Cypress Wealth Advisors LLC trimmed its holdings in Oracle Corporation (NYSE:ORCL) by 37.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,054 shares of the enterprise software provider’s stock after selling 14,109 shares during the period. Oracle accounts for 1.4% of Cypress Wealth Advisors LLC’s holdings, making the stock its 20th largest position. Cypress Wealth Advisors LLC’s holdings in Oracle were worth $1,206,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Acrospire Investment Management LLC raised its position in Oracle by 947.4% during the second quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock valued at $100,000 after purchasing an additional 1,800 shares in the last quarter. Burt Wealth Advisors raised its position in Oracle by 4.3% during the second quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock valued at $107,000 after purchasing an additional 88 shares in the last quarter. TrimTabs Asset Management LLC raised its position in Oracle by 88.8% during the first quarter. TrimTabs Asset Management LLC now owns 2,687 shares of the enterprise software provider’s stock valued at $120,000 after purchasing an additional 1,264 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in Oracle during the second quarter valued at approximately $129,000. Finally, Heritage Trust Co acquired a new position in Oracle during the first quarter valued at approximately $130,000. Institutional investors own 57.70% of the company’s stock.
Shares of Oracle Corporation (NYSE ORCL) traded down $0.08 during trading on Wednesday, hitting $50.39. 17,463,900 shares of the company traded hands, compared to its average volume of 13,295,502. The company has a current ratio of 3.63, a quick ratio of 3.61 and a debt-to-equity ratio of 0.86. Oracle Corporation has a one year low of $38.30 and a one year high of $53.14. The company has a market capitalization of $210,635.83, a PE ratio of 19.79, a price-to-earnings-growth ratio of 1.92 and a beta of 1.05.
Several research analysts have commented on ORCL shares. Zacks Investment Research downgraded shares of Oracle from a “buy” rating to a “hold” rating in a research report on Thursday, August 17th. Royal Bank of Canada restated a “buy” rating and set a $53.00 price objective on shares of Oracle in a research report on Sunday, August 27th. ValuEngine upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Vetr downgraded shares of Oracle from a “buy” rating to a “hold” rating and set a $46.58 price objective for the company. in a research report on Sunday, September 3rd. Finally, Credit Suisse Group began coverage on shares of Oracle in a research report on Tuesday, September 5th. They set an “outperform” rating and a $62.00 price objective for the company. Thirteen research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $55.05.
In other Oracle news, Director George H. Conrades sold 11,250 shares of the company’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $48.10, for a total transaction of $541,125.00. Following the sale, the director now owns 10,000 shares of the company’s stock, valued at $481,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $50.35, for a total transaction of $188,812.50. Following the sale, the director now directly owns 18,125 shares in the company, valued at approximately $912,593.75. The disclosure for this sale can be found here. In the last three months, insiders sold 305,776 shares of company stock worth $14,821,999. 29.00% of the stock is currently owned by insiders.
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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