Oracle Corporation (ORCL) Shares Sold by Metropolitan Life Insurance Co. NY

Metropolitan Life Insurance Co. NY lessened its holdings in shares of Oracle Corporation (NYSE:ORCL) by 1.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,493,416 shares of the enterprise software provider’s stock after selling 22,473 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Oracle Corporation were worth $66,621,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in ORCL. Howe & Rusling Inc. grew its holdings in shares of Oracle Corporation by 2.1% during the 1st quarter. Howe & Rusling Inc. now owns 4,157 shares of the enterprise software provider’s stock worth $185,000 after acquiring an additional 84 shares during the period. Beese Fulmer Investment Management Inc. grew its holdings in shares of Oracle Corporation by 0.7% during the 1st quarter. Beese Fulmer Investment Management Inc. now owns 5,771 shares of the enterprise software provider’s stock worth $257,000 after acquiring an additional 38 shares during the period. Washington Trust Bank grew its holdings in shares of Oracle Corporation by 0.7% during the 1st quarter. Washington Trust Bank now owns 84,695 shares of the enterprise software provider’s stock worth $3,778,000 after acquiring an additional 566 shares during the period. Reilly Financial Advisors LLC grew its holdings in shares of Oracle Corporation by 8.7% during the 1st quarter. Reilly Financial Advisors LLC now owns 2,503 shares of the enterprise software provider’s stock worth $112,000 after acquiring an additional 200 shares during the period. Finally, Reliance Trust Co. of Delaware grew its holdings in shares of Oracle Corporation by 18.9% during the 1st quarter. Reliance Trust Co. of Delaware now owns 60,273 shares of the enterprise software provider’s stock worth $2,689,000 after acquiring an additional 9,600 shares during the period. Institutional investors own 58.67% of the company’s stock.

In related news, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $48.86, for a total value of $183,225.00. Following the completion of the sale, the director now owns 18,125 shares in the company, valued at $885,587.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP W Corey West sold 150,000 shares of the firm’s stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $51.39, for a total transaction of $7,708,500.00. Following the completion of the sale, the executive vice president now owns 177,988 shares of the company’s stock, valued at approximately $9,146,803.32. The disclosure for this sale can be found here. Insiders sold a total of 1,817,500 shares of company stock valued at $91,560,925 in the last 90 days. Company insiders own 29.00% of the company’s stock.

Shares of Oracle Corporation (NYSE:ORCL) traded up 1.57% during trading on Monday, hitting $52.39. 6,237,927 shares of the stock were exchanged. The stock’s 50 day moving average price is $49.78 and its 200-day moving average price is $46.71. The company has a market cap of $216.72 billion, a price-to-earnings ratio of 23.71 and a beta of 1.05. Oracle Corporation has a one year low of $37.62 and a one year high of $52.50.

Oracle Corporation (NYSE:ORCL) last issued its quarterly earnings results on Wednesday, June 21st. The enterprise software provider reported $0.89 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.11. The firm had revenue of $10.94 billion during the quarter, compared to analysts’ expectations of $10.45 billion. Oracle Corporation had a net margin of 24.74% and a return on equity of 20.90%. Oracle Corporation’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.81 EPS. On average, analysts predict that Oracle Corporation will post $2.95 EPS for the current year.

A number of research analysts have weighed in on the company. Credit Suisse Group assumed coverage on Oracle Corporation in a report on Tuesday, September 5th. They set an “outperform” rating and a $62.00 target price on the stock. KeyCorp reiterated a “buy” rating and set a $61.00 target price on shares of Oracle Corporation in a report on Tuesday, July 18th. MKM Partners reissued a “neutral” rating and issued a $48.00 price target (up from $45.00) on shares of Oracle Corporation in a research report on Friday, June 23rd. Cowen and Company reissued an “outperform” rating and issued a $55.00 price target (up from $48.00) on shares of Oracle Corporation in a research report on Thursday, June 22nd. Finally, Bank of America Corporation reissued a “buy” rating and issued a $62.00 price target (up from $54.00) on shares of Oracle Corporation in a research report on Thursday, June 22nd. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and thirty-one have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $51.47.

TRADEMARK VIOLATION WARNING: This report was reported by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this report on another domain, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The correct version of this report can be viewed at https://sportsperspectives.com/2017/09/11/oracle-corporation-orcl-shares-sold-by-metropolitan-life-insurance-co-ny.html.

Oracle Corporation 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.

Institutional Ownership by Quarter for Oracle Corporation (NYSE:ORCL)

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

Latest News

Leave a Reply