Edmond DE Rothschild Holding S.A. Grows Holdings in Oracle Corporation (ORCL)

Edmond DE Rothschild Holding S.A. raised its stake in Oracle Corporation (NYSE:ORCL) by 5.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 142,238 shares of the enterprise software provider’s stock after purchasing an additional 7,093 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Oracle were worth $7,130,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. boosted its position in shares of Oracle by 4.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 10,159,207 shares of the enterprise software provider’s stock valued at $509,383,000 after acquiring an additional 450,836 shares during the period. Partnervest Advisory Services LLC boosted its position in shares of Oracle by 0.6% in the second quarter. Partnervest Advisory Services LLC now owns 6,731 shares of the enterprise software provider’s stock valued at $337,000 after acquiring an additional 39 shares during the period. Lockheed Martin Investment Management Co. boosted its position in shares of Oracle by 125.6% in the second quarter. Lockheed Martin Investment Management Co. now owns 166,160 shares of the enterprise software provider’s stock valued at $8,331,000 after acquiring an additional 92,500 shares during the period. Pinnacle Financial Partners Inc. boosted its position in shares of Oracle by 8.9% in the second quarter. Pinnacle Financial Partners Inc. now owns 113,707 shares of the enterprise software provider’s stock valued at $5,701,000 after acquiring an additional 9,328 shares during the period. Finally, LGT Capital Partners LTD. boosted its position in shares of Oracle by 14.0% in the second quarter. LGT Capital Partners LTD. now owns 623,463 shares of the enterprise software provider’s stock valued at $31,260,000 after acquiring an additional 76,653 shares during the period. Hedge funds and other institutional investors own 57.70% of the company’s stock.

A number of brokerages have recently issued reports on ORCL. Royal Bank Of Canada boosted their target price on shares of Oracle to $53.00 and gave the company an “outperform” rating in a research report on Wednesday. Zacks Investment Research cut shares of Oracle from a “buy” rating to a “hold” rating in a research report on Wednesday. BidaskClub cut shares of Oracle from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Drexel Hamilton reaffirmed a “buy” rating and set a $62.00 price objective on shares of Oracle in a research report on Monday, October 2nd. Finally, BTIG Research reaffirmed a “buy” rating and set a $58.00 price objective on shares of Oracle in a research report on Tuesday, September 19th. Twelve equities research analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company’s stock. Oracle presently has an average rating of “Buy” and an average price target of $54.77.

In other Oracle news, EVP Dorian Daley sold 25,776 shares of the stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $48.05, for a total transaction of $1,238,536.80. Following the completion of the sale, the executive vice president now owns 30,977 shares of the company’s stock, valued at approximately $1,488,444.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $48.83, for a total transaction of $183,112.50. Following the sale, the director now directly owns 18,125 shares of the company’s stock, valued at approximately $885,043.75. The disclosure for this sale can be found here. Insiders have sold a total of 305,776 shares of company stock valued at $14,821,999 in the last three months. Insiders own 29.00% of the company’s stock.

Oracle Corporation (NYSE ORCL) traded up $0.43 during trading on Thursday, hitting $48.42. The stock had a trading volume of 12,974,399 shares, compared to its average volume of 13,259,975. Oracle Corporation has a one year low of $38.30 and a one year high of $53.14. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.63 and a quick ratio of 3.61. The firm has a market capitalization of $200,285.59, a P/E ratio of 18.82, a P/E/G ratio of 1.83 and a beta of 1.05.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.02. The company had revenue of $9.21 billion during the quarter, compared to the consensus estimate of $9.03 billion. Oracle had a return on equity of 20.55% and a net margin of 25.34%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.55 earnings per share. equities research analysts predict that Oracle Corporation will post 2.68 EPS for the current fiscal year.

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Oracle 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 (NYSE:ORCL)

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