Sun Life Financial INC grew its holdings in Oracle Corporation (NYSE:ORCL) by 55,251.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,853 shares of the enterprise software provider’s stock after acquiring an additional 39,781 shares during the period. Sun Life Financial INC’s holdings in Oracle were worth $2,001,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in ORCL. Morningstar Investment Services LLC lifted its position in shares of Oracle by 0.8% in the first quarter. Morningstar Investment Services LLC now owns 1,122,953 shares of the enterprise software provider’s stock worth $50,095,000 after buying an additional 9,398 shares in the last quarter. DE Burlo Group Inc. purchased a new stake in shares of Oracle in the first quarter worth about $205,000. Allegis Investment Advisors LLC lifted its position in shares of Oracle by 172.5% in the first quarter. Allegis Investment Advisors LLC now owns 17,767 shares of the enterprise software provider’s stock worth $793,000 after buying an additional 11,248 shares in the last quarter. Lincoln National Corp lifted its position in shares of Oracle by 6.3% in the first quarter. Lincoln National Corp now owns 9,422 shares of the enterprise software provider’s stock worth $420,000 after buying an additional 555 shares in the last quarter. Finally, Thomaspartners Inc. lifted its position in shares of Oracle by 9.5% in the first quarter. Thomaspartners Inc. now owns 4,337,983 shares of the enterprise software provider’s stock worth $193,517,000 after buying an additional 374,570 shares in the last quarter. Institutional investors and hedge funds own 57.70% of the company’s stock.
Shares of Oracle Corporation (NYSE:ORCL) traded up $0.67 during midday trading on Monday, hitting $50.27. The company had a trading volume of 3,974,260 shares, compared to its average volume of 13,267,127. The company has a quick ratio of 3.61, a current ratio of 3.63 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $207,004.89, a price-to-earnings ratio of 19.45, a price-to-earnings-growth ratio of 1.89 and a beta of 1.05. Oracle Corporation has a 12-month low of $38.30 and a 12-month high of $53.14.
Several brokerages have weighed in on ORCL. Royal Bank Of Canada boosted their price objective on Oracle to $53.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 6th. Zacks Investment Research cut Oracle from a “buy” rating to a “hold” rating in a research note on Wednesday, December 6th. Drexel Hamilton reissued a “buy” rating and set a $62.00 price objective on shares of Oracle in a research note on Monday, October 2nd. BTIG Research reissued a “buy” rating and set a $58.00 price objective on shares of Oracle in a research note on Tuesday, September 19th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $53.00 price objective (up from $52.00) on shares of Oracle in a research note on Saturday, September 16th. Twelve analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $55.04.
In related news, Director Jeffrey Berg sold 45,000 shares of the business’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $48.03, for a total value of $2,161,350.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Dorian Daley sold 25,776 shares of the business’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $48.05, for a total value of $1,238,536.80. Following the completion of the sale, the executive vice president now owns 30,977 shares of the company’s stock, valued at approximately $1,488,444.85. The disclosure for this sale can be found here. Insiders sold 305,776 shares of company stock valued at $14,821,999 in the last quarter. 29.00% of the stock is owned by company insiders.
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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.
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