HL Financial Services LLC reduced its holdings in Oracle Co. (NYSE:ORCL) by 5.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 35,208 shares of the enterprise software provider’s stock after selling 1,991 shares during the period. HL Financial Services LLC’s holdings in Oracle were worth $1,665,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Acrospire Investment Management LLC boosted its stake in shares of 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 purchasing an additional 1,800 shares during the period. Tarbox Family Office Inc. boosted its stake in shares of Oracle by 71.1% during the 4th quarter. Tarbox Family Office Inc. now owns 2,322 shares of the enterprise software provider’s stock worth $110,000 after purchasing an additional 965 shares during the period. Wealthcare Advisory Partners LLC boosted its stake in shares of 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 purchasing an additional 2,436 shares during the period. Cerebellum GP LLC purchased a new position in shares of Oracle during the 4th quarter worth about $126,000. Finally, ETF Managers Group LLC purchased a new position in shares of Oracle during the 2nd quarter worth about $133,000. 58.03% of the stock is owned by institutional investors and hedge funds.
Oracle Co. (NYSE ORCL) opened at $52.90 on Tuesday. 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 company has a market cap of $219,274.72, a P/E ratio of 22.70, a P/E/G ratio of 2.02 and a beta of 1.05. Oracle Co. has a 52 week low of $42.40 and a 52 week high of $53.44.
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.
ORCL has been the subject of a number of recent analyst reports. Canaccord Genuity dropped their price target on shares of Oracle from $57.00 to $53.00 and set a “buy” rating for the company in a research note on Friday, December 15th. Wedbush reaffirmed a “buy” rating and set a $58.00 price target on shares of Oracle in a research note on Friday, December 15th. Vetr cut shares of Oracle from a “buy” rating to a “hold” rating and set a $51.82 price target for the company. in a research note on Wednesday, January 17th. JPMorgan Chase & Co. set a $55.00 price objective on shares of Oracle and gave the company a “buy” rating in a research report on Tuesday, December 12th. Finally, ValuEngine raised shares of Oracle from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-nine have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $55.76.
In related news, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction that occurred on 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 transaction, the director now owns 18,125 shares in the company, valued at approximately $877,250. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Thomas Kurian sold 1,700,000 shares of the business’s stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $50.29, for a total transaction of $85,493,000.00. Following the transaction, the insider now 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. In the last quarter, insiders have sold 1,956,250 shares of company stock valued at $98,316,475. 29.00% of the stock is currently owned by company insiders.
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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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