Cable Hill Partners LLC Has $960,000 Position in Oracle Co. (NYSE:ORCL)

Cable Hill Partners LLC raised its stake in Oracle Co. (NYSE:ORCL) by 1.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,839 shares of the enterprise software provider’s stock after purchasing an additional 175 shares during the period. Oracle accounts for approximately 0.3% of Cable Hill Partners LLC’s investment portfolio, making the stock its 24th biggest position. Cable Hill Partners LLC’s holdings in Oracle were worth $960,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Johnson Midwest Financial LLC acquired a new position in shares of Oracle in the fourth quarter valued at $26,000. Baron Financial Group LLC acquired a new position in shares of Oracle in the third quarter valued at about $30,000. RWM Asset Management LLC acquired a new position in shares of Oracle in the fourth quarter valued at about $30,000. Cowa LLC acquired a new position in shares of Oracle in the fourth quarter valued at about $30,000. Finally, Kathmere Capital Management LLC acquired a new position in shares of Oracle in the third quarter valued at about $31,000. Hedge funds and other institutional investors own 47.54% of the company’s stock.

Shares of ORCL stock traded down $0.09 on Tuesday, reaching $64.36. The company had a trading volume of 190,279 shares, compared to its average volume of 9,160,695. The stock has a market capitalization of $189.48 billion, a PE ratio of 19.53, a price-to-earnings-growth ratio of 1.79 and a beta of 0.76. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 7.37. Oracle Co. has a one year low of $39.71 and a one year high of $66.20. The business’s 50-day moving average is $62.19 and its 200 day moving average is $59.64.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Wednesday, December 9th. The enterprise software provider reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.06. The business had revenue of $9.80 billion during the quarter, compared to analyst estimates of $9.78 billion. Oracle had a net margin of 26.34% and a return on equity of 101.26%. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the business earned $0.90 EPS. On average, sell-side analysts forecast that Oracle Co. will post 3.86 earnings per share for the current fiscal year.

In related news, EVP Dorian Daley sold 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 15th. The shares were sold at an average price of $61.63, for a total value of $6,163,000.00. Following the completion of the transaction, the executive vice president now owns 100,000 shares in the company, valued at approximately $6,163,000. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO W Corey West sold 200,000 shares of the firm’s stock in a transaction that occurred on Friday, December 18th. The stock was sold at an average price of $65.00, for a total transaction of $13,000,000.00. Following the transaction, the chief accounting officer now owns 309,647 shares of the company’s stock, valued at approximately $20,127,055. The disclosure for this sale can be found here. In the last quarter, insiders sold 325,000 shares of company stock valued at $20,685,750. 39.10% of the stock is owned by company insiders.

ORCL has been the topic of several research reports. Barclays upped their price target on shares of Oracle from $62.00 to $66.00 and gave the company an “equal weight” rating in a research note on Friday, December 11th. Royal Bank of Canada upped their price target on shares of Oracle from $68.00 to $71.00 and gave the company an “outperform” rating in a research note on Friday, December 11th. Oppenheimer restated a “hold” rating on shares of Oracle in a research note on Friday, December 11th. Credit Suisse Group upped their price target on shares of Oracle from $67.00 to $75.00 and gave the company an “outperform” rating in a research note on Friday, January 15th. Finally, Cleveland Research downgraded shares of Oracle from a “buy” rating to a “neutral” rating in a research note on Tuesday, December 8th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $64.16.

Oracle Profile

Oracle Corporation provides products and services that address enterprise information technology environments worldwide. The company's cloud and license business engages in the sale, marketing, and delivery of its applications and infrastructure technologies through cloud and on-premise deployment models, including cloud services and license support; and cloud license and on-premise license.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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