Oracle Corporation (ORCL) Position Lifted by First Allied Advisory Services Inc.
First Allied Advisory Services Inc. boosted its holdings in Oracle Corporation (NYSE:ORCL) by 33.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 95,060 shares of the enterprise software provider’s stock after acquiring an additional 23,778 shares during the period. First Allied Advisory Services Inc.’s holdings in Oracle were worth $4,781,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Acrospire Investment Management LLC lifted its holdings in Oracle by 947.4% in the second quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock valued at $100,000 after acquiring an additional 1,800 shares during the last quarter. Burt Wealth Advisors raised its position in Oracle by 4.3% in the second quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock valued at $107,000 after purchasing an additional 88 shares during the period. TrimTabs Asset Management LLC raised its position in Oracle by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 2,687 shares of the enterprise software provider’s stock valued at $120,000 after purchasing an additional 1,264 shares during the period. Baystate Wealth Management LLC raised its position in Oracle by 9.2% in the second quarter. Baystate Wealth Management LLC now owns 2,439 shares of the enterprise software provider’s stock valued at $123,000 after purchasing an additional 206 shares during the period. Finally, State of Alaska Department of Revenue purchased a new stake in Oracle in the second quarter valued at approximately $129,000. Hedge funds and other institutional investors own 57.70% of the company’s stock.
Oracle Corporation (NYSE:ORCL) traded up $1.08 during trading on Friday, hitting $49.60. The stock had a trading volume of 14,404,743 shares, compared to its average volume of 12,138,436. Oracle Corporation has a 1-year low of $38.30 and a 1-year high of $53.14. The company has a quick ratio of 3.61, a current ratio of 3.63 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $207,004.89, a price-to-earnings ratio of 19.45, a P/E/G ratio of 1.89 and a beta of 1.05.
A number of brokerages have issued reports on ORCL. Moffett Nathanson began coverage on Oracle in a research report on Wednesday, September 6th. They issued a “buy” rating and a $65.00 target price on the stock. Vetr raised Oracle from a “strong sell” rating to a “sell” rating and set a $46.58 target price on the stock in a research report on Monday, September 18th. Zacks Investment Research raised Oracle from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a research report on Friday, August 18th. BidaskClub lowered Oracle from a “buy” rating to a “hold” rating in a research report on Wednesday, September 20th. Finally, Credit Suisse Group reissued an “overweight” rating and issued a $62.00 target price on shares of Oracle in a research report on Monday, September 18th. Twelve investment analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $55.04.
In related news, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction on 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 legal filing with the SEC, which is accessible through the SEC website. Also, Director Jeffrey Berg sold 45,000 shares of the business’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $48.03, for a total transaction of $2,161,350.00. The disclosure for this sale can be found here. In the last quarter, 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 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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