Cobblestone Capital Advisors LLC NY lessened its position in shares of Oracle Co. (NYSE:ORCL) by 22.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,474 shares of the enterprise software provider’s stock after selling 5,784 shares during the quarter. Cobblestone Capital Advisors LLC NY’s holdings in Oracle were worth $1,260,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Wellington Shields & Co. LLC acquired a new stake in Oracle in the 4th quarter valued at $211,000. Cable Hill Partners LLC boosted its stake in Oracle by 1.2% in the 4th quarter. Cable Hill Partners LLC now owns 14,839 shares of the enterprise software provider’s stock valued at $960,000 after buying an additional 175 shares in the last quarter. Summit Asset Management LLC acquired a new stake in Oracle in the 4th quarter valued at $265,000. Swedbank acquired a new stake in Oracle in the 4th quarter valued at $108,960,000. Finally, CI Investments Inc. boosted its stake in Oracle by 14.6% in the 4th quarter. CI Investments Inc. now owns 243,703 shares of the enterprise software provider’s stock valued at $15,765,000 after buying an additional 31,109 shares in the last quarter. 47.54% of the stock is currently owned by institutional investors.
In related news, CAO W Corey West sold 200,000 shares of the company’s stock in a transaction dated Friday, December 18th. The stock was sold at an average price of $65.00, for a total value of $13,000,000.00. Following the completion of the sale, the chief accounting officer now owns 309,647 shares in the company, valued at $20,127,055. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Dorian Daley sold 100,000 shares of the company’s stock in a transaction dated Tuesday, December 15th. The shares were sold at an average price of $61.63, for a total value of $6,163,000.00. Following the completion of the sale, the executive vice president now owns 100,000 shares of the company’s stock, valued at approximately $6,163,000. The disclosure for this sale can be found here. Insiders sold 325,000 shares of company stock valued at $20,685,750 in the last quarter. 39.10% of the stock is currently owned by corporate insiders.
Shares of ORCL stock traded up $0.09 on Tuesday, reaching $64.54. 421,238 shares of the stock were exchanged, compared to its average volume of 9,160,695. The stock has a market cap of $190.01 billion, a PE ratio of 19.53, a P/E/G ratio of 1.79 and a beta of 0.76. Oracle Co. has a one year low of $39.71 and a one year high of $66.20. The company has a debt-to-equity ratio of 7.37, a current ratio of 2.17 and a quick ratio of 2.17. The stock has a 50 day moving average price of $62.19 and a 200 day moving average price of $59.64.
Oracle (NYSE:ORCL) last released its quarterly earnings data on Wednesday, December 9th. The enterprise software provider reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.06. The business had revenue of $9.80 billion during the quarter, compared to the consensus estimate of $9.78 billion. Oracle had a return on equity of 101.26% and a net margin of 26.34%. The firm’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.90 earnings per share. On average, research analysts expect that Oracle Co. will post 3.86 earnings per share for the current fiscal year.
ORCL has been the topic of several recent analyst reports. Monness Crespi & Hardt raised Oracle from a “neutral” rating to a “buy” rating and set a $82.00 price target on the stock in a research note on Friday, December 18th. KeyCorp started coverage on Oracle in a research report on Monday, November 23rd. They issued an “overweight” rating and a $65.00 price objective for the company. Royal Bank of Canada lifted their price objective on Oracle from $68.00 to $71.00 and gave the company an “outperform” rating in a research report on Friday, December 11th. Bank of America started coverage on Oracle in a research report on Wednesday, December 16th. They issued a “neutral” rating and a $68.00 price objective for the company. Finally, The Goldman Sachs Group started coverage on Oracle in a research report on Thursday, January 21st. They issued a “sell” rating and a $60.00 price objective for the company. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $64.16.
Oracle Corporation provides products and services that address enterprise information technology environments worldwide. The company's cloud and license business engages in the sale, marketing, and delivery of its applications and infrastructure technologies through cloud and on-premise deployment models, including cloud services and license support; and cloud license and on-premise license.
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