Hendershot Investments Inc. lessened its position in Oracle Co. (NYSE:ORCL) by 1.1% during the 4th quarter, HoldingsChannel reports. The firm owned 160,418 shares of the enterprise software provider’s stock after selling 1,710 shares during the quarter. Oracle makes up about 3.1% of Hendershot Investments Inc.’s investment portfolio, making the stock its 9th biggest position. Hendershot Investments Inc.’s holdings in Oracle were worth $7,585,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of the company. Acrospire Investment Management LLC lifted its position in Oracle by 947.4% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock worth $100,000 after buying an additional 1,800 shares in the last quarter. Burt Wealth Advisors lifted its position in Oracle by 4.3% during the 2nd quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock worth $107,000 after buying an additional 88 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its position in Oracle by 81,200.0% during the 3rd quarter. Wealthcare Advisory Partners LLC now owns 2,439 shares of the enterprise software provider’s stock worth $118,000 after buying an additional 2,436 shares in the last quarter. ETF Managers Group LLC acquired a new position in Oracle during the 2nd quarter valued at about $133,000. Finally, Monroe Bank & Trust MI lifted its position 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 purchasing an additional 675 shares during the period. Institutional investors own 58.36% of the company’s stock.
A number of research firms have issued reports on ORCL. Oppenheimer restated a “hold” rating on shares of Oracle in a research report on Friday, December 15th. Zacks Investment Research downgraded shares of Oracle from a “hold” rating to a “sell” rating in a research report on Tuesday, December 19th. Vetr upgraded shares of Oracle from a “buy” rating to a “strong-buy” rating and set a $55.49 target price on the stock in a research report on Monday, November 13th. Instinet began coverage on shares of Oracle in a research report on Wednesday, January 24th. They set a “buy” rating and a $51.12 target price on the stock. Finally, Drexel Hamilton restated a “buy” rating and set a $62.00 target price on shares of Oracle in a research report on Tuesday, November 21st. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-nine have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $55.38.
Shares of Oracle Co. (ORCL) opened at $51.17 on Tuesday. Oracle Co. has a 52 week low of $42.25 and a 52 week high of $53.14. The company has a debt-to-equity ratio of 1.03, a quick ratio of 5.04 and a current ratio of 5.07. The stock has a market capitalization of $211,820.00, a P/E ratio of 21.96, a P/E/G ratio of 1.93 and a beta of 1.08.
Oracle (NYSE:ORCL) last posted its earnings results on Thursday, December 14th. The enterprise software provider reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.02. Oracle had a return on equity of 20.49% and a net margin of 25.48%. The business had revenue of $9.63 billion during the quarter, compared to analysts’ expectations of $9.57 billion. During the same period in the prior year, the business earned $0.61 EPS. Oracle’s revenue for the quarter was up 6.2% compared to the same quarter last year. analysts anticipate that Oracle Co. will post 2.68 earnings per share for the current year.
Oracle declared that its Board of Directors has authorized a stock repurchase 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 purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its shares are undervalued.
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Oracle 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.
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