B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund Sells 6,863 Shares of Oracle Corporation (ORCL)

B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund lowered its holdings in shares of Oracle Corporation (NYSE:ORCL) by 7.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 84,516 shares of the enterprise software provider’s stock after selling 6,863 shares during the period. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund’s holdings in Oracle Corporation were worth $3,770,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Hudock Capital Group LLC lifted its stake in shares of Oracle Corporation by 0.3% in the 1st quarter. Hudock Capital Group LLC now owns 3,997 shares of the enterprise software provider’s stock worth $178,000 after acquiring an additional 10 shares during the period. Delta Asset Management LLC TN lifted its stake in shares of Oracle Corporation by 0.6% in the 1st quarter. Delta Asset Management LLC TN now owns 7,516 shares of the enterprise software provider’s stock worth $335,000 after acquiring an additional 42 shares during the period. Bell Bank lifted its stake in shares of Oracle Corporation by 0.9% in the 1st quarter. Bell Bank now owns 6,079 shares of the enterprise software provider’s stock worth $271,000 after acquiring an additional 57 shares during the period. Bollard Group LLC lifted its stake in shares of Oracle Corporation by 0.4% in the 1st quarter. Bollard Group LLC now owns 22,675 shares of the enterprise software provider’s stock worth $1,012,000 after acquiring an additional 84 shares during the period. Finally, Eagle Ridge Investment Management lifted its stake in shares of Oracle Corporation by 0.9% in the 1st quarter. Eagle Ridge Investment Management now owns 11,400 shares of the enterprise software provider’s stock worth $509,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 58.67% of the company’s stock.

Several research firms have recently commented on ORCL. UBS AG restated a “buy” rating and issued a $52.00 target price (up previously from $48.00) on shares of Oracle Corporation in a research note on Thursday, June 22nd. They noted that the move was a valuation call. Vetr cut shares of Oracle Corporation from a “sell” rating to a “strong sell” rating and set a $46.58 target price for the company. in a research note on Tuesday. Royal Bank Of Canada raised their target price on shares of Oracle Corporation from $53.00 to $56.00 and gave the stock an “outperform” rating in a research note on Tuesday. BidaskClub upgraded shares of Oracle Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, Rosenblatt Securities restated a “buy” rating and issued a $58.00 target price on shares of Oracle Corporation in a research note on Monday. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and thirty-two have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $51.63.

In other news, insider Thomas Kurian sold 750,000 shares of the stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $50.46, for a total value of $37,845,000.00. Following the completion of the sale, the insider now directly owns 783,533 shares of the company’s stock, valued at $39,537,075.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $44.57, for a total value of $167,137.50. Following the completion of the sale, the director now directly owns 18,125 shares of the company’s stock, valued at $807,831.25. The disclosure for this sale can be found here. Insiders have sold 1,817,500 shares of company stock valued at $91,560,925 in the last ninety days. Company insiders own 29.00% of the company’s stock.

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Oracle Corporation (NYSE:ORCL) traded up 0.105% on Tuesday, hitting $52.545. 5,812,740 shares of the stock were exchanged. The company’s 50 day moving average price is $49.78 and its 200-day moving average price is $46.74. The company has a market cap of $217.36 billion, a P/E ratio of 23.776 and a beta of 1.05. Oracle Corporation has a one year low of $37.62 and a one year high of $52.89.

Oracle Corporation (NYSE:ORCL) last announced its earnings results on Wednesday, June 21st. The enterprise software provider reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.11. The firm had revenue of $10.94 billion during the quarter, compared to analysts’ expectations of $10.45 billion. Oracle Corporation had a return on equity of 20.90% and a net margin of 24.74%. The company’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.81 earnings per share. Equities research analysts predict that Oracle Corporation will post $2.95 EPS for the current fiscal year.

Oracle Corporation 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.

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

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