Geller Advisors LLC decreased its position in shares of Oracle Co. (NYSE:ORCL - Free Report) by 28.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,361 shares of the enterprise software provider's stock after selling 2,880 shares during the period. Geller Advisors LLC's holdings in Oracle were worth $1,254,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Drucker Wealth 3.0 LLC increased its holdings in shares of Oracle by 3.8% in the third quarter. Drucker Wealth 3.0 LLC now owns 15,648 shares of the enterprise software provider's stock valued at $2,666,000 after buying an additional 571 shares in the last quarter. SGL Investment Advisors Inc. acquired a new stake in shares of Oracle during the third quarter worth $276,000. EWA LLC boosted its position in shares of Oracle by 2.5% in the 3rd quarter. EWA LLC now owns 3,147 shares of the enterprise software provider's stock valued at $589,000 after purchasing an additional 77 shares during the period. Roffman Miller Associates Inc. PA increased its stake in Oracle by 13.0% in the 3rd quarter. Roffman Miller Associates Inc. PA now owns 92,996 shares of the enterprise software provider's stock worth $15,847,000 after purchasing an additional 10,717 shares in the last quarter. Finally, Glass Jacobson Investment Advisors llc lifted its stake in Oracle by 44.8% during the third quarter. Glass Jacobson Investment Advisors llc now owns 3,131 shares of the enterprise software provider's stock valued at $533,000 after buying an additional 968 shares in the last quarter. 42.44% of the stock is owned by institutional investors.
Shares of NYSE ORCL opened at $191.69 on Monday. The business has a fifty day moving average of $179.36 and a two-hundred day moving average of $154.20. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $196.04. The stock has a market cap of $531.18 billion, a PE ratio of 49.40, a PEG ratio of 3.49 and a beta of 1.03.
Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, beating analysts' consensus estimates of $1.33 by $0.06. The firm had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The company's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.95 earnings per share. As a group, equities research analysts expect that Oracle Co. will post 5.06 earnings per share for the current fiscal year.
In other Oracle news, EVP Maria Smith sold 6,320 shares of the company's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the transaction, the executive vice president now directly owns 42,889 shares in the company, valued at approximately $7,076,685. This represents a 12.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 42.20% of the stock is currently owned by corporate insiders.
A number of research firms have recently issued reports on ORCL. Mizuho boosted their price target on shares of Oracle from $170.00 to $185.00 and gave the company an "outperform" rating in a report on Tuesday, September 10th. Royal Bank of Canada reissued a "sector perform" rating and set a $165.00 target price on shares of Oracle in a research note on Thursday. Morgan Stanley upped their target price on Oracle from $125.00 to $145.00 and gave the company an "equal weight" rating in a report on Tuesday, September 10th. Citigroup raised their price target on shares of Oracle from $140.00 to $157.00 and gave the stock a "neutral" rating in a report on Wednesday, September 11th. Finally, Melius Research upgraded shares of Oracle from a "hold" rating to a "buy" rating in a research note on Monday, September 16th. Eleven analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $171.52.
Get Our Latest Research Report on ORCL
Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.
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