Ativo Capital Management LLC lessened its position in shares of Oracle Co. (NYSE:ORCL) by 6.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 46,105 shares of the enterprise software provider’s stock after selling 3,340 shares during the period. Ativo Capital Management LLC’s holdings in Oracle were worth $2,377,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Truvestments Capital LLC acquired a new position in shares of Oracle in the 3rd quarter valued at $107,000. WESPAC Advisors SoCal LLC acquired a new position in shares of Oracle in the 3rd quarter valued at $119,000. ELM Advisors LLC acquired a new position in shares of Oracle in the 3rd quarter valued at $122,000. Kiley Juergens Wealth Management LLC boosted its holdings in shares of Oracle by 70.9% in the 3rd quarter. Kiley Juergens Wealth Management LLC now owns 2,747 shares of the enterprise software provider’s stock valued at $141,000 after buying an additional 1,140 shares in the last quarter. Finally, Palo Capital Inc. acquired a new position in shares of Oracle in the 3rd quarter valued at $141,000. Institutional investors own 50.95% of the company’s stock.
Shares of NYSE:ORCL opened at $48.76 on Monday. The firm has a market cap of $201.85 billion, a P/E ratio of 17.29, a price-to-earnings-growth ratio of 1.64 and a beta of 1.12. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 1.41. Oracle Co. has a 1-year low of $42.57 and a 1-year high of $53.48.
Oracle declared that its Board of Directors has initiated a share buyback plan on Monday, September 17th that authorizes the company to repurchase $12.00 billion in shares. This repurchase authorization authorizes the enterprise software provider to reacquire up to 5.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.
Several research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Oracle from a “hold” rating to a “sell” rating in a report on Wednesday, November 28th. MED lowered their target price on shares of Oracle from $56.00 to $55.00 and set an “overweight” rating for the company in a report on Wednesday, October 10th. They noted that the move was a valuation call. Credit Suisse Group restated a “buy” rating and issued a $60.00 target price on shares of Oracle in a report on Wednesday, October 24th. UBS Group upped their target price on shares of Oracle from $48.00 to $51.00 and gave the company a “positive” rating in a report on Thursday, August 9th. Finally, Needham & Company LLC started coverage on shares of Oracle in a report on Monday, October 22nd. They issued a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and fifteen have issued a buy rating to the company. Oracle currently has a consensus rating of “Hold” and an average target price of $53.71.
In other news, EVP Dorian Daley sold 131,696 shares of the stock in a transaction dated Monday, September 24th. The shares were sold at an average price of $50.93, for a total value of $6,707,277.28. Following the completion of the transaction, the executive vice president now owns 109,615 shares in the company, valued at approximately $5,582,691.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $49.42, for a total transaction of $185,325.00. Following the completion of the transaction, the director now owns 27,969 shares of the company’s stock, valued at approximately $1,382,227.98. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 142,946 shares of company stock valued at $7,257,365. 32.00% of the stock is owned by insiders.
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Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company 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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