Fiduciary Trust Co. Increases Stake in Oracle Corporation (ORCL)
Fiduciary Trust Co. grew its position in shares of Oracle Corporation (NYSE:ORCL) by 0.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 193,853 shares of the enterprise software provider’s stock after buying an additional 388 shares during the quarter. Fiduciary Trust Co.’s holdings in Oracle Corporation were worth $8,648,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently made changes to their positions in the company. Hudock Capital Group LLC lifted its holdings in Oracle Corporation by 0.3% in the 1st quarter. Hudock Capital Group LLC now owns 3,997 shares of the enterprise software provider’s stock worth $178,000 after purchasing an additional 10 shares during the last quarter. Beese Fulmer Investment Management Inc. lifted its holdings in Oracle Corporation by 0.7% in the 1st quarter. Beese Fulmer Investment Management Inc. now owns 5,771 shares of the enterprise software provider’s stock worth $257,000 after purchasing an additional 38 shares during the last quarter. Delta Asset Management LLC TN lifted its holdings in Oracle Corporation by 0.6% in the 1st quarter. Delta Asset Management LLC TN now owns 7,516 shares of the enterprise software provider’s stock worth $335,000 after purchasing an additional 42 shares during the last quarter. Bell Bank lifted its holdings in Oracle Corporation by 0.9% in the 1st quarter. Bell Bank now owns 6,079 shares of the enterprise software provider’s stock worth $271,000 after purchasing an additional 57 shares during the last quarter. Finally, Howe & Rusling Inc. lifted its holdings in Oracle Corporation by 2.1% in the 1st quarter. Howe & Rusling Inc. now owns 4,157 shares of the enterprise software provider’s stock worth $185,000 after purchasing an additional 84 shares during the last quarter. Institutional investors and hedge funds own 58.67% of the company’s stock.
In other Oracle Corporation news, EVP W Corey West sold 150,000 shares of the firm’s stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $51.39, for a total value of $7,708,500.00. Following the completion of the sale, the executive vice president now directly owns 177,988 shares in the company, valued at $9,146,803.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mark V. Hurd sold 350,000 shares of the firm’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $49.76, for a total transaction of $17,416,000.00. Following the completion of the sale, the chief executive officer now owns 553,891 shares of the company’s stock, valued at $27,561,616.16. The disclosure for this sale can be found here. Insiders have sold 1,817,500 shares of company stock worth $91,560,925 over the last ninety days. Insiders own 29.00% of the company’s stock.
A number of research analysts have recently commented on the company. Sanford C. Bernstein reiterated an “outperform” rating and set a $54.00 price target on shares of Oracle Corporation in a report on Tuesday, June 13th. Moffett Nathanson assumed coverage on Oracle Corporation in a report on Wednesday, September 6th. They set a “buy” rating and a $65.00 price target for the company. Goldman Sachs Group, Inc. (The) set a $49.00 price target on Oracle Corporation and gave the stock a “buy” rating in a report on Monday, June 12th. Canaccord Genuity lowered Oracle Corporation to a “buy” rating and upped their price target for the stock from $49.00 to $56.00 in a report on Thursday, June 22nd. Finally, UBS AG reiterated a “buy” rating and set a $52.00 price target (up from $48.00) on shares of Oracle Corporation in a report on Thursday, June 22nd. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and thirty-one have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $51.47.
Oracle Corporation (NYSE ORCL) traded up 1.55% during mid-day trading on Monday, reaching $52.38. The company had a trading volume of 6,237,803 shares. The company’s 50-day moving average is $49.78 and its 200-day moving average is $46.71. The stock has a market capitalization of $216.68 billion, a PE ratio of 23.70 and a beta of 1.05. Oracle Corporation has a one year low of $37.62 and a one year high of $52.50.
Oracle Corporation (NYSE:ORCL) last released its earnings results on Wednesday, June 21st. The enterprise software provider reported $0.89 EPS for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.11. Oracle Corporation had a return on equity of 20.90% and a net margin of 24.74%. The business had revenue of $10.94 billion for the quarter, compared to analysts’ expectations of $10.45 billion. During the same quarter in the prior year, the firm earned $0.81 earnings per share. The firm’s revenue was up 3.3% on a year-over-year basis. Equities research analysts anticipate that Oracle Corporation will post $2.95 earnings per share for the current year.
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Oracle Corporation 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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