Oracle Corporation (ORCL) Shares Sold by Veritas Investment Management LLP
Veritas Investment Management LLP decreased its position in Oracle Corporation (NYSE:ORCL) by 1.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 859,570 shares of the enterprise software provider’s stock after selling 11,635 shares during the quarter. Oracle accounts for 6.3% of Veritas Investment Management LLP’s portfolio, making the stock its 9th biggest holding. Veritas Investment Management LLP’s holdings in Oracle were worth $43,103,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the business. Alpha Windward LLC increased its stake in Oracle by 0.3% in the 2nd quarter. Alpha Windward LLC now owns 5,568 shares of the enterprise software provider’s stock worth $279,000 after acquiring an additional 19 shares during the last quarter. Joel Isaacson & Co. LLC increased its stake in Oracle by 0.3% in the 2nd quarter. Joel Isaacson & Co. LLC now owns 8,197 shares of the enterprise software provider’s stock worth $411,000 after acquiring an additional 24 shares during the last quarter. Flagship Harbor Advisors LLC increased its stake in Oracle by 0.4% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 8,110 shares of the enterprise software provider’s stock worth $404,000 after acquiring an additional 35 shares during the last quarter. Partnervest Advisory Services LLC increased its stake in Oracle by 0.6% in the 2nd quarter. Partnervest Advisory Services LLC now owns 6,731 shares of the enterprise software provider’s stock worth $337,000 after acquiring an additional 39 shares during the last quarter. Finally, Pointe Capital Management LLC increased its stake in Oracle by 0.4% in the 1st quarter. Pointe Capital Management LLC now owns 11,739 shares of the enterprise software provider’s stock worth $524,000 after acquiring an additional 45 shares during the last quarter. 58.09% of the stock is currently owned by institutional investors and hedge funds.
In other Oracle news, Director George H. Conrades sold 11,250 shares of the company’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $48.10, for a total value of $541,125.00. Following the completion of the sale, the director now directly owns 10,000 shares in the company, valued at approximately $481,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $50.35, for a total value of $188,812.50. Following the completion of the sale, the director now owns 18,125 shares of the company’s stock, valued at $912,593.75. The disclosure for this sale can be found here. Insiders sold a total of 305,776 shares of company stock valued at $14,821,999 over the last quarter. Company insiders own 29.00% of the company’s stock.
A number of equities analysts have recently commented on ORCL shares. BidaskClub cut Oracle from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Zacks Investment Research cut Oracle from a “buy” rating to a “hold” rating in a report on Thursday, August 17th. Royal Bank Of Canada reiterated a “buy” rating and issued a $53.00 target price on shares of Oracle in a report on Sunday, August 27th. ValuEngine upgraded Oracle from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Vetr cut Oracle from a “buy” rating to a “hold” rating and set a $46.58 target price for the company. in a report on Sunday, September 3rd. Eleven equities research analysts have rated the stock with a hold rating and thirty-three have assigned a buy rating to the company’s stock. Oracle presently has a consensus rating of “Buy” and an average price target of $54.85.
Oracle Corporation (NYSE ORCL) traded up $0.44 on Friday, reaching $49.01. The company had a trading volume of 6,010,000 shares, compared to its average volume of 10,612,469. Oracle Corporation has a one year low of $37.64 and a one year high of $53.14. The company has a current ratio of 3.63, a quick ratio of 3.61 and a debt-to-equity ratio of 0.86. The stock has a market cap of $204,542.53, a PE ratio of 19.22, a P/E/G ratio of 1.87 and a beta of 1.07.
Oracle (NYSE:ORCL) last posted its quarterly earnings data on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.02. Oracle had a return on equity of 20.55% and a net margin of 25.34%. The company had revenue of $9.21 billion during the quarter, compared to analysts’ expectations of $9.03 billion. During the same quarter in the previous year, the business earned $0.55 EPS. Oracle’s revenue was up 7.0% compared to the same quarter last year. sell-side analysts anticipate that Oracle Corporation will post 2.68 EPS for the current fiscal year.
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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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