Ardsley Advisory Partners LP Sells 50,000 Shares of Oracle Corporation $ORCL

Ardsley Advisory Partners LP reduced its holdings in shares of Oracle Corporation (NYSE:ORCL) by 33.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 100,000 shares of the enterprise software provider’s stock after selling 50,000 shares during the period. Oracle accounts for approximately 2.9% of Ardsley Advisory Partners LP’s investment portfolio, making the stock its 5th biggest holding. Ardsley Advisory Partners LP’s holdings in Oracle were worth $21,863,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Snider Financial Group boosted its holdings in shares of Oracle by 1.3% during the 2nd quarter. Snider Financial Group now owns 3,204 shares of the enterprise software provider’s stock worth $701,000 after buying an additional 40 shares in the last quarter. SNS Financial Group LLC lifted its position in shares of Oracle by 0.9% during the 2nd quarter. SNS Financial Group LLC now owns 4,896 shares of the enterprise software provider’s stock valued at $1,070,000 after acquiring an additional 42 shares during the period. PKS Advisory Services LLC boosted its stake in Oracle by 1.9% during the second quarter. PKS Advisory Services LLC now owns 2,211 shares of the enterprise software provider’s stock worth $483,000 after acquiring an additional 42 shares in the last quarter. Reyes Financial Architecture Inc. boosted its stake in Oracle by 7.2% during the second quarter. Reyes Financial Architecture Inc. now owns 643 shares of the enterprise software provider’s stock worth $141,000 after acquiring an additional 43 shares in the last quarter. Finally, Creative Capital Management Investments LLC grew its holdings in Oracle by 5.7% in the second quarter. Creative Capital Management Investments LLC now owns 798 shares of the enterprise software provider’s stock worth $174,000 after purchasing an additional 43 shares during the period. 42.44% of the stock is owned by institutional investors.

Insider Activity at Oracle

In related news, insider Michael D. Sicilia sold 33,845 shares of the firm’s stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $321.16, for a total transaction of $10,869,660.20. Following the completion of the sale, the insider owned 132,656 shares in the company, valued at approximately $42,603,800.96. This trade represents a 20.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Stuart Levey sold 19,758 shares of the business’s stock in a transaction dated Friday, October 10th. The shares were sold at an average price of $300.00, for a total transaction of $5,927,400.00. Following the completion of the transaction, the executive vice president owned 18,429 shares in the company, valued at approximately $5,528,700. The trade was a 51.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 204,254 shares of company stock valued at $60,227,807 in the last 90 days. 40.90% of the stock is currently owned by company insiders.

Oracle Stock Performance

Shares of Oracle stock opened at $221.70 on Wednesday. The business’s fifty day simple moving average is $250.65 and its 200 day simple moving average is $241.02. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 3.33. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $345.72. The firm has a market capitalization of $632.02 billion, a P/E ratio of 51.32, a price-to-earnings-growth ratio of 2.50 and a beta of 1.66.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Tuesday, September 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The business had revenue of $14.93 billion during the quarter, compared to the consensus estimate of $15.04 billion. Oracle had a net margin of 21.08% and a return on equity of 72.93%. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.39 EPS. As a group, analysts anticipate that Oracle Corporation will post 5 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ORCL. Robert W. Baird dropped their price objective on shares of Oracle from $365.00 to $315.00 and set an “outperform” rating on the stock in a report on Tuesday, November 18th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $375.00 target price on shares of Oracle in a research report on Wednesday, November 26th. Evercore ISI increased their price target on Oracle from $350.00 to $385.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. BNP Paribas set a $377.00 price objective on Oracle in a report on Wednesday, September 10th. Finally, Mizuho increased their target price on Oracle from $300.00 to $350.00 and gave the stock an “outperform” rating in a report on Wednesday, September 10th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $320.84.

About Oracle

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.