Oracle Corporation (ORCL) Holdings Lifted by EP Wealth Advisors LLC
EP Wealth Advisors LLC grew its position in shares of Oracle Corporation (NYSE:ORCL) by 3.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 334,851 shares of the enterprise software provider’s stock after purchasing an additional 11,683 shares during the quarter. Oracle comprises approximately 2.1% of EP Wealth Advisors LLC’s investment portfolio, making the stock its 8th largest position. EP Wealth Advisors LLC’s holdings in Oracle were worth $16,789,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Afam Capital Inc. boosted its holdings in Oracle by 1.6% during the 2nd quarter. Afam Capital Inc. now owns 150,285 shares of the enterprise software provider’s stock worth $7,535,000 after acquiring an additional 2,352 shares during the last quarter. Beaton Management Co. Inc. purchased a new position in Oracle during the 2nd quarter worth $420,000. Dynamic Technology Lab Private Ltd purchased a new position in Oracle during the 2nd quarter worth $326,000. North Star Asset Management Inc. boosted its holdings in shares of Oracle by 4.5% in the 2nd quarter. North Star Asset Management Inc. now owns 127,739 shares of the enterprise software provider’s stock worth $6,404,000 after buying an additional 5,480 shares during the last quarter. Finally, Strategic Wealth Advisors Group LLC purchased a new position in shares of Oracle in the 2nd quarter worth about $1,473,000. Hedge funds and other institutional investors own 57.70% of the company’s stock.
Oracle Corporation (ORCL) traded down $0.34 during trading hours on Thursday, hitting $50.05. The stock had a trading volume of 17,196,800 shares, compared to its average volume of 13,311,757. The stock has a market capitalization of $210,301.95, a price-to-earnings ratio of 19.76, a PEG ratio of 1.92 and a beta of 1.05. Oracle Corporation has a 52-week low of $38.30 and a 52-week high of $53.14. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.61 and a current ratio of 3.63.
Oracle (NYSE:ORCL) last released its quarterly earnings data on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. The firm had revenue of $9.21 billion during the quarter, compared to analyst estimates of $9.03 billion. Oracle had a return on equity of 20.55% and a net margin of 25.34%. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.55 earnings per share. equities research analysts forecast that Oracle Corporation will post 2.68 EPS for the current fiscal year.
ORCL has been the topic of a number of research analyst reports. Drexel Hamilton reissued a “buy” rating and issued a $62.00 price target on shares of Oracle in a report on Thursday, September 14th. BidaskClub raised shares of Oracle from a “hold” rating to a “buy” rating in a report on Tuesday, September 12th. Rosenblatt Securities reissued a “buy” rating and issued a $58.00 price target on shares of Oracle in a report on Monday, September 11th. Moffett Nathanson assumed coverage on Oracle in a research note on Wednesday, September 6th. They issued a “buy” rating and a $65.00 price objective on the stock. Finally, Royal Bank of Canada restated a “buy” rating and issued a $53.00 price objective on shares of Oracle in a research note on Sunday, August 27th. Thirteen investment analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $55.14.
In other Oracle news, EVP Dorian Daley sold 76,703 shares of the stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $49.00, for a total value of $3,758,447.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director George H. Conrades sold 56,250 shares of the stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $48.25, for a total value of $2,714,062.50. Following the completion of the transaction, the director now owns 66,250 shares of the company’s stock, valued at approximately $3,196,562.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 305,776 shares of company stock valued at $14,821,999. Insiders own 29.00% of the company’s stock.
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Oracle 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.
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