Argent Trust Co increased its holdings in shares of Oracle Co. (NYSE:ORCL) by 1.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 70,924 shares of the enterprise software provider’s stock after acquiring an additional 860 shares during the period. Argent Trust Co’s holdings in Oracle were worth $4,977,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. J.W. Cole Advisors Inc. raised its stake in Oracle by 37.4% during the first quarter. J.W. Cole Advisors Inc. now owns 25,207 shares of the enterprise software provider’s stock worth $1,769,000 after purchasing an additional 6,861 shares during the period. SOA Wealth Advisors LLC. grew its holdings in shares of Oracle by 6.8% during the 1st quarter. SOA Wealth Advisors LLC. now owns 22,517 shares of the enterprise software provider’s stock worth $1,580,000 after purchasing an additional 1,427 shares during the period. Stockman Wealth Management Inc. lifted its position in Oracle by 3.9% in the first quarter. Stockman Wealth Management Inc. now owns 47,612 shares of the enterprise software provider’s stock valued at $3,341,000 after buying an additional 1,773 shares during the last quarter. Welch Group LLC boosted its stake in Oracle by 62.2% during the first quarter. Welch Group LLC now owns 28,444 shares of the enterprise software provider’s stock worth $1,996,000 after buying an additional 10,913 shares during the period. Finally, Alliancebernstein L.P. increased its position in shares of Oracle by 20.9% during the first quarter. Alliancebernstein L.P. now owns 14,703,345 shares of the enterprise software provider’s stock valued at $1,031,734,000 after acquiring an additional 2,539,796 shares during the last quarter. 45.50% of the stock is owned by institutional investors and hedge funds.
In other Oracle news, EVP Dorian Daley sold 100,000 shares of the company’s stock in a transaction dated Tuesday, March 16th. The stock was sold at an average price of $66.99, for a total transaction of $6,699,000.00. Following the completion of the sale, the executive vice president now directly owns 100,000 shares in the company, valued at $6,699,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the firm’s stock in a transaction dated Friday, May 14th. The stock was sold at an average price of $78.71, for a total value of $88,548,750.00. Following the completion of the transaction, the chairman now owns 1,139,857,353 shares in the company, valued at $89,718,172,254.63. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,433,000 shares of company stock worth $699,611,560. 39.10% of the stock is owned by corporate insiders.
Oracle (NYSE:ORCL) last announced its earnings results on Tuesday, March 9th. The enterprise software provider reported $1.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.05. Oracle had a net margin of 32.32% and a return on equity of 116.15%. The firm had revenue of $10.09 billion for the quarter, compared to analyst estimates of $10.07 billion. During the same quarter last year, the business earned $0.97 earnings per share. Oracle’s revenue was up 3.0% compared to the same quarter last year. On average, equities analysts forecast that Oracle Co. will post 3.96 EPS for the current fiscal year.
Several equities analysts recently issued reports on the company. Cowen raised their target price on Oracle from $77.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, April 22nd. Evercore ISI assumed coverage on shares of Oracle in a report on Monday, March 22nd. They set an “in-line” rating and a $66.00 target price on the stock. Citigroup started coverage on Oracle in a report on Wednesday, March 3rd. They issued a “neutral” rating and a $65.00 target price for the company. Wedbush initiated coverage on Oracle in a report on Wednesday, March 31st. They set a “neutral” rating and a $54.00 price target on the stock. Finally, Monness Crespi & Hardt upped their target price on shares of Oracle from $82.00 to $93.00 and gave the stock a “buy” rating in a research note on Thursday, March 11th. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and nine have given a buy rating to the company. Oracle currently has an average rating of “Hold” and an average target price of $72.84.
Oracle Corporation provides products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle enterprise resource planning (ERP) cloud, Oracle enterprise and performance management cloud, Oracle supply chain management cloud, Oracle human capital management cloud, Oracle customer experience cloud, and NetSuite application suite.
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