The Westbourne Investment Advisors Inc. Reduces Position in Oracle Co. (ORCL)

The Westbourne Investment Advisors Inc. Reduces Position in Oracle Co. (ORCL)

Other institutional investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC purchased a new position in Oracle during the third quarter valued at about $2,544,000. Wetherby Asset Management Inc. raised its position in Oracle by 0.4% in the fourth quarter. Wetherby Asset Management Inc. now owns 67,301 shares of the enterprise software provider’s stock valued at $2,587,000 after buying an additional 248 shares during the last quarter. Majedie Asset Management Ltd raised its position in Oracle by 2.5% in the third quarter. Majedie Asset Management Ltd now owns 159,946 shares of the enterprise software provider’s stock valued at $6,283,000 after buying an additional 3,859 shares during the last quarter. Quest Investment Management Inc. OR raised its position in Oracle by 259.6% in the fourth quarter. Quest Investment Management Inc. OR now owns 21,399 shares of the enterprise software provider’s stock valued at $823,000 after buying an additional 15,449 shares during the last quarter. Finally, Bessemer Group Inc. raised its position in Oracle by 23.8% in the fourth quarter. Bessemer Group Inc. now owns 3,820,492 shares of the enterprise software provider’s stock valued at $146,898,000 after buying an additional 735,287 shares during the last quarter. Institutional investors and hedge funds own 57.95% of the company’s stock.

Westbourne Investment Advisors Inc. cut its stake in shares of Oracle Co. (NYSE:ORCL) by 2.5% during the first quarter, Holdings Channel reports. The fund owned 11,800 shares of the enterprise software provider’s stock after selling 300 shares during the period. Westbourne Investment Advisors Inc.’s holdings in Oracle were worth $526,000 at the end of the most recent quarter.

Shares of Oracle Co. (ORCL) opened at 45.66 on Monday. Oracle Co. has a 1-year low of $37.62 and a 1-year high of $46.99. The stock has a market capitalization of $187.88 billion, a PE ratio of 21.60 and a beta of 1.14. The firm has a 50-day moving average of $44.97 and a 200 day moving average of $42.17. Oracle also saw some unusual options trading activity on Friday. Investors purchased 4,198 put options on the stock. This represents an increase of 791% compared to the typical volume of 471 put options.

Oracle (NYSE:ORCL) last announced its earnings results on Wednesday, March 15th. The enterprise software provider reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.07. The company had revenue of $9.27 billion during the quarter, compared to analyst estimates of $9.25 billion. Oracle had a net margin of 23.69% and a return on equity of 21.33%. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.64 earnings per share. Analysts predict that Oracle Co. will post $2.63 EPS for the current year.

ORCL has been the topic of several recent analyst reports. Bank of America Corp boosted their target price on shares of Oracle to $54.00 in a report on Thursday, March 16th. Canaccord Genuity restated a “buy” rating and issued a $45.00 target price on shares of Oracle in a report on Friday, February 24th. Zacks Investment Research upgraded shares of Oracle from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a report on Tuesday, May 16th. TheStreet upgraded shares of Oracle from a “c+” rating to a “b” rating in a report on Tuesday, February 28th. Finally, Cowen and Company reiterated an “outperform” rating and set a $46.00 price objective on shares of Oracle in a report on Saturday, March 11th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $46.42.

In other Oracle news, insider Jeffrey Henley sold 400,000 shares of Oracle stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $46.61, for a total transaction of $18,644,000.00. Following the transaction, the insider now owns 400,000 shares of the company’s stock, valued at $18,644,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of Oracle stock in a transaction that occurred on Wednesday, March 15th. The shares were sold at an average price of $42.86, for a total transaction of $160,725.00. Following the transaction, the director now directly owns 8,281 shares in the company, valued at approximately $354,923.66. The disclosure for this sale can be found here. Insiders have sold 6,834,841 shares of company stock valued at $309,094,949 over the last 90 days. 29.00% of the stock is currently owned by company insiders. 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”});

Want to see what other hedge funds are holding ORCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oracle Co. (NYSE:ORCL). 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.

Want to see what other hedge funds are holding ORCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oracle Co. (NYSE:ORCL).

Related posts

Leave a Comment