Wealthsource Partners LLC Boosts Stake in Oracle Corporation (ORCL)
Wealthsource Partners LLC grew its stake in shares of Oracle Corporation (NYSE:ORCL) by 10.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,260 shares of the enterprise software provider’s stock after buying an additional 2,087 shares during the quarter. Wealthsource Partners LLC’s holdings in Oracle were worth $1,066,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of ORCL. Morningstar Investment Services LLC raised its position in shares of Oracle by 0.8% during the 1st quarter. Morningstar Investment Services LLC now owns 1,122,953 shares of the enterprise software provider’s stock valued at $50,095,000 after buying an additional 9,398 shares in the last quarter. DE Burlo Group Inc. purchased a new position in Oracle in the 1st quarter worth $205,000. Allegis Investment Advisors LLC raised its position in Oracle by 172.5% in the 1st quarter. Allegis Investment Advisors LLC now owns 17,767 shares of the enterprise software provider’s stock worth $793,000 after purchasing an additional 11,248 shares during the period. Lincoln National Corp raised its position in Oracle by 6.3% in the 1st quarter. Lincoln National Corp now owns 9,422 shares of the enterprise software provider’s stock worth $420,000 after purchasing an additional 555 shares during the period. Finally, Thomaspartners Inc. raised its position in Oracle by 9.5% in the 1st quarter. Thomaspartners Inc. now owns 4,337,983 shares of the enterprise software provider’s stock worth $193,517,000 after purchasing an additional 374,570 shares during the period. Hedge funds and other institutional investors own 57.70% of the company’s stock.
In other news, EVP Dorian Daley sold 76,703 shares of Oracle stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $49.00, for a total transaction of $3,758,447.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $50.35, for a total transaction of $188,812.50. Following the sale, the director now directly owns 18,125 shares in the company, valued at approximately $912,593.75. The disclosure for this sale can be found here. Insiders have sold a total of 305,776 shares of company stock worth $14,821,999 in the last ninety days. Insiders own 29.00% of the company’s stock.
Shares of Oracle Corporation (NYSE ORCL) traded down $0.08 on Wednesday, hitting $50.39. 17,463,900 shares of the stock were exchanged, compared to its average volume of 13,295,502. The company has a market cap of $210,635.83, a price-to-earnings ratio of 19.79, a price-to-earnings-growth ratio of 1.92 and a beta of 1.05. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.63 and a quick ratio of 3.61. Oracle Corporation has a 52-week low of $38.30 and a 52-week high of $53.14.
Oracle (NYSE:ORCL) last announced its earnings results 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 for the quarter, compared to analyst estimates of $9.03 billion. Oracle had a net margin of 25.34% and a return on equity of 20.55%. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.55 EPS. sell-side analysts expect that Oracle Corporation will post 2.68 earnings per share for the current fiscal year.
A number of equities analysts recently commented on ORCL shares. Vetr cut shares of Oracle from a “sell” rating to a “strong sell” rating and set a $46.58 target price on the stock. in a research report on Tuesday, September 12th. Rosenblatt Securities reiterated a “buy” rating and issued a $58.00 target price on shares of Oracle in a research report on Monday, September 11th. Canaccord Genuity started coverage on shares of Oracle in a research report on Friday, October 6th. They issued a “buy” rating and a $57.00 target price on the stock. BTIG Research reiterated a “buy” rating and issued a $58.00 target price on shares of Oracle in a research report on Tuesday, September 19th. Finally, J P Morgan Chase & Co set a $55.00 target price on shares of Oracle and gave the stock a “buy” rating in a research report on Tuesday. Thirteen analysts have rated the stock with a hold rating and thirty have given a buy rating to the company. Oracle currently has a consensus rating of “Buy” and a consensus price target of $55.05.
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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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