Forum Financial Management LP Trims Stake in Oracle Co. (NYSE:ORCL)

Forum Financial Management LP lessened its stake in Oracle Co. (NYSE:ORCLGet Rating) by 3.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,612 shares of the enterprise software provider’s stock after selling 375 shares during the period. Forum Financial Management LP’s holdings in Oracle were worth $795,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Graticule Asia Macro Advisors LLC acquired a new position in shares of Oracle during the first quarter worth $304,000. Harris Associates L P increased its position in shares of Oracle by 1.2% in the 1st quarter. Harris Associates L P now owns 6,798,292 shares of the enterprise software provider’s stock valued at $562,423,000 after acquiring an additional 81,182 shares during the period. 1832 Asset Management L.P. increased its position in shares of Oracle by 19.3% in the 1st quarter. 1832 Asset Management L.P. now owns 1,254,232 shares of the enterprise software provider’s stock valued at $102,343,000 after acquiring an additional 203,177 shares during the period. Cable Hill Partners LLC grew its position in Oracle by 10.5% during the 1st quarter. Cable Hill Partners LLC now owns 16,865 shares of the enterprise software provider’s stock worth $1,395,000 after purchasing an additional 1,609 shares during the period. Finally, Captrust Financial Advisors grew its position in Oracle by 6.4% during the 1st quarter. Captrust Financial Advisors now owns 521,652 shares of the enterprise software provider’s stock worth $43,156,000 after purchasing an additional 31,505 shares during the period. Hedge funds and other institutional investors own 41.92% of the company’s stock.

Insider Buying and Selling at Oracle

In related news, CEO Safra Catz sold 1,000,000 shares of Oracle stock in a transaction on Friday, June 17th. The shares were sold at an average price of $68.08, for a total value of $68,080,000.00. Following the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at $76,153,743.36. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Safra Catz sold 1,000,000 shares of Oracle stock in a transaction dated Friday, June 17th. The stock was sold at an average price of $68.08, for a total value of $68,080,000.00. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $76,153,743.36. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Edward Screven sold 419,174 shares of Oracle stock in a transaction dated Wednesday, June 29th. The stock was sold at an average price of $69.22, for a total value of $29,015,224.28. Following the completion of the sale, the insider now owns 2,492,613 shares of the company’s stock, valued at $172,538,671.86. The disclosure for this sale can be found here. Insiders have sold 3,399,174 shares of company stock worth $232,369,224 over the last ninety days. Insiders own 43.40% of the company’s stock.

Oracle Stock Up 1.5 %

ORCL stock opened at $77.08 on Tuesday. The firm has a market capitalization of $205.41 billion, a PE ratio of 32.12, a P/E/G ratio of 2.14 and a beta of 0.87. The stock’s 50 day moving average is $75.00 and its 200-day moving average is $74.94. Oracle Co. has a twelve month low of $63.76 and a twelve month high of $106.34.

Oracle (NYSE:ORCLGet Rating) last issued its earnings results on Monday, September 12th. The enterprise software provider reported $1.03 earnings per share for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.04). The business had revenue of $11.45 billion for the quarter, compared to the consensus estimate of $11.44 billion. Oracle had a negative return on equity of 193.58% and a net margin of 15.83%. Oracle’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.87 EPS. On average, equities research analysts anticipate that Oracle Co. will post 4.43 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ORCL. Exane BNP Paribas raised Oracle from a “neutral” rating to an “outperform” rating in a research report on Wednesday, June 29th. Stifel Nicolaus decreased their price target on shares of Oracle from $83.00 to $72.00 in a research note on Tuesday, June 14th. Jefferies Financial Group set a $80.00 target price on Oracle in a report on Monday. Citigroup set a $81.00 target price on Oracle in a report on Monday, June 20th. Finally, Morgan Stanley increased their price target on Oracle from $88.00 to $90.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 20th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $89.77.

Oracle Profile

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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 Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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