Gabelli Funds LLC Buys 541 Shares of Oracle Co. (NYSE:ORCL)

Gabelli Funds LLC raised its stake in Oracle Co. (NYSE:ORCLFree Report) by 7.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,827 shares of the enterprise software provider’s stock after purchasing an additional 541 shares during the period. Gabelli Funds LLC’s holdings in Oracle were worth $825,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Homestead Advisers Corp acquired a new stake in Oracle during the fourth quarter worth $30,332,000. Public Employees Retirement Association of Colorado raised its holdings in shares of Oracle by 30,724.3% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 2,056,289 shares of the enterprise software provider’s stock worth $216,795,000 after buying an additional 2,049,618 shares in the last quarter. Cetera Advisor Networks LLC lifted its position in shares of Oracle by 12.1% during the 4th quarter. Cetera Advisor Networks LLC now owns 200,245 shares of the enterprise software provider’s stock worth $21,112,000 after buying an additional 21,675 shares during the period. Annex Advisory Services LLC boosted its stake in Oracle by 7.3% in the 4th quarter. Annex Advisory Services LLC now owns 225,646 shares of the enterprise software provider’s stock valued at $23,790,000 after buying an additional 15,291 shares in the last quarter. Finally, Oppenheimer & Co. Inc. grew its position in Oracle by 9.4% in the fourth quarter. Oppenheimer & Co. Inc. now owns 37,637 shares of the enterprise software provider’s stock valued at $3,968,000 after acquiring an additional 3,242 shares during the period. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Trading Down 1.1 %

NYSE:ORCL opened at $124.55 on Tuesday. The company has a market cap of $342.33 billion, a P/E ratio of 32.86, a price-to-earnings-growth ratio of 2.60 and a beta of 1.01. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $132.77. The business has a 50 day moving average price of $120.19 and a two-hundred day moving average price of $115.59. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34.

Oracle (NYSE:ORCLGet Free Report) last announced its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, topping the consensus estimate of $1.37 by $0.04. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The business had revenue of $13.28 billion during the quarter, compared to analysts’ expectations of $13.29 billion. During the same quarter in the prior year, the company posted $0.96 earnings per share. The firm’s revenue was up 7.1% on a year-over-year basis. As a group, analysts expect that Oracle Co. will post 4.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. William Blair raised shares of Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. StockNews.com lowered Oracle from a “buy” rating to a “hold” rating in a research note on Thursday, June 6th. Oppenheimer assumed coverage on shares of Oracle in a research report on Thursday, April 18th. They set a “market perform” rating on the stock. Argus upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. Finally, Citigroup reduced their target price on shares of Oracle from $133.00 to $128.00 and set a “neutral” rating on the stock in a research report on Monday. Eleven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and a consensus price target of $130.29.

Check Out Our Latest Analysis on Oracle

Insider Transactions at Oracle

In related news, Director George H. Conrades sold 25,000 shares of Oracle stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total value of $2,903,250.00. Following the sale, the director now owns 17,836 shares of the company’s stock, valued at $2,071,294.68. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Michael J. Boskin sold 45,000 shares of the business’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $117.74, for a total transaction of $5,298,300.00. Following the transaction, the director now directly owns 87,473 shares in the company, valued at approximately $10,299,071.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director George H. Conrades sold 25,000 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $116.13, for a total transaction of $2,903,250.00. Following the completion of the sale, the director now directly owns 17,836 shares in the company, valued at $2,071,294.68. The disclosure for this sale can be found here. Insiders sold a total of 880,000 shares of company stock worth $110,488,150 in the last three months. Insiders own 42.80% of the company’s stock.

About Oracle

(Free Report)

Oracle Corporation offers 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 Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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