Huntington Steele LLC decreased its position in shares of Oracle Corporation (NYSE:ORCL) by 1.4% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 42,250 shares of the enterprise software provider’s stock after selling 604 shares during the period. Oracle Corporation makes up about 0.6% of Huntington Steele LLC’s holdings, making the stock its 26th largest position. Huntington Steele LLC’s holdings in Oracle Corporation were worth $1,885,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in ORCL. Oakbrook Investments LLC boosted its stake in shares of Oracle Corporation by 10.3% in the first quarter. Oakbrook Investments LLC now owns 42,855 shares of the enterprise software provider’s stock worth $1,912,000 after buying an additional 4,000 shares during the last quarter. Wendell David Associates Inc. acquired a new stake in shares of Oracle Corporation during the first quarter worth approximately $216,000. Sabal Trust CO acquired a new stake in shares of Oracle Corporation during the first quarter worth approximately $213,000. Boys Arnold & Co. Inc. boosted its stake in shares of Oracle Corporation by 12.6% in the first quarter. Boys Arnold & Co. Inc. now owns 52,352 shares of the enterprise software provider’s stock worth $2,335,000 after buying an additional 5,850 shares during the last quarter. Finally, Bollard Group LLC boosted its stake in shares of Oracle Corporation by 0.4% in the first quarter. Bollard Group LLC now owns 22,675 shares of the enterprise software provider’s stock worth $1,012,000 after buying an additional 84 shares during the last quarter. Institutional investors own 58.69% of the company’s stock.
Shares of Oracle Corporation (NYSE ORCL) opened at 45.09 on Friday. The firm’s 50-day moving average is $45.14 and its 200-day moving average is $42.53. Oracle Corporation has a 1-year low of $37.62 and a 1-year high of $46.99. The company has a market capitalization of $185.53 billion, a price-to-earnings ratio of 21.33 and a beta of 1.13.
Oracle Corporation (NYSE:ORCL) last released its quarterly earnings results on Wednesday, March 15th. The enterprise software provider reported $0.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.07. The business had revenue of $9.27 billion during the quarter, compared to analyst estimates of $9.25 billion. Oracle Corporation had a net margin of 23.82% and a return on equity of 21.03%. The company’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.64 earnings per share. Analysts forecast that Oracle Corporation will post $2.64 earnings per share for the current fiscal year.
A number of brokerages recently commented on ORCL. Zacks Investment Research upgraded shares of Oracle Corporation from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research note on Thursday. BidaskClub cut shares of Oracle Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday. Sanford C. Bernstein reiterated an “outperform” rating and issued a $54.00 target price on shares of Oracle Corporation in a research note on Tuesday. Wedbush lowered their target price on shares of Oracle Corporation from $44.00 to $43.00 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, Goldman Sachs Group, Inc. (The) set a $49.00 target price on shares of Oracle Corporation and gave the stock a “buy” rating in a research note on Monday, June 12th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-six have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $46.45.
In other Oracle Corporation news, EVP Dorian Daley sold 100,000 shares of the stock in a transaction dated Wednesday, March 22nd. The shares were sold at an average price of $44.84, for a total transaction of $4,484,000.00. Following the completion of the sale, the executive vice president now directly owns 130,977 shares of the company’s stock, valued at $5,873,008.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Safra Catz sold 3,000,000 shares of the stock in a transaction dated Tuesday, March 21st. The shares were sold at an average price of $44.99, for a total transaction of $134,970,000.00. Following the sale, the chief executive officer now directly owns 3,461,860 shares of the company’s stock, valued at $155,749,081.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,699,341 shares of company stock valued at $256,328,074. Insiders own 29.00% of the company’s stock.
Oracle Corporation 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.
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