Biegel & Waller LLC lifted its stake in shares of Oracle Co. (NYSE:ORCL) by 68.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,570 shares of the enterprise software provider’s stock after acquiring an additional 3,074 shares during the quarter. Biegel & Waller LLC’s holdings in Oracle were worth $334,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of ORCL. Centaurus Financial Inc. acquired a new position in shares of Oracle during the first quarter worth $106,000. Rainier Group Investment Advisory LLC acquired a new position in shares of Oracle during the first quarter worth $106,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Oracle during the second quarter worth $126,000. Financial Gravity Wealth Inc. acquired a new position in shares of Oracle during the first quarter worth $130,000. Finally, Clearwater Capital Advisors LLC acquired a new position in shares of Oracle during the first quarter worth $134,000. 53.65% of the stock is currently owned by institutional investors and hedge funds.

ORCL has been the subject of several research analyst reports. JPMorgan Chase & Co. downgraded shares of Oracle from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $55.00 to $53.00 in a research note on Thursday, June 14th. Zacks Investment Research downgraded shares of Oracle from a “hold” rating to a “sell” rating in a research note on Tuesday, May 22nd. UBS Group restated a “neutral” rating and issued a $53.00 price objective on shares of Oracle in a research note on Tuesday, June 12th. Credit Suisse Group restated a “buy” rating and issued a $60.00 price objective on shares of Oracle in a research note on Thursday, June 7th. Finally, KeyCorp restated a “hold” rating on shares of Oracle in a research note on Friday, June 15th. Fifteen equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Oracle has a consensus rating of “Buy” and an average price target of $55.56.

In related news, EVP W Corey West sold 48,000 shares of the stock in a transaction dated Monday, June 25th. The shares were sold at an average price of $43.73, for a total transaction of $2,099,040.00. Following the completion of the transaction, the executive vice president now directly owns 907 shares of the company’s stock, valued at $39,663.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $47.77, for a total transaction of $179,137.50. Following the transaction, the director now directly owns 27,969 shares of the company’s stock, valued at $1,336,079.13. The disclosure for this sale can be found here. Insiders have sold 550,500 shares of company stock valued at $24,719,865 over the last three months. 29.00% of the stock is currently owned by corporate insiders.

Shares of ORCL opened at $48.38 on Friday. Oracle Co. has a fifty-two week low of $42.57 and a fifty-two week high of $53.48. The stock has a market cap of $204.21 billion, a PE ratio of 17.16, a price-to-earnings-growth ratio of 1.66 and a beta of 1.14. The company has a debt-to-equity ratio of 1.21, a current ratio of 3.96 and a quick ratio of 3.96.

Oracle (NYSE:ORCL) last announced its earnings results on Tuesday, June 19th. The enterprise software provider reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.05. Oracle had a net margin of 9.61% and a return on equity of 23.14%. The business had revenue of $11.26 billion during the quarter, compared to the consensus estimate of $11.17 billion. During the same quarter in the prior year, the firm earned $0.89 earnings per share. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. sell-side analysts anticipate that Oracle Co. will post 3.05 EPS for the current year.

Oracle Profile

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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