Tredje AP fonden lowered its holdings in shares of Oracle Co. (NYSE:ORCL) by 40.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 281,903 shares of the enterprise software provider’s stock after selling 189,875 shares during the quarter. Tredje AP fonden’s holdings in Oracle were worth $12,421,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ORCL. Summit Trail Advisors LLC increased its position in shares of Oracle by 3,754.1% during the 1st quarter. Summit Trail Advisors LLC now owns 2,535,473 shares of the enterprise software provider’s stock valued at $2,535,000 after purchasing an additional 2,469,687 shares during the last quarter. Ceredex Value Advisors LLC bought a new position in shares of Oracle during the 1st quarter valued at approximately $111,727,000. Sumitomo Mitsui Asset Management Company LTD grew its stake in shares of Oracle by 787.8% during the 2nd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,944,051 shares of the enterprise software provider’s stock valued at $85,654,000 after acquiring an additional 1,725,077 shares during the period. Flossbach Von Storch AG grew its stake in shares of Oracle by 92.6% during the 1st quarter. Flossbach Von Storch AG now owns 2,900,939 shares of the enterprise software provider’s stock valued at $132,718,000 after acquiring an additional 1,395,114 shares during the period. Finally, Fiduciary Management Inc. WI grew its stake in shares of Oracle by 19.7% during the 1st quarter. Fiduciary Management Inc. WI now owns 8,020,588 shares of the enterprise software provider’s stock valued at $366,942,000 after acquiring an additional 1,319,707 shares during the period. 53.65% of the stock is owned by hedge funds and other institutional investors.

In other news, EVP Dorian Daley sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, July 5th. The stock was sold at an average price of $45.13, for a total transaction of $2,256,500.00. Following the sale, the executive vice president now directly owns 57,267 shares of the company’s stock, valued at approximately $2,584,459.71. The sale was disclosed in a legal 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 on Friday, June 15th. The shares were sold at an average price of $46.17, for a total value of $173,137.50. Following the sale, the director now owns 27,969 shares in the company, valued at approximately $1,291,328.73. The disclosure for this sale can be found here. Insiders have sold a total of 550,500 shares of company stock worth $24,719,865 over the last ninety days. Insiders own 29.00% of the company’s stock.

ORCL has been the subject of a number of recent research reports. Zacks Investment Research upgraded Oracle from a “sell” rating to a “hold” rating in a research note on Tuesday. Stifel Nicolaus cut their price objective on Oracle from $53.00 to $50.00 and set a “hold” rating for the company in a research note on Wednesday, June 20th. Credit Suisse Group reiterated a “buy” rating and set a $60.00 price objective on shares of Oracle in a research note on Thursday, June 7th. ValuEngine downgraded Oracle from a “hold” rating to a “sell” rating in a research note on Thursday, June 21st. Finally, Royal Bank of Canada cut their price objective on Oracle from $55.00 to $52.00 and set a “sector perform” rating for the company in a research note on Wednesday, June 20th. Fifteen analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Oracle currently has an average rating of “Buy” and a consensus price target of $55.56.

ORCL stock opened at $48.38 on Friday. The company has a market capitalization of $201.35 billion, a price-to-earnings ratio of 17.19, a price-to-earnings-growth ratio of 1.64 and a beta of 1.14. Oracle Co. has a 1-year low of $42.57 and a 1-year high of $53.48. The company has a quick ratio of 3.96, a current ratio of 3.96 and a debt-to-equity ratio of 1.21.

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