Addison Capital Co reduced its stake in shares of Oracle Corp. (NYSE:ORCL) by 0.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,308 shares of the enterprise software provider’s stock after selling 463 shares during the period. Oracle Corp. accounts for 1.9% of Addison Capital Co’s holdings, making the stock its 18th largest position. Addison Capital Co’s holdings in Oracle Corp. were worth $2,133,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Camarda Financial Advisors LLC raised its stake in shares of Oracle Corp. by 9.6% in the second quarter. Camarda Financial Advisors LLC now owns 2,443 shares of the enterprise software provider’s stock valued at $100,000 after buying an additional 215 shares in the last quarter. Cribstone Capital Management LLC purchased a new stake in shares of Oracle Corp. during the second quarter valued at $102,000. WESPAC Advisors SoCal LLC raised its stake in shares of Oracle Corp. by 20.8% in the second quarter. WESPAC Advisors SoCal LLC now owns 2,900 shares of the enterprise software provider’s stock valued at $119,000 after buying an additional 500 shares in the last quarter. FCM Investments TX raised its stake in shares of Oracle Corp. by 20.0% in the second quarter. FCM Investments TX now owns 3,000 shares of the enterprise software provider’s stock valued at $123,000 after buying an additional 500 shares in the last quarter. Finally, Proficio Capital Partners LLC raised its stake in shares of Oracle Corp. by 46.9% in the second quarter. Proficio Capital Partners LLC now owns 3,016 shares of the enterprise software provider’s stock valued at $124,000 after buying an additional 963 shares in the last quarter. 56.94% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Oracle Corp. (NYSE:ORCL)

Oracle Corp. (NYSE:ORCL) traded up 0.07% during midday trading on Monday, reaching $40.30. 12,118,281 shares of the company’s stock traded hands. The firm has a market cap of $165.45 billion, a price-to-earnings ratio of 19.14 and a beta of 1.19. Oracle Corp. has a 1-year low of $33.13 and a 1-year high of $42.00. The stock’s 50 day moving average price is $38.88 and its 200 day moving average price is $39.90.

Oracle Corp. (NYSE:ORCL) last issued its earnings results on Thursday, September 15th. The enterprise software provider reported $0.55 EPS for the quarter, missing the consensus estimate of $0.58 by $0.03. The firm earned $8.60 billion during the quarter. Oracle Corp. had a net margin of 24.16% and a return on equity of 22.10%. The company’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.53 EPS. Equities research analysts anticipate that Oracle Corp. will post $2.63 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: “Addison Capital Co Decreases Position in Oracle Corp. (ORCL)” was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this news story on another site, it was copied illegally and reposted in violation of U.S. and international copyright legislation. The correct version of this news story can be read at https://www.thecerbatgem.com/2016/11/28/addison-capital-co-decreases-position-in-oracle-corp-orcl.html.

Several analysts recently weighed in on ORCL shares. MKM Partners reissued a “neutral” rating and issued a $42.00 price objective on shares of Oracle Corp. in a report on Monday, August 1st. DA Davidson began coverage on Oracle Corp. in a research note on Monday, August 8th. They issued a “buy” rating for the company. Rosenblatt Securities began coverage on Oracle Corp. in a research note on Monday, August 8th. They issued a “buy” rating and a $48.00 target price for the company. restated an “underperform” rating on shares of Oracle Corp. in a research note on Monday, August 15th. Finally, Vetr downgraded Oracle Corp. from a “buy” rating to a “hold” rating and set a $41.24 target price for the company. in a research note on Monday, August 15th. Three investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and twenty-six have given a buy rating to the stock. Oracle Corp. presently has a consensus rating of “Buy” and a consensus target price of $43.79.

In related news, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction that occurred on Monday, October 17th. The shares were sold at an average price of $38.42, for a total transaction of $144,075.00. Following the completion of the transaction, the director now directly owns 8,281 shares in the company, valued at approximately $318,156.02. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Dorian Daley sold 16,065 shares of the company’s stock in a transaction that occurred on Thursday, September 22nd. The stock was sold at an average price of $39.61, for a total transaction of $636,334.65. Following the transaction, the executive vice president now owns 25,000 shares of the company’s stock, valued at $990,250. The disclosure for this sale can be found here. 29.00% of the stock is currently owned by insiders.

About Oracle Corp.

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.

5 Day Chart for NYSE:ORCL

Receive News & Stock Ratings for Oracle Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle Corp. and related stocks with our FREE daily email newsletter.