FIL Ltd Sells 177,771 Shares of Oracle Co. (ORCL)

FIL Ltd reduced its holdings in shares of Oracle Co. (NYSE:ORCL) by 0.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,140,144 shares of the enterprise software provider’s stock after selling 177,771 shares during the period. Oracle comprises about 2.8% of FIL Ltd’s investment portfolio, making the stock its 2nd biggest position. FIL Ltd’s holdings in Oracle were worth $1,012,911,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Wealthcare Advisory Partners LLC lifted its holdings in Oracle by 81,200.0% during the 3rd quarter. Wealthcare Advisory Partners LLC now owns 2,439 shares of the enterprise software provider’s stock valued at $118,000 after purchasing an additional 2,436 shares during the last quarter. Fieldpoint Private Securities LLC lifted its holdings in Oracle by 87.8% during the 3rd quarter. Fieldpoint Private Securities LLC now owns 7,734 shares of the enterprise software provider’s stock valued at $374,000 after purchasing an additional 3,616 shares during the last quarter. Independent Advisor Alliance lifted its holdings in Oracle by 45.4% during the 3rd quarter. Independent Advisor Alliance now owns 29,116 shares of the enterprise software provider’s stock valued at $1,408,000 after purchasing an additional 9,098 shares during the last quarter. Yellowstone Partners LLC bought a new position in Oracle during the 3rd quarter valued at about $216,000. Finally, IFM Investors Pty Ltd lifted its holdings in Oracle by 2.8% during the 3rd quarter. IFM Investors Pty Ltd now owns 86,303 shares of the enterprise software provider’s stock valued at $4,173,000 after purchasing an additional 2,358 shares during the last quarter. Institutional investors and hedge funds own 56.34% of the company’s stock.

Several equities analysts recently issued reports on ORCL shares. Vetr downgraded shares of Oracle from a “buy” rating to a “hold” rating and set a $51.30 price target for the company. in a report on Thursday, February 15th. Credit Suisse Group reissued a “buy” rating and set a $62.00 price target on shares of Oracle in a report on Sunday, February 18th. Cleveland Research downgraded shares of Oracle from a “buy” rating to a “neutral” rating in a report on Tuesday, February 20th. OTR Global downgraded shares of Oracle to a “positive” rating in a report on Friday, March 9th. Finally, Barclays lifted their price target on shares of Oracle from $56.00 to $60.00 and gave the company an “overweight” rating in a report on Monday, March 12th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and twenty-three have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $56.24.

In related news, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $52.19, for a total transaction of $195,712.50. Following the completion of the transaction, the director now owns 18,125 shares in the company, valued at $945,943.75. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Edward Screven sold 500,000 shares of the business’s stock in a transaction that occurred on Thursday, May 10th. The shares were sold at an average price of $46.89, for a total transaction of $23,445,000.00. Following the transaction, the insider now owns 2,644,595 shares of the company’s stock, valued at approximately $124,005,059.55. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,557,015 shares of company stock valued at $117,480,315. Corporate insiders own 29.00% of the company’s stock.

Shares of NYSE ORCL opened at $48.45 on Wednesday. The company has a market cap of $199.49 billion, a P/E ratio of 19.46, a PEG ratio of 1.63 and a beta of 1.15. The company has a quick ratio of 4.30, a current ratio of 4.33 and a debt-to-equity ratio of 1.16. Oracle Co. has a 52-week low of $44.04 and a 52-week high of $53.48.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, March 19th. The enterprise software provider reported $0.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.11. The firm had revenue of $9.78 billion during the quarter, compared to analysts’ expectations of $9.77 billion. Oracle had a net margin of 9.25% and a return on equity of 21.77%. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.69 earnings per share. equities research analysts predict that Oracle Co. will post 2.78 earnings per share for the current year.

About Oracle

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure technologies for information technology (IT) environments worldwide. It provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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