Ameriprise Financial Inc. boosted its holdings in Oracle Corporation (NYSE:ORCL) by 2.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,662,543 shares of the enterprise software provider’s stock after purchasing an additional 241,565 shares during the period. Ameriprise Financial Inc. owned about 0.26% of Oracle worth $535,501,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in ORCL. Burt Wealth Advisors grew its position 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 acquiring an additional 88 shares during the period. TrimTabs Asset Management LLC grew its position 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 acquiring an additional 1,264 shares during the period. Baystate Wealth Management LLC grew its position 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 acquiring an additional 206 shares during the period. State of Alaska Department of Revenue bought a new position in shares of Oracle in the 2nd quarter valued at about $129,000. Finally, Heritage Trust Co bought a new position in shares of Oracle in the 1st quarter valued at about $130,000. 57.70% of the stock is owned by institutional investors and hedge funds.
ORCL has been the subject of a number of analyst reports. Credit Suisse Group initiated coverage on shares of Oracle in a research report on Tuesday, September 5th. They issued an “outperform” rating and a $62.00 price objective for the company. Zacks Investment Research cut shares of Oracle from a “buy” rating to a “hold” rating in a research note on Monday, August 28th. Vetr cut shares of Oracle from a “buy” rating to a “hold” rating and set a $46.58 target price for the company. in a research note on Sunday, September 3rd. ValuEngine upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, UBS restated a “neutral” rating and set a $55.00 target price (down previously from $57.00) on shares of Oracle in a research note on Thursday, November 9th. Twelve equities research analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $54.77.
Oracle (NYSE:ORCL) last issued its earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 EPS for the quarter, beating the consensus estimate of $0.60 by $0.02. The company had revenue of $9.21 billion during the quarter, compared to analysts’ expectations of $9.03 billion. Oracle had a net margin of 25.34% and a return on equity of 20.55%. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.55 EPS. equities analysts forecast that Oracle Corporation will post 2.68 EPS for the current year.
In related news, Director Hector Garcia-Molina sold 3,750 shares of Oracle stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $50.35, for a total transaction of $188,812.50. Following the sale, the director now directly owns 18,125 shares of the company’s stock, valued at approximately $912,593.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 a total of 305,776 shares of company stock valued at $14,821,999 over the last 90 days. Corporate insiders own 29.00% of the company’s stock.
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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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