Manchester Capital Management LLC lessened its holdings in shares of Oracle Corporation (NYSE:ORCL) by 23.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,008 shares of the enterprise software provider’s stock after selling 4,850 shares during the period. Manchester Capital Management LLC’s holdings in Oracle were worth $803,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Los Angeles Capital Management & Equity Research Inc. lifted its position in Oracle by 17.9% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 617,965 shares of the enterprise software provider’s stock valued at $30,985,000 after acquiring an additional 93,751 shares in the last quarter. Heritage Trust Co lifted its position in Oracle by 25.1% in the 2nd quarter. Heritage Trust Co now owns 3,627 shares of the enterprise software provider’s stock valued at $182,000 after acquiring an additional 727 shares in the last quarter. Calamos Wealth Management LLC lifted its holdings in shares of Oracle by 0.4% during the 2nd quarter. Calamos Wealth Management LLC now owns 19,893 shares of the enterprise software provider’s stock valued at $997,000 after buying an additional 73 shares during the period. Guyasuta Investment Advisors Inc. bought a new position in shares of Oracle during the 2nd quarter valued at $13,849,000. Finally, Meiji Yasuda Life Insurance Co lifted its holdings in shares of Oracle by 1.0% during the 2nd quarter. Meiji Yasuda Life Insurance Co now owns 71,364 shares of the enterprise software provider’s stock valued at $3,578,000 after buying an additional 700 shares during the period. Institutional investors own 57.70% of the company’s stock.
A number of brokerages have issued reports on ORCL. Zacks Investment Research lowered Oracle from a “buy” rating to a “hold” rating in a research note on Wednesday. Royal Bank Of Canada raised their price objective on shares of Oracle to $53.00 and gave the stock an “outperform” rating in a research note on Wednesday. Moffett Nathanson began coverage on shares of Oracle in a research note on Wednesday, September 6th. They issued a “buy” rating and a $65.00 price objective for the company. Vetr raised shares of Oracle from a “strong sell” rating to a “sell” rating and set a $46.58 price objective for the company in a research note on Monday, September 18th. Finally, BidaskClub downgraded shares of Oracle from a “buy” rating to a “hold” rating in a research note on Wednesday, September 20th. Twelve analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $54.77.
Shares of Oracle Corporation (NYSE:ORCL) traded down $0.41 during mid-day trading on Wednesday, reaching $47.99. The company’s stock had a trading volume of 17,858,801 shares, compared to its average volume of 13,261,195. Oracle Corporation has a 52-week low of $38.30 and a 52-week high of $53.14. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.61 and a current ratio of 3.63. The company has a market capitalization of $201,996.72, a price-to-earnings ratio of 18.98, a P/E/G ratio of 1.84 and a beta of 1.05.
Oracle (NYSE:ORCL) last released its quarterly earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.02. The firm had revenue of $9.21 billion for the quarter, compared to analysts’ expectations of $9.03 billion. Oracle had a return on equity of 20.55% and a net margin of 25.34%. The company’s revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.55 EPS. equities analysts expect that Oracle Corporation will post 2.68 earnings per share for the current fiscal year.
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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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