Rikoon Group LLC Acquires 785 Shares of Oracle Corporation (ORCL)
Rikoon Group LLC grew its position in shares of Oracle Corporation (NYSE:ORCL) by 3.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,246 shares of the enterprise software provider’s stock after purchasing an additional 785 shares during the quarter. Rikoon Group LLC’s holdings in Oracle were worth $1,215,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Acrospire Investment Management LLC increased its stake in shares of Oracle by 947.4% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock valued at $100,000 after acquiring an additional 1,800 shares in the last quarter. Burt Wealth Advisors increased its stake in shares of Oracle by 4.3% in the 2nd quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock valued at $107,000 after acquiring an additional 88 shares in the last quarter. TrimTabs Asset Management LLC increased its stake in shares of Oracle by 88.8% in the 1st quarter. TrimTabs Asset Management LLC now owns 2,687 shares of the enterprise software provider’s stock valued at $120,000 after acquiring an additional 1,264 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in shares of Oracle in the 2nd quarter valued at $129,000. Finally, Heritage Trust Co bought a new stake in shares of Oracle in the 1st quarter valued at $130,000. Hedge funds and other institutional investors own 57.70% of the company’s stock.
Shares of Oracle Corporation (NYSE ORCL) traded down $0.34 on Thursday, reaching $50.05. The company’s stock had a trading volume of 17,196,800 shares, compared to its average volume of 13,311,757. The stock has a market capitalization of $210,301.95, a price-to-earnings ratio of 19.76, a P/E/G ratio of 1.92 and a beta of 1.05. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.61 and a current ratio of 3.63. Oracle Corporation has a 1-year low of $38.30 and a 1-year high of $53.14.
Several research firms have recently weighed in on ORCL. Jefferies Group lifted their price objective on shares of Oracle from $60.00 to $61.00 and gave the company a “buy” rating in a research note on Friday, September 15th. Credit Suisse Group began coverage on shares of Oracle in a research note on Tuesday, September 5th. They issued an “outperform” rating and a $62.00 price objective for the company. Vetr upgraded shares of Oracle from a “buy” rating to a “strong-buy” rating and set a $55.49 price objective for the company in a research note on Monday, November 13th. Zacks Investment Research lowered shares of Oracle from a “hold” rating to a “sell” rating in a research note on Monday, October 23rd. Finally, BidaskClub upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research note on Tuesday, September 12th. Thirteen investment analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $55.14.
In related news, EVP Dorian Daley sold 76,703 shares of the firm’s stock in a transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director George H. Conrades sold 56,250 shares of the firm’s stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $48.25, for a total value of $2,714,062.50. Following the completion of the sale, the director now directly owns 66,250 shares of the company’s stock, valued at approximately $3,196,562.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 305,776 shares of company stock valued at $14,821,999. Insiders own 29.00% of the company’s stock.
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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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