Sterling Investment Advisors Ltd. Lowers Holdings in Oracle Corporation (ORCL)
Sterling Investment Advisors Ltd. lessened its stake in Oracle Corporation (NYSE:ORCL) by 0.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,503 shares of the enterprise software provider’s stock after selling 97 shares during the quarter. Sterling Investment Advisors Ltd.’s holdings in Oracle were worth $727,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently bought and sold shares of ORCL. Guyasuta Investment Advisors Inc. bought a new position in shares of Oracle in the 2nd quarter valued at about $13,849,000. Meiji Yasuda Life Insurance Co boosted its stake in shares of Oracle by 1.0% in the 2nd quarter. Meiji Yasuda Life Insurance Co now owns 71,364 shares of the enterprise software provider’s stock valued at $3,578,000 after purchasing an additional 700 shares during the last quarter. Farr Miller & Washington LLC DC boosted its stake in shares of Oracle by 10.7% in the 2nd quarter. Farr Miller & Washington LLC DC now owns 10,551 shares of the enterprise software provider’s stock valued at $529,000 after purchasing an additional 1,023 shares during the last quarter. Intercontinental Wealth Advisors LLC bought a new position in shares of Oracle in the 2nd quarter valued at about $335,000. Finally, Flagship Harbor Advisors LLC boosted its stake in shares of Oracle by 0.4% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 8,110 shares of the enterprise software provider’s stock valued at $404,000 after purchasing an additional 35 shares during the last quarter. Hedge funds and other institutional investors own 58.09% of the company’s stock.
Oracle Corporation (ORCL) opened at $49.01 on Friday. The company has a quick ratio of 3.61, a current ratio of 3.63 and a debt-to-equity ratio of 0.86. Oracle Corporation has a one year low of $37.64 and a one year high of $53.14. The firm has a market cap of $204,542.53, a P/E ratio of 19.22, a price-to-earnings-growth ratio of 1.87 and a beta of 1.07.
Oracle (NYSE:ORCL) last announced its quarterly earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.02. Oracle had a net margin of 25.34% and a return on equity of 20.55%. The firm had revenue of $9.21 billion for the quarter, compared to analyst estimates of $9.03 billion. During the same quarter in the previous year, the firm posted $0.55 earnings per share. The business’s revenue was up 7.0% on a year-over-year basis. equities research analysts expect that Oracle Corporation will post 2.68 EPS for the current year.
In other news, Director Hector Garcia-Molina sold 3,750 shares of Oracle stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $50.35, for a total value of $188,812.50. Following the sale, the director now directly owns 18,125 shares in the company, valued at $912,593.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Dorian Daley sold 25,776 shares of Oracle stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $48.05, for a total transaction of $1,238,536.80. Following the completion of the sale, the executive vice president now owns 30,977 shares in the company, valued at $1,488,444.85. The disclosure for this sale can be found here. In the last ninety days, insiders sold 305,776 shares of company stock worth $14,821,999. Insiders own 29.00% of the company’s stock.
Several brokerages have recently issued reports on ORCL. Drexel Hamilton reaffirmed a “buy” rating and issued a $62.00 target price on shares of Oracle in a research note on Tuesday, November 21st. Vetr lowered shares of Oracle from a “strong-buy” rating to a “buy” rating and set a $51.82 target price on the stock. in a research note on Monday, November 20th. Zacks Investment Research raised shares of Oracle from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research note on Wednesday, November 15th. UBS AG reaffirmed a “neutral” rating and issued a $55.00 target price (down previously from $57.00) on shares of Oracle in a research note on Thursday, November 9th. Finally, BidaskClub lowered shares of Oracle from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 4th. Eleven analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $54.85.
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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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