AMP Capital Investors Ltd lessened its holdings in Oracle Co. (NYSE:ORCL) by 2.7% during the 2nd quarter, Holdings Channel reports. The firm owned 2,317,181 shares of the enterprise software provider’s stock after selling 63,934 shares during the period. AMP Capital Investors Ltd’s holdings in Oracle were worth $102,095,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. HC Financial Advisors Inc. acquired a new stake in shares of Oracle in the 4th quarter valued at approximately $2,627,000. Bradley Foster & Sargent Inc. CT raised its position in shares of Oracle by 93.4% in the 1st quarter. Bradley Foster & Sargent Inc. CT now owns 90,038 shares of the enterprise software provider’s stock valued at $4,119,000 after acquiring an additional 43,483 shares during the period. Arlington Partners LLC raised its position in shares of Oracle by 9.8% in the 1st quarter. Arlington Partners LLC now owns 37,620 shares of the enterprise software provider’s stock valued at $1,721,000 after acquiring an additional 3,360 shares during the period. Vicus Capital acquired a new stake in shares of Oracle in the 1st quarter valued at approximately $265,000. Finally, Great Lakes Advisors LLC raised its position in shares of Oracle by 11.4% in the 1st quarter. Great Lakes Advisors LLC now owns 1,744,495 shares of the enterprise software provider’s stock valued at $71,498,000 after acquiring an additional 178,408 shares during the period. 53.65% of the stock is currently owned by institutional investors.

A number of analysts recently weighed in on the stock. UBS Group reiterated a “neutral” rating and issued a $53.00 price target on shares of Oracle in a research report on Tuesday, June 12th. KeyCorp reiterated a “hold” rating on shares of Oracle in a research report on Wednesday. ValuEngine downgraded shares of Oracle from a “hold” rating to a “sell” rating in a research report on Thursday, June 21st. Zacks Investment Research upgraded shares of Oracle from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Rosenblatt Securities downgraded shares of Oracle from a “buy” rating to a “neutral” rating and cut their price target for the company from $58.00 to $51.00 in a research report on Wednesday, June 20th. Fifteen equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $55.19.

In other news, EVP W Corey West sold 48,000 shares of the firm’s stock in a transaction that occurred on 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 approximately $39,663.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 26th. The stock was sold at an average price of $44.62, for a total transaction of $17,848,000.00. Following the transaction, the insider now directly owns 400,000 shares of the company’s stock, valued at $17,848,000. The disclosure for this sale can be found here. Insiders have sold a total of 546,750 shares of company stock worth $24,546,728 over the last 90 days. Corporate insiders own 29.00% of the company’s stock.

Shares of ORCL stock opened at $49.25 on Friday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 3.96 and a current ratio of 3.96. The company has a market cap of $204.25 billion, a price-to-earnings ratio of 17.46, a P/E/G ratio of 1.66 and a beta of 1.16. Oracle Co. has a 52 week low of $42.57 and a 52 week high of $53.48.

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

Oracle Company 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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