Greenwood Gearhart Inc. reduced its stake in Oracle Corporation (NYSE:ORCL) by 0.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 115,083 shares of the enterprise software provider’s stock after selling 180 shares during the period. Oracle makes up approximately 2.2% of Greenwood Gearhart Inc.’s portfolio, making the stock its 21st biggest position. Greenwood Gearhart Inc.’s holdings in Oracle were worth $5,770,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of ORCL. Macquarie Group Ltd. increased its stake in Oracle by 6,353.4% during the first quarter. Macquarie Group Ltd. now owns 18,640,774 shares of the enterprise software provider’s stock worth $831,551,000 after purchasing an additional 18,351,920 shares during the period. BT Investment Management Ltd purchased a new stake in Oracle during the second quarter worth about $459,738,000. Harris Associates L P increased its stake in Oracle by 17.9% during the second quarter. Harris Associates L P now owns 48,989,216 shares of the enterprise software provider’s stock worth $2,456,319,000 after purchasing an additional 7,427,501 shares during the period. FMR LLC increased its stake in Oracle by 24.8% during the second quarter. FMR LLC now owns 33,082,375 shares of the enterprise software provider’s stock worth $1,658,750,000 after purchasing an additional 6,577,297 shares during the period. Finally, Vanguard Group Inc. increased its stake in Oracle by 2.6% during the second quarter. Vanguard Group Inc. now owns 206,441,876 shares of the enterprise software provider’s stock worth $10,350,996,000 after purchasing an additional 5,270,359 shares during the period. Hedge funds and other institutional investors own 57.70% of the company’s stock.

A number of brokerages have issued reports on ORCL. Wedbush reiterated an “outperform” rating and set a $58.00 price target on shares of Oracle in a research note on Friday, September 15th. UBS reiterated a “buy” rating and set a $57.00 price target (up from $52.00) on shares of Oracle in a research note on Friday, September 15th. J P Morgan Chase & Co set a $55.00 price objective on Oracle and gave the stock a “buy” rating in a research report on Friday, September 15th. Zacks Investment Research downgraded Oracle from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. Finally, Jefferies Group boosted their price objective on Oracle from $60.00 to $61.00 and gave the stock a “buy” rating in a research report on Friday, September 15th. Thirteen equities research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $55.05.

In other news, EVP Dorian Daley sold 76,703 shares of the stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of $49.00, for a total value of $3,758,447.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $50.35, for a total value of $188,812.50. Following the completion of the sale, the director now directly owns 18,125 shares of the company’s stock, valued at $912,593.75. The disclosure for this sale can be found here. Insiders sold 305,776 shares of company stock valued at $14,821,999 over the last ninety days. 29.00% of the stock is currently owned by corporate insiders.

Shares of Oracle Corporation (ORCL) traded down $0.08 on Wednesday, reaching $50.39. The company had a trading volume of 17,463,900 shares, compared to its average volume of 13,295,502. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.63 and a quick ratio of 3.61. The firm has a market capitalization of $210,635.83, a P/E ratio of 19.79, a price-to-earnings-growth ratio of 1.92 and a beta of 1.05. Oracle Corporation has a 52-week low of $38.30 and a 52-week high of $53.14.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.02. The firm had revenue of $9.21 billion during the quarter, compared to the consensus estimate of $9.03 billion. Oracle had a return on equity of 20.55% and a net margin of 25.34%. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.55 earnings per share. equities research analysts predict that Oracle Corporation will post 2.68 EPS for the current fiscal year.

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Oracle 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.

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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