Commerce Bank Boosts Position in Oracle Corporation (ORCL)

Commerce Bank increased its stake in Oracle Corporation (NYSE:ORCL) by 20.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,000,336 shares of the enterprise software provider’s stock after purchasing an additional 168,112 shares during the quarter. Commerce Bank’s holdings in Oracle were worth $50,157,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of ORCL. Alpha Windward LLC lifted its holdings in shares of Oracle by 0.3% during the 2nd quarter. Alpha Windward LLC now owns 5,568 shares of the enterprise software provider’s stock valued at $279,000 after buying an additional 19 shares during the last quarter. Joel Isaacson & Co. LLC lifted its holdings in shares of Oracle by 0.3% during the 2nd quarter. Joel Isaacson & Co. LLC now owns 8,197 shares of the enterprise software provider’s stock valued at $411,000 after buying an additional 24 shares during the last quarter. Partnervest Advisory Services LLC lifted its holdings in shares of Oracle by 0.6% during the 2nd quarter. Partnervest Advisory Services LLC now owns 6,731 shares of the enterprise software provider’s stock valued at $337,000 after buying an additional 39 shares during the last quarter. Pointe Capital Management LLC lifted its holdings in shares of Oracle by 0.4% during the 1st quarter. Pointe Capital Management LLC now owns 11,739 shares of the enterprise software provider’s stock valued at $524,000 after buying an additional 45 shares during the last quarter. Finally, Bell Bank lifted its holdings in shares of Oracle by 0.9% during the 1st quarter. Bell Bank now owns 6,079 shares of the enterprise software provider’s stock valued at $271,000 after buying an additional 57 shares during the last quarter. 57.70% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Oracle Corporation (NYSE ORCL) traded down $1.21 during trading hours on Monday, reaching $48.40. The company’s stock had a trading volume of 13,473,853 shares, compared to its average volume of 13,241,429. Oracle Corporation has a 52-week low of $38.30 and a 52-week high of $53.14. The company has a market capitalization of $202,000.00, a PE ratio of 19.45, a price-to-earnings-growth ratio of 1.89 and a beta of 1.05. The company has a quick ratio of 3.61, a current ratio of 3.63 and a debt-to-equity ratio of 0.86.

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

In other news, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $50.35, for a total transaction of $188,812.50. Following the transaction, the director now owns 18,125 shares of the company’s stock, valued at $912,593.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Dorian Daley sold 25,776 shares of the company’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $48.05, for a total value of $1,238,536.80. Following the transaction, the executive vice president now directly owns 30,977 shares in the company, valued at approximately $1,488,444.85. The disclosure for this sale can be found here. In the last three months, insiders sold 305,776 shares of company stock worth $14,821,999. Insiders own 29.00% of the company’s stock.

Several research firms recently weighed in on ORCL. Drexel Hamilton restated a “buy” rating and issued a $62.00 target price on shares of Oracle in a report on Tuesday, November 21st. Vetr lowered Oracle from a “strong-buy” rating to a “buy” rating and set a $51.82 target price for the company. in a report on Monday, November 20th. Zacks Investment Research upgraded Oracle from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a report on Wednesday, November 15th. UBS restated a “neutral” rating and issued a $55.00 target price (down from $57.00) on shares of Oracle in a report on Thursday, November 9th. Finally, BidaskClub lowered Oracle from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 4th. Eleven research analysts have rated the stock with a hold rating and thirty-three have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $54.85.

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About Oracle

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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