Leisure Capital Management cut its stake in Oracle Corporation (NYSE:ORCL) by 2.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,028 shares of the enterprise software provider’s stock after selling 832 shares during the quarter. Leisure Capital Management’s holdings in Oracle Corporation were worth $1,556,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of ORCL. Burt Wealth Advisors increased its position in Oracle Corporation by 4.3% during the second quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock worth $107,000 after buying an additional 88 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position in Oracle Corporation by 1,150.0% during the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,500 shares of the enterprise software provider’s stock worth $112,000 after buying an additional 2,300 shares during the last quarter. TrimTabs Asset Management LLC increased its position in Oracle Corporation by 88.8% during the first quarter. TrimTabs Asset Management LLC now owns 2,687 shares of the enterprise software provider’s stock worth $120,000 after buying an additional 1,264 shares during the last quarter. Baystate Wealth Management LLC increased its position in Oracle Corporation by 9.2% during the second quarter. Baystate Wealth Management LLC now owns 2,439 shares of the enterprise software provider’s stock worth $123,000 after buying an additional 206 shares during the last quarter. Finally, State of Alaska Department of Revenue acquired a new position in Oracle Corporation during the second quarter worth $129,000. 58.09% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have commented on ORCL shares. BidaskClub downgraded shares of Oracle Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Zacks Investment Research downgraded shares of Oracle Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, August 17th. Royal Bank Of Canada reissued a “buy” rating and set a $53.00 target price on shares of Oracle Corporation in a research report on Sunday, August 27th. ValuEngine raised shares of Oracle Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Vetr downgraded shares of Oracle Corporation from a “buy” rating to a “hold” rating and set a $46.58 target price on the stock. in a research report on Sunday, September 3rd. Eleven research analysts have rated the stock with a hold rating and thirty-three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $54.85.

Oracle Corporation (NYSE ORCL) traded up $0.43 during midday trading on Friday, hitting $49.01. 6,008,333 shares of the company traded hands, compared to its average volume of 10,612,469. The company has a current ratio of 3.63, a quick ratio of 3.61 and a debt-to-equity ratio of 0.86. Oracle Corporation has a twelve month low of $37.64 and a twelve month high of $53.14. The company has a market capitalization of $202,747.95, a PE ratio of 19.05, a PEG ratio of 1.85 and a beta of 1.07.

Oracle Corporation (NYSE:ORCL) last released its earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.02. Oracle Corporation had a net margin of 25.34% and a return on equity of 20.55%. The business had revenue of $9.21 billion during the quarter, compared to analysts’ expectations of $9.03 billion. During the same quarter last year, the company earned $0.55 earnings per share. The firm’s revenue was up 7.0% on a year-over-year basis. sell-side analysts predict that Oracle Corporation will post 2.68 earnings per share for the current year.

In other Oracle Corporation news, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $48.83, for a total transaction of $183,112.50. Following the completion of the transaction, the director now owns 18,125 shares in the company, valued at $885,043.75. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director George H. Conrades sold 11,250 shares of the firm’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $48.10, for a total transaction of $541,125.00. Following the transaction, the director now owns 10,000 shares of the company’s stock, valued at approximately $481,000. The disclosure for this sale can be found here. In the last quarter, insiders sold 305,776 shares of company stock valued at $14,821,999. 29.00% of the stock is owned by corporate insiders.

COPYRIGHT VIOLATION WARNING: “Leisure Capital Management Reduces Stake in Oracle Corporation (ORCL)” was reported by Watch List News and is the property of of Watch List News. If you are reading this news story on another domain, it was illegally copied and republished in violation of United States and international trademark & copyright law. The correct version of this news story can be read at https://www.watchlistnews.com/leisure-capital-management-reduces-stake-in-oracle-corporation-orcl/1725881.html.

Oracle Corporation Company Profile

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.

Institutional Ownership by Quarter for Oracle Corporation (NYSE:ORCL)

Receive News & Ratings for Oracle Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.