Smith Chas P & Associates PA Cpas Sells 1,940 Shares of Oracle Corporation (ORCL)

Smith Chas P & Associates PA Cpas lowered its stake in Oracle Corporation (NYSE:ORCL) by 1.8% during the first quarter, Holdings Channel reports. The institutional investor owned 106,330 shares of the enterprise software provider’s stock after selling 1,940 shares during the period. Smith Chas P & Associates PA Cpas’ holdings in Oracle Corporation were worth $4,743,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Zions Bancorporation increased its stake in shares of Oracle Corporation by 0.9% in the fourth quarter. Zions Bancorporation now owns 3,934 shares of the enterprise software provider’s stock worth $152,000 after buying an additional 36 shares during the last quarter. Beese Fulmer Investment Management Inc. increased its stake in shares of Oracle Corporation by 0.7% in the first quarter. Beese Fulmer Investment Management Inc. now owns 5,771 shares of the enterprise software provider’s stock worth $257,000 after buying an additional 38 shares during the last quarter. Delta Asset Management LLC TN increased its stake in shares of Oracle Corporation by 0.6% in the first quarter. Delta Asset Management LLC TN now owns 7,516 shares of the enterprise software provider’s stock worth $335,000 after buying an additional 42 shares during the last quarter. Carroll Financial Associates Inc. increased its stake in shares of Oracle Corporation by 0.4% in the first quarter. Carroll Financial Associates Inc. now owns 17,268 shares of the enterprise software provider’s stock worth $770,000 after buying an additional 74 shares during the last quarter. Finally, Howe & Rusling Inc. increased its stake in shares of Oracle Corporation by 2.1% in the first quarter. Howe & Rusling Inc. now owns 4,157 shares of the enterprise software provider’s stock worth $185,000 after buying an additional 84 shares during the last quarter. 58.53% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Oracle Corporation (NYSE:ORCL)

Oracle Corporation (ORCL) opened at 45.73 on Tuesday. The stock has a market capitalization of $188.16 billion, a price-to-earnings ratio of 21.63 and a beta of 1.13. The company has a 50-day moving average of $45.16 and a 200-day moving average of $42.62. Oracle Corporation has a 1-year low of $37.62 and a 1-year high of $46.99. Oracle Corporation also was the target of unusually large options trading activity on Monday. Stock traders acquired 32,198 call options on the stock. This represents an increase of 166% compared to the typical daily volume of 12,114 call options.

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A number of brokerages have weighed in on ORCL. Bank of America Corporation reiterated a “buy” rating and set a $42.58 price target (down from $48.00) on shares of Oracle Corporation in a report on Tuesday, March 14th. Royal Bank Of Canada increased their price target on Oracle Corporation from $43.00 to $46.00 and gave the stock an “outperform” rating in a report on Monday, March 13th. Macquarie reiterated a “buy” rating and set a $48.00 price target on shares of Oracle Corporation in a report on Tuesday, March 14th. JMP Securities upgraded Oracle Corporation from an “underperform” rating to a “market perform” rating and increased their price target for the stock from $42.00 to $43.00 in a report on Thursday, March 16th. Finally, Cowen and Company increased their price target on Oracle Corporation to $48.00 in a report on Thursday, March 16th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and twenty-six have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $46.45.

In other news, CEO Safra Catz sold 109,572 shares of the firm’s stock in a transaction on Wednesday, March 22nd. The shares were sold at an average price of $45.14, for a total transaction of $4,946,080.08. Following the sale, the chief executive officer now directly owns 571,432 shares in the company, valued at approximately $25,794,440.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $44.57, for a total transaction of $167,137.50. Following the sale, the director now owns 18,125 shares in the company, valued at $807,831.25. The disclosure for this sale can be found here. Insiders sold 2,703,091 shares of company stock worth $121,525,212 over the last quarter. Insiders own 29.00% of the company’s stock.

Oracle Corporation Company Profile

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “ORCL”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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