High Pointe Capital Management LLC Reduces Holdings in Oracle Co. (NYSE:ORCL)

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High Pointe Capital Management LLC reduced its holdings in shares of Oracle Co. (NYSE:ORCL) by 55.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 14,290 shares of the enterprise software provider’s stock after selling 17,710 shares during the period. High Pointe Capital Management LLC’s holdings in Oracle were worth $853,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of ORCL. Okabena Investment Services Inc. purchased a new position in Oracle during the 2nd quarter worth $34,000. Price Wealth LLC grew its position in Oracle by 153.0% during the 3rd quarter. Price Wealth LLC now owns 587 shares of the enterprise software provider’s stock worth $35,000 after purchasing an additional 355 shares during the last quarter. Atticus Wealth Management LLC grew its position in Oracle by 74.5% during the 3rd quarter. Atticus Wealth Management LLC now owns 698 shares of the enterprise software provider’s stock worth $42,000 after purchasing an additional 298 shares during the last quarter. Rockbridge Investment Management LCC purchased a new position in Oracle during the 2nd quarter worth $44,000. Finally, Canton Hathaway LLC grew its position in Oracle by 33.3% during the 3rd quarter. Canton Hathaway LLC now owns 800 shares of the enterprise software provider’s stock worth $48,000 after purchasing an additional 200 shares during the last quarter. 48.24% of the stock is currently owned by institutional investors.

Several analysts have recently commented on ORCL shares. The Goldman Sachs Group raised their target price on shares of Oracle from $61.00 to $69.00 and gave the stock a “buy” rating in a research note on Friday, September 11th. Bank of America raised their target price on shares of Oracle from $60.00 to $65.00 and gave the stock a “neutral” rating in a research note on Friday, September 11th. Morgan Stanley raised their target price on shares of Oracle from $58.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Friday, September 11th. Sanford C. Bernstein restated a “buy” rating and issued a $70.00 target price on shares of Oracle in a research note on Monday, September 14th. Finally, Jefferies Financial Group raised their target price on shares of Oracle from $55.00 to $65.00 and gave the stock a “hold” rating in a research note on Friday, September 11th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and eleven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $60.68.

In other news, EVP Dorian Daley sold 112,500 shares of Oracle stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $60.95, for a total transaction of $6,856,875.00. Following the completion of the sale, the executive vice president now directly owns 112,500 shares in the company, valued at $6,856,875. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO W Corey West sold 7,021 shares of Oracle stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $61.02, for a total transaction of $428,421.42. Following the sale, the chief accounting officer now owns 292,474 shares of the company’s stock, valued at $17,846,763.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 129,673 shares of company stock valued at $7,906,167. 39.10% of the stock is currently owned by company insiders.

ORCL traded down $0.75 during midday trading on Friday, reaching $55.70. 8,397,531 shares of the company’s stock were exchanged, compared to its average volume of 13,115,466. The company has a debt-to-equity ratio of 6.68, a current ratio of 2.66 and a quick ratio of 2.66. The stock has a market capitalization of $167.71 billion, a PE ratio of 17.46, a P/E/G ratio of 1.76 and a beta of 0.79. The business’s 50-day moving average price is $58.39 and its 200 day moving average price is $56.14. Oracle Co. has a 1-year low of $39.71 and a 1-year high of $62.60.

Oracle (NYSE:ORCL) last announced its earnings results on Thursday, September 10th. The enterprise software provider reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.07. The company had revenue of $9.37 billion during the quarter, compared to analysts’ expectations of $9.15 billion. Oracle had a net margin of 26.13% and a return on equity of 85.71%. During the same quarter in the previous year, the business posted $0.81 earnings per share. As a group, analysts expect that Oracle Co. will post 3.77 EPS for the current fiscal year.

Oracle Company Profile

Oracle Corporation provides products and services that address enterprise information technology environments worldwide. The company's cloud and license business engages in the sale, marketing, and delivery of its applications and infrastructure technologies through cloud and on-premise deployment models, including cloud services and license support; and cloud license and on-premise license.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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