Teachers Advisors LLC Boosts Stake in Oracle Corporation (ORCL)
Teachers Advisors LLC raised its position in shares of Oracle Corporation (NYSE:ORCL) by 9.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,506,060 shares of the enterprise software provider’s stock after purchasing an additional 762,214 shares during the period. Oracle accounts for approximately 0.6% of Teachers Advisors LLC’s holdings, making the stock its 22nd biggest position. Teachers Advisors LLC owned approximately 0.21% of Oracle worth $426,494,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of ORCL. Burt Wealth Advisors raised its holdings in shares of Oracle by 4.3% in the 2nd quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock worth $107,000 after purchasing an additional 88 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its holdings in shares of Oracle by 1,150.0% in the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,500 shares of the enterprise software provider’s stock worth $112,000 after purchasing an additional 2,300 shares in the last quarter. TrimTabs Asset Management LLC raised its holdings in shares of Oracle by 88.8% during the first quarter. TrimTabs Asset Management LLC now owns 2,687 shares of the enterprise software provider’s stock valued at $120,000 after acquiring an additional 1,264 shares during the period. Baystate Wealth Management LLC raised its holdings in shares of Oracle by 9.2% during the second quarter. Baystate Wealth Management LLC now owns 2,439 shares of the enterprise software provider’s stock valued at $123,000 after acquiring an additional 206 shares during the period. Finally, State of Alaska Department of Revenue acquired a new stake in shares of Oracle during the second quarter valued at approximately $129,000. 57.70% of the stock is owned by hedge funds and other institutional investors.
ORCL has been the topic of a number of recent analyst reports. Vetr lowered shares of Oracle from a “sell” rating to a “strong sell” rating and set a $46.58 price target on the stock. in a report on Tuesday, September 12th. Rosenblatt Securities restated a “buy” rating and set a $58.00 price target on shares of Oracle in a report on Monday, September 11th. Canaccord Genuity initiated coverage on shares of Oracle in a report on Friday, October 6th. They set a “buy” rating and a $57.00 price target on the stock. BTIG Research restated a “buy” rating and set a $58.00 price target on shares of Oracle in a report on Tuesday, September 19th. Finally, Moffett Nathanson started coverage on shares of Oracle in a report on Wednesday, September 6th. They set a “buy” rating and a $65.00 price target on the stock. Eleven research analysts have rated the stock with a hold rating and thirty-three have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $54.85.
Shares of Oracle Corporation (ORCL) traded down $0.07 during mid-day trading on Tuesday, hitting $48.33. 8,136,373 shares of the stock were exchanged, compared to its average volume of 13,241,463. Oracle Corporation has a 52 week low of $38.30 and a 52 week high of $53.14. The firm has a market cap of $207,046.64, a PE ratio of 19.45, a price-to-earnings-growth ratio of 1.89 and a beta of 1.05. 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 (NYSE:ORCL) last announced its quarterly earnings data on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. Oracle had a net margin of 25.34% and a return on equity of 20.55%. 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 prior year, the company posted $0.55 EPS. The business’s revenue was up 7.0% on a year-over-year basis. research analysts forecast that Oracle Corporation will post 2.68 EPS for the current year.
In other Oracle news, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $50.35, for a total transaction of $188,812.50. Following the sale, the director now owns 18,125 shares of the company’s stock, valued at approximately $912,593.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Jeffrey Berg sold 45,000 shares of the stock in a transaction dated 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 90 days, insiders sold 305,776 shares of company stock valued at $14,821,999. Corporate 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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