Picton Mahoney Asset Management Purchases Shares of 165,800 Oracle Corporation (ORCL)

Picton Mahoney Asset Management acquired a new position in Oracle Corporation (NYSE:ORCL) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 165,800 shares of the enterprise software provider’s stock, valued at approximately $8,313,000.

A number of other hedge funds have also bought and sold shares of ORCL. Acrospire Investment Management LLC boosted its position in Oracle by 947.4% in the second quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock worth $100,000 after purchasing an additional 1,800 shares during the last quarter. Burt Wealth Advisors lifted its position in shares of Oracle by 4.3% during the 2nd quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock valued at $107,000 after buying an additional 88 shares during the last quarter. TrimTabs Asset Management LLC lifted its position in shares of Oracle by 88.8% during the 1st quarter. TrimTabs Asset Management LLC now owns 2,687 shares of the enterprise software provider’s stock valued at $120,000 after buying an additional 1,264 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in shares of Oracle during the 2nd quarter valued at $129,000. Finally, Heritage Trust Co purchased a new position in shares of Oracle during the 1st quarter valued at $130,000. 57.70% of the stock is currently owned by institutional investors and hedge funds.

Shares of Oracle Corporation (NYSE ORCL) traded up $0.67 during midday trading on Monday, reaching $50.27. The company’s stock had a trading volume of 3,974,260 shares, compared to its average volume of 13,267,127. The company has a market cap of $207,004.89, a price-to-earnings ratio of 19.45, a P/E/G ratio of 1.89 and a beta of 1.05. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.63 and a quick ratio of 3.61. Oracle Corporation has a fifty-two week low of $38.30 and a fifty-two week high of $53.14.

Oracle (NYSE:ORCL) last announced its earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. The business had revenue of $9.21 billion for the quarter, compared to analyst estimates of $9.03 billion. Oracle had a return on equity of 20.55% and a net margin of 25.34%. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.55 EPS. sell-side analysts expect that Oracle Corporation will post 2.68 EPS for the current fiscal year.

A number of research analysts have recently commented on ORCL shares. Drexel Hamilton reaffirmed a “buy” rating and set a $62.00 price target on shares of Oracle in a research report on Thursday, September 14th. BidaskClub raised Oracle from a “hold” rating to a “buy” rating in a research report on Tuesday, September 12th. Rosenblatt Securities reaffirmed a “buy” rating and set a $58.00 price target on shares of Oracle in a research report on Monday, September 11th. Moffett Nathanson started coverage on Oracle in a research report on Wednesday, September 6th. They set a “buy” rating and a $65.00 price target on the stock. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $53.00 price target on shares of Oracle in a research report on Sunday, August 27th. Twelve investment analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the stock. Oracle currently has a consensus rating of “Buy” and an average target price of $55.04.

In other Oracle news, Director Jeffrey Berg sold 45,000 shares of the company’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $48.03, for a total value of $2,161,350.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Dorian Daley sold 25,776 shares of the company’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $48.05, for a total value of $1,238,536.80. Following the completion of the transaction, the executive vice president now owns 30,977 shares in the company, valued at $1,488,444.85. The disclosure for this sale can be found here. Insiders sold a total of 305,776 shares of company stock worth $14,821,999 over the last 90 days. Corporate insiders own 29.00% of the company’s stock.

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Oracle 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.

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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