Bradley Foster & Sargent Inc. CT Purchases 9,599 Shares of Oracle Co. (NYSE:ORCL)

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Bradley Foster & Sargent Inc. CT boosted its position in Oracle Co. (NYSE:ORCL) by 4.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 206,507 shares of the enterprise software provider’s stock after purchasing an additional 9,599 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Oracle were worth $11,091,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of ORCL. Smith Moore & CO. increased its stake in shares of Oracle by 7.8% in the fourth quarter. Smith Moore & CO. now owns 14,746 shares of the enterprise software provider’s stock valued at $666,000 after buying an additional 1,073 shares during the period. SevenBridge Financial Group LLC boosted its position in shares of Oracle by 246.4% during the 4th quarter. SevenBridge Financial Group LLC now owns 46,361 shares of the enterprise software provider’s stock valued at $2,093,000 after purchasing an additional 32,978 shares in the last quarter. Trust Co. of Vermont boosted its position in shares of Oracle by 10.9% during the 4th quarter. Trust Co. of Vermont now owns 54,368 shares of the enterprise software provider’s stock valued at $2,455,000 after purchasing an additional 5,341 shares in the last quarter. Perpetual Ltd boosted its position in shares of Oracle by 189.2% during the 4th quarter. Perpetual Ltd now owns 236,175 shares of the enterprise software provider’s stock valued at $10,585,000 after purchasing an additional 154,500 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Oracle by 7.6% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,099,788 shares of the enterprise software provider’s stock valued at $59,070,000 after purchasing an additional 77,283 shares in the last quarter. 53.15% of the stock is owned by institutional investors and hedge funds.

In other news, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $51.54, for a total value of $193,275.00. Following the transaction, the director now owns 27,969 shares in the company, valued at $1,441,522.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey Henley sold 400,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $54.03, for a total value of $21,612,000.00. Following the completion of the transaction, the insider now owns 400,000 shares in the company, valued at approximately $21,612,000. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,473,750 shares of company stock worth $133,883,350. Corporate insiders own 32.00% of the company’s stock.

Shares of NYSE:ORCL opened at $53.62 on Thursday. The company has a market capitalization of $182.02 billion, a price-to-earnings ratio of 19.01, a PEG ratio of 1.60 and a beta of 1.09. The company has a debt-to-equity ratio of 2.13, a quick ratio of 2.65 and a current ratio of 2.65. Oracle Co. has a 52-week low of $42.40 and a 52-week high of $55.53.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Thursday, March 14th. The enterprise software provider reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.02. The business had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.59 billion. Oracle had a return on equity of 34.03% and a net margin of 27.14%. The company’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.83 earnings per share. Equities research analysts anticipate that Oracle Co. will post 3.09 earnings per share for the current year.

ORCL has been the topic of several research analyst reports. Credit Suisse Group restated a “buy” rating and set a $60.00 target price on shares of Oracle in a research report on Monday, March 18th. JPMorgan Chase & Co. restated a “neutral” rating and set a $53.00 target price on shares of Oracle in a research report on Wednesday, March 13th. Goldman Sachs Group restated a “buy” rating and set a $55.00 target price on shares of Oracle in a research report on Thursday, February 14th. Wedbush upped their target price on Oracle from $49.00 to $52.00 and gave the company a “neutral” rating in a research report on Friday, March 15th. Finally, Exane BNP Paribas initiated coverage on Oracle in a research report on Friday, March 29th. They set a “neutral” rating and a $50.00 target price on the stock. Three research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $53.11.

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Oracle Company Profile

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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