First Interstate Bank decreased its stake in shares of Oracle Co. (NYSE:ORCL) by 8.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,984 shares of the enterprise software provider’s stock after selling 2,219 shares during the quarter. First Interstate Bank’s holdings in Oracle were worth $1,289,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of the stock. German American Bancorp Inc. increased its holdings in shares of Oracle by 3.4% during the 1st quarter. German American Bancorp Inc. now owns 62,030 shares of the enterprise software provider’s stock worth $3,331,000 after acquiring an additional 2,063 shares during the last quarter. Pinnacle Financial Partners Inc. increased its holdings in shares of Oracle by 7.1% during the 1st quarter. Pinnacle Financial Partners Inc. now owns 86,638 shares of the enterprise software provider’s stock worth $4,653,000 after acquiring an additional 5,729 shares during the last quarter. Telemus Capital LLC increased its holdings in shares of Oracle by 2.9% during the 1st quarter. Telemus Capital LLC now owns 29,780 shares of the enterprise software provider’s stock worth $1,599,000 after acquiring an additional 837 shares during the last quarter. Candriam Luxembourg S.C.A. boosted its stake in Oracle by 4.1% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 842,543 shares of the enterprise software provider’s stock valued at $46,543,000 after purchasing an additional 33,300 shares during the period. Finally, Prospera Financial Services Inc bought a new stake in Oracle in the 1st quarter valued at $255,000. 53.15% of the stock is currently owned by institutional investors and hedge funds.
NYSE:ORCL opened at $53.62 on Thursday. The firm has a market cap of $182.02 billion, a PE ratio of 19.01, a P/E/G ratio of 1.60 and a beta of 1.09. The company has a quick ratio of 2.65, a current ratio of 2.65 and a debt-to-equity ratio of 2.13. Oracle Co. has a fifty-two week low of $42.40 and a fifty-two week high of $55.53.
Oracle (NYSE:ORCL) last released its earnings results on Thursday, March 14th. The enterprise software provider reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.02. The firm had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.59 billion. Oracle had a return on equity of 34.03% and a net margin of 27.14%. The company’s revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.83 EPS. On average, research analysts expect that Oracle Co. will post 3.09 earnings per share for the current year.
In other news, CEO Mark V. Hurd sold 1,200,000 shares of the business’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $53.83, for a total transaction of $64,596,000.00. Following the completion of the transaction, the chief executive officer now owns 1,664,227 shares of the company’s stock, valued at approximately $89,585,339.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $54.52, for a total value of $204,450.00. Following the transaction, the director now directly owns 27,969 shares of the company’s stock, valued at approximately $1,524,869.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,473,750 shares of company stock valued at $133,883,350. Corporate insiders own 32.00% of the company’s stock.
ORCL has been the subject of several recent research reports. Goldman Sachs Group restated a “buy” rating and issued a $55.00 price target on shares of Oracle in a research note on Thursday, February 14th. Credit Suisse Group restated a “buy” rating and issued a $60.00 price target on shares of Oracle in a research note on Monday, February 18th. Standpoint Research downgraded Oracle from a “buy” rating to a “hold” rating in a research note on Tuesday, February 19th. Zacks Investment Research upgraded Oracle from a “sell” rating to a “hold” rating in a research note on Thursday, February 21st. Finally, Nomura restated a “reduce” rating and issued a $42.00 price target (down from $53.00) on shares of Oracle in a research note on Monday, March 11th. Three investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have given a buy rating to the company. Oracle has a consensus rating of “Hold” and an average price target of $53.11.
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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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