Oracle Co. (ORCL) Shares Bought by Resources Investment Advisors Inc.
Resources Investment Advisors Inc. boosted its position in Oracle Co. (NYSE:ORCL) by 53.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,523 shares of the enterprise software provider’s stock after buying an additional 1,573 shares during the period. Resources Investment Advisors Inc.’s holdings in Oracle were worth $213,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of ORCL. Beach Investment Management LLC. acquired a new position in Oracle during the 2nd quarter valued at about $336,000. Burt Wealth Advisors boosted its stake in Oracle by 4.3% during the 2nd quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock valued at $107,000 after purchasing an additional 88 shares during the last quarter. Usca Ria LLC boosted its stake in Oracle by 5.0% during the 2nd quarter. Usca Ria LLC now owns 39,791 shares of the enterprise software provider’s stock valued at $1,995,000 after purchasing an additional 1,904 shares during the last quarter. GHP Investment Advisors Inc. boosted its stake in Oracle by 4.2% during the 2nd quarter. GHP Investment Advisors Inc. now owns 76,114 shares of the enterprise software provider’s stock valued at $3,816,000 after purchasing an additional 3,081 shares during the last quarter. Finally, Prudential Financial Inc. boosted its stake in Oracle by 9.4% during the 2nd quarter. Prudential Financial Inc. now owns 9,945,223 shares of the enterprise software provider’s stock valued at $498,653,000 after purchasing an additional 857,380 shares during the last quarter. 57.26% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have recently weighed in on ORCL. OTR Global downgraded Oracle to a “positive” rating in a research note on Friday. Vetr downgraded Oracle from a “buy” rating to a “hold” rating and set a $51.30 target price on the stock. in a research note on Thursday, February 15th. BMO Capital Markets cut their target price on Oracle from $57.00 to $55.00 and set an “outperform” rating on the stock in a research note on Friday, December 15th. Instinet began coverage on Oracle in a research note on Wednesday, January 24th. They issued a “buy” rating and a $51.12 target price on the stock. Finally, Oppenheimer restated a “hold” rating on shares of Oracle in a research note on Friday, December 15th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-nine have given a buy rating to the company’s stock. Oracle currently has an average rating of “Buy” and an average price target of $55.38.
Shares of Oracle Co. (NYSE:ORCL) opened at $52.97 on Friday. The company has a current ratio of 5.07, a quick ratio of 5.04 and a debt-to-equity ratio of 1.03. Oracle Co. has a 1-year low of $42.35 and a 1-year high of $53.14. The stock has a market cap of $219,274.72, a price-to-earnings ratio of 20.22, a price-to-earnings-growth ratio of 2.02 and a beta of 1.05.
Oracle (NYSE:ORCL) last released its quarterly earnings results on Thursday, December 14th. The enterprise software provider reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.02. The firm had revenue of $9.63 billion for the quarter, compared to analysts’ expectations of $9.57 billion. Oracle had a net margin of 25.48% and a return on equity of 20.49%. The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.61 earnings per share. equities research analysts forecast that Oracle Co. will post 2.68 earnings per share for the current fiscal year.
Oracle declared that its board has authorized a stock repurchase program on Thursday, December 14th that permits the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization permits the enterprise software provider to buy shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its stock is undervalued.
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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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