KLCM Advisors Inc. reduced its stake in Oracle Corporation (NYSE:ORCL) by 0.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 326,281 shares of the enterprise software provider’s stock after selling 51 shares during the period. Oracle accounts for about 4.5% of KLCM Advisors Inc.’s holdings, making the stock its 8th biggest position. KLCM Advisors Inc.’s holdings in Oracle were worth $16,360,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Schwab Charles Investment Management Inc. boosted its holdings in shares of Oracle by 4.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 10,159,207 shares of the enterprise software provider’s stock valued at $509,383,000 after acquiring an additional 450,836 shares during the period. Partnervest Advisory Services LLC lifted its holdings in shares of Oracle by 0.6% during the second quarter. Partnervest Advisory Services LLC now owns 6,731 shares of the enterprise software provider’s stock worth $337,000 after purchasing an additional 39 shares during the period. Lockheed Martin Investment Management Co. lifted its holdings in shares of Oracle by 125.6% during the second quarter. Lockheed Martin Investment Management Co. now owns 166,160 shares of the enterprise software provider’s stock worth $8,331,000 after purchasing an additional 92,500 shares during the period. Pinnacle Financial Partners Inc. lifted its holdings in shares of Oracle by 8.9% during the second quarter. Pinnacle Financial Partners Inc. now owns 113,707 shares of the enterprise software provider’s stock worth $5,701,000 after purchasing an additional 9,328 shares during the period. Finally, LGT Capital Partners LTD. lifted its holdings in shares of Oracle by 14.0% during the second quarter. LGT Capital Partners LTD. now owns 623,463 shares of the enterprise software provider’s stock worth $31,260,000 after purchasing an additional 76,653 shares during the period. Institutional investors own 57.70% of the company’s stock.

Several equities research analysts recently weighed in on the company. Jefferies Group increased their price target on Oracle from $60.00 to $61.00 and gave the stock a “buy” rating in a report on Friday, September 15th. Credit Suisse Group assumed coverage on Oracle in a report on Tuesday, September 5th. They issued an “outperform” rating and a $62.00 target price for the company. Vetr raised Oracle from a “buy” rating to a “strong-buy” rating and set a $55.49 target price for the company in a report on Monday, November 13th. Zacks Investment Research downgraded Oracle from a “hold” rating to a “sell” rating in a report on Monday, October 23rd. Finally, BidaskClub raised Oracle from a “hold” rating to a “buy” rating in a report on Tuesday, September 12th. Thirteen analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $55.05.

Shares of Oracle Corporation (NYSE ORCL) traded up $0.87 during trading hours on Tuesday, reaching $50.47. The company’s stock had a trading volume of 15,852,800 shares, compared to its average volume of 13,277,979. The company has a current ratio of 3.63, a quick ratio of 3.61 and a debt-to-equity ratio of 0.86. Oracle Corporation has a 12-month low of $38.30 and a 12-month high of $53.14. The firm has a market cap of $207,004.89, a price-to-earnings ratio of 19.45, a price-to-earnings-growth ratio of 1.89 and a beta of 1.05.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share for the quarter, beating the consensus estimate 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 revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.55 EPS. equities analysts predict that Oracle Corporation will post 2.68 earnings per share for the current year.

In related news, EVP Dorian Daley sold 25,776 shares of the business’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $48.05, for a total transaction of $1,238,536.80. Following the transaction, the executive vice president now directly owns 30,977 shares of the company’s stock, valued at approximately $1,488,444.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $50.35, for a total value of $188,812.50. Following the transaction, the director now directly owns 18,125 shares in the company, valued at $912,593.75. 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 ninety 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.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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