Zurcher Kantonalbank Zurich Cantonalbank Has $71.68 Million Stake in Oracle Co. (NYSE:ORCL)

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Oracle Co. (NYSE:ORCL) by 2.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 430,143 shares of the enterprise software provider’s stock after purchasing an additional 11,881 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Oracle were worth $71,679,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Fairscale Capital LLC grew its holdings in shares of Oracle by 16.8% during the fourth quarter. Fairscale Capital LLC now owns 847 shares of the enterprise software provider’s stock worth $141,000 after purchasing an additional 122 shares during the last quarter. Sowell Financial Services LLC grew its holdings in shares of Oracle by 0.9% during the fourth quarter. Sowell Financial Services LLC now owns 25,778 shares of the enterprise software provider’s stock worth $4,296,000 after purchasing an additional 224 shares during the last quarter. Retirement Solution LLC bought a new stake in Oracle in the fourth quarter valued at approximately $304,000. Argentarii LLC bought a new stake in Oracle in the fourth quarter valued at approximately $588,000. Finally, Tilson Financial Group Inc. boosted its holdings in Oracle by 12.3% in the fourth quarter. Tilson Financial Group Inc. now owns 3,435 shares of the enterprise software provider’s stock valued at $572,000 after acquiring an additional 375 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Safra Catz sold 345,174 shares of the firm’s stock in a transaction on Friday, January 24th. The stock was sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $207,565,931.52. This trade represents a 23.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 42.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on ORCL shares. Mizuho upped their target price on Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. JMP Securities reiterated a “market outperform” rating and issued a $205.00 target price on shares of Oracle in a report on Wednesday, January 22nd. UBS Group upped their target price on Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. DA Davidson upped their target price on Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Finally, Monness Crespi & Hardt upgraded Oracle from a “sell” rating to a “neutral” rating in a report on Monday, March 3rd. Twelve equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $182.73.

Oracle Trading Up 3.3 %

NYSE ORCL opened at $155.89 on Monday. The firm has a market capitalization of $436.01 billion, a P/E ratio of 38.11, a PEG ratio of 3.46 and a beta of 1.07. The business has a fifty day simple moving average of $167.63 and a 200 day simple moving average of $169.51. Oracle Co. has a 12 month low of $111.18 and a 12 month high of $198.31. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The company had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.34 earnings per share. On average, analysts predict that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Company Profile

Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.