WEALTHFRONT Corp Raises Position in Oracle Co. (ORCL)

WEALTHFRONT Corp boosted its position in shares of Oracle Co. (NYSE:ORCL) by 14.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 74,068 shares of the enterprise software provider’s stock after acquiring an additional 9,537 shares during the period. WEALTHFRONT Corp’s holdings in Oracle were worth $3,819,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Godshalk Welsh Capital Management Inc. grew its stake in shares of Oracle by 6.1% in the 3rd quarter. Godshalk Welsh Capital Management Inc. now owns 31,400 shares of the enterprise software provider’s stock valued at $1,619,000 after purchasing an additional 1,800 shares during the period. Charles Schwab Investment Advisory Inc. acquired a new position in shares of Oracle in the 2nd quarter worth approximately $218,896,000. Thompson Siegel & Walmsley LLC boosted its holdings in shares of Oracle by 2.1% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 304,726 shares of the enterprise software provider’s stock worth $13,426,000 after acquiring an additional 6,366 shares in the last quarter. Trexquant Investment LP boosted its holdings in shares of Oracle by 1,874.8% in the 3rd quarter. Trexquant Investment LP now owns 100,219 shares of the enterprise software provider’s stock worth $5,167,000 after acquiring an additional 95,144 shares in the last quarter. Finally, Sterling Capital Management LLC boosted its holdings in shares of Oracle by 76.8% in the 2nd quarter. Sterling Capital Management LLC now owns 482,931 shares of the enterprise software provider’s stock worth $21,278,000 after acquiring an additional 209,853 shares in the last quarter. Hedge funds and other institutional investors own 50.97% of the company’s stock.

Several brokerages have recently commented on ORCL. Zacks Investment Research raised Oracle from a “sell” rating to a “hold” rating in a report on Wednesday. Rosenblatt Securities reissued a “hold” rating and issued a $51.00 target price on shares of Oracle in a report on Tuesday, October 30th. Nomura reduced their target price on Oracle from $58.00 to $53.00 and set a “buy” rating on the stock in a report on Friday, October 26th. KeyCorp reissued a “hold” rating on shares of Oracle in a report on Friday, October 26th. Finally, Credit Suisse Group reissued a “buy” rating and issued a $60.00 target price on shares of Oracle in a report on Wednesday, October 24th. Seventeen research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $53.71.

In other Oracle news, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction on 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 sale, the director now owns 27,969 shares in the company, valued at approximately $1,382,227.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Dorian Daley sold 131,696 shares of the company’s stock in a transaction on Monday, September 24th. The shares were sold at an average price of $50.93, for a total transaction of $6,707,277.28. Following the sale, the executive vice president now owns 109,615 shares of the company’s stock, valued at approximately $5,582,691.95. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 142,946 shares of company stock worth $7,257,365. Company insiders own 32.00% of the company’s stock.

NYSE:ORCL opened at $46.00 on Friday. Oracle Co. has a 52-week low of $42.57 and a 52-week high of $53.48. The company has a debt-to-equity ratio of 1.41, a quick ratio of 3.43 and a current ratio of 3.43. The firm has a market cap of $193.24 billion, a price-to-earnings ratio of 16.31, a PEG ratio of 1.57 and a beta of 1.11.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, September 17th. The enterprise software provider reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.03. Oracle had a return on equity of 25.60% and a net margin of 9.74%. The firm had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.26 billion. During the same quarter in the prior year, the business earned $0.62 EPS. The business’s revenue for the quarter was up .8% compared to the same quarter last year. On average, analysts expect that Oracle Co. will post 3.06 earnings per share for the current year.

Oracle announced that its Board of Directors has approved a stock repurchase plan on Monday, September 17th that allows the company to buyback $12.00 billion in shares. This buyback authorization allows the enterprise software provider to reacquire up to 5.9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

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Oracle Profile

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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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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