quarter. TrimTabs Asset Management LLC now owns 2,687 shares of the enterprise software provider’s stock worth $120,000 after acquiring an additional 1,264 shares in the last quarter. Baystate Wealth Management LLC raised its stake in shares of Oracle by 9.2% during the 2nd quarter. Baystate Wealth Management LLC now owns 2,439 shares of the enterprise software provider’s stock worth $123,000 after acquiring an additional 206 shares in the last quarter. Finally, State of Alaska Department of Revenue bought a new position in shares of Oracle during the 2nd quarter worth approximately $129,000. 57.70% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $48.83, for a total transaction of $183,112.50. Following the sale, the director now directly owns 18,125 shares of the company’s stock, valued at $885,043.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Dorian Daley sold 25,776 shares of the stock in a transaction on 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 sale, the executive vice president now directly owns 30,977 shares in the company, valued at $1,488,444.85. The disclosure for this sale can be found here. Insiders have sold 305,776 shares of company stock worth $14,821,999 over the last three months. 29.00% of the stock is currently owned by insiders.

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

Oracle Corporation (ORCL) traded up $0.55 during trading hours on Monday, hitting $49.61. 15,899,400 shares of the stock were exchanged, compared to its average volume of 13,240,427. The firm has a market capitalization of $207,046.64, a price-to-earnings ratio of 19.45, a P/E/G ratio of 1.89 and a beta of 1.05. Oracle Corporation has a 1 year low of $37.64 and a 1 year high of $53.14. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.63 and a quick ratio of 3.61.

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

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Oracle Company Profile

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.

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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