Banque Pictet & Cie SA Has $11.79 Million Position in Oracle Co. (NYSE:ORCL)

Banque Pictet & Cie SA lowered its position in Oracle Co. (NYSE:ORCL) by 11.9% in the first quarter, HoldingsChannel.com reports. The firm owned 219,528 shares of the enterprise software provider’s stock after selling 29,680 shares during the period. Banque Pictet & Cie SA’s holdings in Oracle were worth $11,791,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in ORCL. Investors Research Corp bought a new position in shares of Oracle during the 1st quarter worth approximately $30,000. Riverview Trust Co bought a new position in shares of Oracle during the 4th quarter worth approximately $35,000. Covenant Multifamily Offices LLC bought a new position in shares of Oracle during the 1st quarter worth approximately $35,000. Truehand Inc bought a new position in shares of Oracle during the 4th quarter worth approximately $36,000. Finally, ERTS Wealth Advisors LLC bought a new position in shares of Oracle during the 4th quarter worth approximately $36,000. 53.15% of the stock is owned by hedge funds and other institutional investors.

NYSE ORCL opened at $53.94 on Wednesday. Oracle Co. has a 52-week low of $42.40 and a 52-week high of $55.53. The company has a quick ratio of 2.65, a current ratio of 2.65 and a debt-to-equity ratio of 2.13. The firm has a market cap of $182.02 billion, a PE ratio of 19.13, a P/E/G ratio of 1.60 and a beta of 1.09.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Thursday, March 14th. The enterprise software provider reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.02. The business had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.59 billion. Oracle had a net margin of 27.14% and a return on equity of 34.03%. The firm’s revenue for the quarter was down .7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.83 earnings per share. On average, equities analysts expect that Oracle Co. will post 3.09 EPS for the current year.

In other news, EVP Dorian Daley sold 125,000 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $52.84, for a total value of $6,605,000.00. 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 company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $51.54, for a total transaction of $193,275.00. Following the completion of the transaction, the director now owns 27,969 shares in the company, valued at approximately $1,441,522.26. The disclosure for this sale can be found here. Insiders have sold 2,473,750 shares of company stock worth $133,883,350 in the last quarter. 32.00% of the stock is owned by corporate insiders.

Several equities analysts have commented on ORCL shares. Goldman Sachs Group reissued a “buy” rating and set a $55.00 target price on shares of Oracle in a research report on Thursday, February 14th. Credit Suisse Group restated a “buy” rating and set a $60.00 price target on shares of Oracle in a research note on Monday, February 18th. Standpoint Research lowered shares of Oracle from a “buy” rating to a “hold” rating in a research note on Tuesday, February 19th. Zacks Investment Research upgraded shares of Oracle from a “sell” rating to a “hold” rating in a research note on Thursday, February 21st. Finally, Nomura restated a “reduce” rating and set a $42.00 price target (down previously from $53.00) on shares of Oracle in a research note on Monday, March 11th. Three investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $53.11.

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Oracle Company Profile

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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