Strategic Advisors LLC Raises Holdings in Oracle Corporation (ORCL)

Strategic Advisors LLC raised its stake in Oracle Corporation (NYSE:ORCL) by 0.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,279 shares of the enterprise software provider’s stock after purchasing an additional 4 shares during the period. Strategic Advisors LLC’s holdings in Oracle were worth $566,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ORCL. Burt Wealth Advisors increased its position 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 purchasing an additional 88 shares in the last quarter. Baystate Wealth Management LLC increased its position 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 purchasing an additional 206 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position 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 purchasing an additional 2,300 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Oracle during the 2nd quarter worth about $129,000. Finally, TrimTabs Asset Management LLC increased its position 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 purchasing an additional 1,264 shares in the last quarter. 57.70% of the stock is owned by hedge funds and other institutional investors.

Shares of Oracle Corporation (NYSE ORCL) traded down $0.07 during mid-day trading on Tuesday, reaching $48.33. 8,136,373 shares of the company’s stock traded hands, compared to its average volume of 13,241,463. The company has a quick ratio of 3.61, a current ratio of 3.63 and a debt-to-equity ratio of 0.86. The firm has a market cap of $207,046.64, a P/E ratio of 19.45, a P/E/G ratio of 1.89 and a beta of 1.05. Oracle Corporation has a 52-week low of $38.30 and a 52-week high of $53.14.

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 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 the consensus estimate of $9.03 billion. During the same period last year, the company posted $0.55 EPS. The business’s quarterly revenue was up 7.0% on a year-over-year basis. sell-side analysts forecast that Oracle Corporation will post 2.68 earnings per share for the current year.

In other news, EVP Dorian Daley sold 76,703 shares of Oracle stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $49.00, for a total value of $3,758,447.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jeffrey Berg sold 45,000 shares of Oracle stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $48.03, for a total transaction of $2,161,350.00. The disclosure for this sale can be found here. Insiders sold 305,776 shares of company stock worth $14,821,999 over the last quarter. 29.00% of the stock is owned by corporate insiders.

A number of brokerages recently issued reports on ORCL. Drexel Hamilton reiterated a “buy” rating and set a $62.00 target price on shares of Oracle in a research report on Tuesday, November 21st. Vetr cut shares of Oracle from a “strong-buy” rating to a “buy” rating and set a $51.82 target price for the company. in a research report on Monday, November 20th. Zacks Investment Research raised shares of Oracle from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a report on Wednesday, November 15th. UBS reissued a “neutral” rating and set a $55.00 price objective (down previously from $57.00) on shares of Oracle in a report on Thursday, November 9th. Finally, BidaskClub lowered shares of Oracle from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 4th. Eleven analysts have rated the stock with a hold rating and thirty-three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $54.85.

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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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