Bahl & Gaynor Inc. Acquires 4,474 Shares of Oracle Corporation (ORCL)

Bahl & Gaynor Inc. lifted its holdings in shares of Oracle Corporation (NYSE:ORCL) by 10.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,408 shares of the enterprise software provider’s stock after purchasing an additional 4,474 shares during the period. Bahl & Gaynor Inc.’s holdings in Oracle were worth $1,899,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Morningstar Investment Services LLC grew its stake in Oracle by 0.8% in the 1st quarter. Morningstar Investment Services LLC now owns 1,122,953 shares of the enterprise software provider’s stock worth $50,095,000 after acquiring an additional 9,398 shares during the period. DE Burlo Group Inc. purchased a new stake in Oracle in the 1st quarter worth approximately $205,000. Allegis Investment Advisors LLC grew its stake 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 acquiring an additional 11,248 shares during the period. Lincoln National Corp grew its stake 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 acquiring an additional 555 shares during the period. Finally, Thomaspartners Inc. grew its stake 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 acquiring an additional 374,570 shares during the period. 57.70% of the stock is owned by institutional investors and hedge funds.

In related news, Director Hector Garcia-Molina sold 3,750 shares of Oracle stock in a transaction on Friday, September 15th. The shares were sold at an average price of $50.35, for a total transaction of $188,812.50. Following the transaction, the director now owns 18,125 shares in the company, valued at approximately $912,593.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director George H. Conrades sold 11,250 shares of the business’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $48.10, for a total transaction of $541,125.00. Following the completion of the transaction, the director now owns 10,000 shares in the company, valued at approximately $481,000. 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 90 days. Company insiders own 29.00% of the company’s stock.

Oracle Corporation (NYSE ORCL) traded up $0.43 during trading hours on Thursday, hitting $48.42. 12,974,399 shares of the company traded hands, compared to its average volume of 13,259,975. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.63 and a quick ratio of 3.61. The firm has a market cap of $200,285.59, a price-to-earnings ratio of 18.82, a price-to-earnings-growth ratio of 1.83 and a beta of 1.05. Oracle Corporation has a 1-year low of $38.30 and a 1-year high of $53.14.

Oracle (NYSE:ORCL) last posted its earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.02. The business 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 business’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.55 EPS. equities research analysts forecast that Oracle Corporation will post 2.68 EPS for the current year.

Several analysts have commented on the stock. Jefferies Group lifted their target price on shares of Oracle from $60.00 to $61.00 and gave the stock a “buy” rating in a research note on Friday, September 15th. Credit Suisse Group assumed coverage on shares of Oracle in a research note on Tuesday, September 5th. They issued an “outperform” rating and a $62.00 target price for the company. Vetr raised shares of Oracle from a “buy” rating to a “strong-buy” rating and set a $55.49 target price for the company in a research note on Monday, November 13th. Zacks Investment Research cut shares of Oracle from a “hold” rating to a “sell” rating in a research note on Monday, October 23rd. Finally, BidaskClub raised shares of Oracle from a “hold” rating to a “buy” rating in a research note on Tuesday, September 12th. Twelve investment analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company. Oracle presently has a consensus rating of “Buy” and a consensus target price of $54.77.

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About Oracle

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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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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