The Oracle Co. (ORCL) is Foster & Motley Inc.’s 9th Largest Position

The Oracle Co. (ORCL) is Foster & Motley Inc.’s 9th Largest Position

Other institutional investors also recently added to or reduced their stakes in the company. Norges Bank bought a new position in Oracle during the fourth quarter valued at approximately $1,090,559,000. Russell Investments Group Ltd. bought a new position in Oracle during the fourth quarter valued at approximately $473,593,000. Fiduciary Management Inc. WI bought a new position in Oracle during the fourth quarter valued at approximately $263,566,000. Asset Management One Co. Ltd. increased 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 valued at $216,961,000 after buying an additional 5,295,094 shares during the period. Finally, 1832 Asset Management L.P. increased 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 valued at $151,263,000 after buying an additional 3,369,107 shares during the period. 57.95% of the stock is currently owned by hedge funds and other institutional investors.

Foster & Motley Inc. increased its stake in Oracle Co. (NYSE:ORCL) by 2.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 231,940 shares of the enterprise software provider’s stock after buying an additional 6,200 shares during the period. Oracle comprises 1.9% of Foster & Motley Inc.’s portfolio, making the stock its 9th largest position. Foster & Motley Inc.’s holdings in Oracle were worth $10,347,000 at the end of the most recent reporting period.

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

ORCL has been the topic of several research analyst reports. Zacks Investment Research downgraded shares of Oracle from a “hold” rating to a “sell” rating in a report on Tuesday, March 14th. Societe Generale downgraded shares of Oracle from a “buy” rating to a “hold” rating and lowered their target price for the stock from $51.00 to $50.00 in a report on Thursday, May 11th. Cowen and Company reissued an “outperform” rating and issued a $46.00 target price on shares of Oracle in a report on Thursday, February 23rd. Bank of America Corp boosted their target price on shares of Oracle to $54.00 in a report on Thursday, March 16th. Finally, Vetr raised shares of Oracle from a “hold” rating to a “buy” rating and set a $47.63 target price on the stock in a report on Thursday, February 23rd. One equities research 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 given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $46.42. In other news, CEO Mark V. Hurd sold 700,000 shares of the business’s stock in a transaction dated Thursday, March 16th. The stock was sold at an average price of $46.44, for a total transaction of $32,508,000.00. Following the completion of the transaction, the chief executive officer now directly owns 903,891 shares of the company’s stock, valued at $41,976,698.04. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $45.25, for a total value of $169,687.50. Following the transaction, the director now directly owns 8,281 shares of the company’s stock, valued at $374,715.25. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,834,841 shares of company stock valued at $309,094,949. Corporate insiders own 29.00% of the company’s stock.

About Oracle 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