The IFC Holdings Incorporated FL Has $550,000 Position in Oracle Co. (ORCL)

The IFC Holdings Incorporated FL Has $550,000 Position in Oracle Co. (ORCL)

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ORCL. Norges Bank purchased a new position in Oracle during the fourth quarter worth $1,090,559,000. Russell Investments Group Ltd. purchased a new position in Oracle during the fourth quarter worth $473,593,000. Fiduciary Management Inc. WI purchased a new position in Oracle during the fourth quarter worth $263,566,000. Asset Management One Co. Ltd. boosted its position in Oracle by 1,534.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 5,640,219 shares of the enterprise software provider’s stock worth $216,961,000 after buying an additional 5,295,094 shares during the period. Finally, 1832 Asset Management L.P. boosted its position in Oracle by 698.9% in the third quarter. 1832 Asset Management L.P. now owns 3,851,183 shares of the enterprise software provider’s stock worth $151,263,000 after buying an additional 3,369,107 shares during the period. Institutional investors and hedge funds own 57.95% of the company’s stock.

IFC Holdings Incorporated FL boosted its position in shares of Oracle Co. (NYSE:ORCL) by 2.1% during the first quarter, according to its most recent filing with the SEC. The firm owned 12,321 shares of the enterprise software provider’s stock after buying an additional 256 shares during the period. IFC Holdings Incorporated FL’s holdings in Oracle were worth $550,000 at the end of the most recent reporting period.

Shares of Oracle Co. (ORCL) opened at 45.66 on Monday. The firm has a market cap of $187.88 billion, a PE ratio of 21.60 and a beta of 1.14. The stock’s 50 day moving average is $44.97 and its 200-day moving average is $42.17. Oracle Co. has a 52 week low of $37.62 and a 52 week high of $46.99. Oracle also was the target of unusually large options trading on Friday. Stock traders bought 4,198 put options on the stock. This represents an increase of approximately 791% compared to the typical volume of 471 put options.

A number of research analysts have recently commented on ORCL shares. Zacks Investment Research cut shares of Oracle from a “hold” rating to a “sell” rating in a report on Tuesday, March 14th. Societe Generale cut shares of Oracle from a “buy” rating to a “hold” rating and cut their price target for the stock from $51.00 to $50.00 in a report on Thursday, May 11th. Cowen and Company restated an “outperform” rating and issued a $46.00 price target on shares of Oracle in a report on Thursday, February 23rd. Bank of America Corp upped their price target on shares of Oracle to $54.00 in a report on Thursday, March 16th. Finally, Vetr upgraded shares of Oracle from a “hold” rating to a “buy” rating and set a $47.63 price target on the stock in a report on Thursday, February 23rd. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $46.42. In other news, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction that occurred on Wednesday, March 15th. The stock was sold at an average price of $42.86, for a total transaction of $160,725.00. Following the completion of the sale, the director now owns 8,281 shares in the company, valued at $354,923.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Safra Catz sold 3,000,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 21st. The stock was sold at an average price of $44.99, for a total value of $134,970,000.00. Following the sale, the chief executive officer now owns 3,461,860 shares of the company’s stock, valued at approximately $155,749,081.40. The disclosure for this sale can be found here. Insiders have sold 6,834,841 shares of company stock valued at $309,094,949 in the last 90 days. Company insiders own 29.00% of the company’s stock.

Oracle Company Profile 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “ORCL”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Receive News & Ratings for Oracle Co. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Oracle Co. and related companies with MarketBeat.com’s FREE daily email newsletter.

Related posts

Leave a Comment