Howland Capital Management LLC bought a new stake in shares of Oracle Co. (NYSE:ORCL) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,437 shares of the enterprise software provider’s stock, valued at approximately $210,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Acrospire Investment Management LLC grew its stake in shares of Oracle by 947.4% in 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. Tarbox Family Office Inc. grew its stake in shares of Oracle by 71.1% in the 4th quarter. Tarbox Family Office Inc. now owns 2,322 shares of the enterprise software provider’s stock worth $110,000 after buying an additional 965 shares in the last quarter. Wealthcare Advisory Partners LLC grew its stake in shares of 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 worth $118,000 after buying an additional 2,436 shares in the last quarter. Cerebellum GP LLC purchased a new position in shares of Oracle in the 4th quarter worth $126,000. Finally, ETF Managers Group LLC purchased a new position in shares of Oracle in the 2nd quarter worth $133,000. 58.03% of the stock is owned by institutional investors.
Shares of Oracle Co. (ORCL) opened at $52.90 on Tuesday. Oracle Co. has a twelve month low of $42.40 and a twelve month high of $53.44. The company has a debt-to-equity ratio of 1.03, a current ratio of 5.07 and a quick ratio of 5.04. The company has a market cap of $219,274.72, a PE ratio of 20.22, a PEG ratio of 2.02 and a beta of 1.05.
Oracle declared that its board has approved a stock repurchase program on Thursday, December 14th that permits the company to buyback $12.00 billion in shares. This buyback authorization permits the enterprise software provider to reacquire shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.
A number of brokerages have commented on ORCL. Barclays lifted their price objective on shares of Oracle from $56.00 to $60.00 and gave the stock an “overweight” rating in a research note on Monday. They noted that the move was a valuation call. OTR Global cut shares of Oracle to a “positive” rating in a research note on Friday. Cleveland Research cut shares of Oracle from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 20th. Credit Suisse Group reissued a “buy” rating and issued a $62.00 price objective on shares of Oracle in a research note on Sunday, February 18th. Finally, Vetr cut shares of Oracle from a “buy” rating to a “hold” rating and set a $51.30 price objective for the company. in a research note on Thursday, February 15th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-nine have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $55.76.
In other news, insider Thomas Kurian sold 1,700,000 shares of the business’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $50.29, for a total value of $85,493,000.00. Following the completion of the sale, the insider now owns 1,522,983 shares in the company, valued at approximately $76,590,815.07. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $48.40, for a total transaction of $181,500.00. Following the completion of the sale, the director now owns 18,125 shares of the company’s stock, valued at approximately $877,250. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,956,250 shares of company stock valued at $98,316,475. Company insiders own 29.00% of the company’s stock.
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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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