Oracle Corporation (ORCL) Position Trimmed by Bridgewater Associates LP

Bridgewater Associates LP reduced its stake in Oracle Corporation (NYSE:ORCL) by 70.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,347 shares of the enterprise software provider’s stock after selling 85,943 shares during the quarter. Bridgewater Associates LP’s holdings in Oracle were worth $1,822,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in ORCL. Burt Wealth Advisors raised its stake in shares of Oracle by 4.3% during the second quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock worth $107,000 after acquiring an additional 88 shares in the last quarter. Baystate Wealth Management LLC raised its stake in shares of Oracle by 9.2% during the second quarter. Baystate Wealth Management LLC now owns 2,439 shares of the enterprise software provider’s stock worth $123,000 after acquiring an additional 206 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in shares of Oracle during the second quarter worth approximately $129,000. TrimTabs Asset Management LLC raised its stake in shares of Oracle by 88.8% during the first quarter. TrimTabs Asset Management LLC now owns 2,687 shares of the enterprise software provider’s stock worth $120,000 after acquiring an additional 1,264 shares in the last quarter. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its stake in shares of Oracle by 17.4% during the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 2,702 shares of the enterprise software provider’s stock worth $135,000 after acquiring an additional 400 shares in the last quarter. 57.70% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Jeffrey Berg sold 45,000 shares of the business’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $48.03, for a total transaction of $2,161,350.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director George H. Conrades sold 56,250 shares of the business’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $48.25, for a total transaction of $2,714,062.50. Following the sale, the director now owns 66,250 shares in the company, valued at approximately $3,196,562.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 305,776 shares of company stock worth $14,821,999. 29.00% of the stock is currently owned by company insiders.

Several research analysts have commented on ORCL shares. Vetr downgraded shares of Oracle from a “sell” rating to a “strong sell” rating and set a $46.58 price target on the stock. in a research note on Tuesday, September 12th. Rosenblatt Securities reissued a “buy” rating and set a $58.00 price target on shares of Oracle in a research note on Monday, September 11th. Canaccord Genuity started coverage on shares of Oracle in a research note on Friday, October 6th. They set a “buy” rating and a $57.00 price target on the stock. BTIG Research reissued a “buy” rating and set a $58.00 price target on shares of Oracle in a research note on Tuesday, September 19th. Finally, Moffett Nathanson started coverage on shares of Oracle in a research note on Wednesday, September 6th. They set a “buy” rating and a $65.00 price target on the stock. Twelve research analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $54.77.

Oracle Corporation (NYSE ORCL) traded down $0.41 during trading hours on Wednesday, reaching $47.99. 17,858,801 shares of the company traded hands, compared to its average volume of 13,261,195. The company has a market capitalization of $201,996.72, a PE ratio of 18.98, a P/E/G ratio of 1.84 and a beta of 1.05. Oracle Corporation has a twelve month low of $38.30 and a twelve month high of $53.14. The company has a current ratio of 3.63, a quick ratio of 3.61 and a debt-to-equity ratio of 0.86.

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 business had revenue of $9.21 billion for the quarter, compared to analysts’ expectations of $9.03 billion. Oracle had a net margin of 25.34% and a return on equity of 20.55%. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.55 earnings per share. analysts predict that Oracle Corporation will post 2.68 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Oracle Corporation (ORCL) Position Trimmed by Bridgewater Associates LP” was originally reported by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this piece on another domain, it was illegally stolen and republished in violation of US and international copyright legislation. The original version of this piece can be accessed at https://stocknewstimes.com/2017/12/06/oracle-corporation-orcl-position-trimmed-by-bridgewater-associates-lp.html.

Oracle 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.

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

Receive News & Ratings for Oracle Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply