TRUE Private Wealth Advisors acquired a new position in shares of Oracle Co. (NYSE:ORCL) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 9,329 shares of the enterprise software provider’s stock, valued at approximately $441,000.
Several other hedge funds also recently made changes to their positions in ORCL. Acrospire Investment Management LLC grew its position in Oracle by 947.4% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock valued at $100,000 after purchasing an additional 1,800 shares during the period. Burt Wealth Advisors grew its position in Oracle by 4.3% in the 2nd quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock valued at $107,000 after purchasing an additional 88 shares during the period. Wealthcare Advisory Partners LLC grew its position in Oracle by 81,200.0% in the 3rd quarter. Wealthcare Advisory Partners LLC now owns 2,439 shares of the enterprise software provider’s stock valued at $118,000 after purchasing an additional 2,436 shares during the period. ETF Managers Group LLC bought a new position in Oracle during the 2nd quarter valued at $133,000. Finally, Monroe Bank & Trust MI lifted its stake in Oracle by 30.5% during the 2nd quarter. Monroe Bank & Trust MI now owns 2,885 shares of the enterprise software provider’s stock valued at $144,000 after acquiring an additional 675 shares in the last quarter. 58.36% of the stock is owned by institutional investors.
In other news, EVP Dorian Daley sold 100,000 shares of the business’s stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $52.00, for a total transaction of $5,200,000.00. Following the completion of the transaction, the executive vice president now owns 37,576 shares of the company’s stock, valued at $1,953,952. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Thomas Kurian sold 1,700,000 shares of the business’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $50.29, for a total value of $85,493,000.00. Following the transaction, the insider now directly owns 1,522,983 shares of the company’s stock, valued at approximately $76,590,815.07. The disclosure for this sale can be found here. Insiders have sold a total of 1,956,250 shares of company stock valued at $98,316,475 in the last ninety days. Insiders own 29.00% of the company’s stock.
Oracle (NYSE:ORCL) last posted its earnings results on Thursday, December 14th. The enterprise software provider reported $0.70 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.02. The business had revenue of $9.63 billion during the quarter, compared to analyst estimates of $9.57 billion. Oracle had a return on equity of 20.49% and a net margin of 25.48%. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.61 EPS. equities research analysts expect that Oracle Co. will post 2.68 earnings per share for the current fiscal year.
Oracle declared that its Board of Directors has approved a stock buyback program on Thursday, December 14th that allows the company to buyback $12.00 billion in shares. This buyback authorization allows the enterprise software provider to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.
ORCL has been the topic of several recent analyst reports. Drexel Hamilton restated a “buy” rating and set a $62.00 price objective on shares of Oracle in a research note on Tuesday, November 21st. Vetr cut Oracle from a “strong-buy” rating to a “buy” rating and set a $51.82 price objective on the stock. in a research note on Monday, November 20th. Zacks Investment Research upgraded Oracle from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a research note on Wednesday, November 15th. BidaskClub cut Oracle from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 4th. Finally, Royal Bank of Canada set a $53.00 price objective on Oracle and gave the company a “buy” rating in a research note on Tuesday, December 12th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-nine have given a buy rating to the company. Oracle currently has an average rating of “Buy” and an average target price of $55.38.
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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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