Oracle Co. (ORCL) Stake Lifted by Afam Capital Inc.

Afam Capital Inc. increased its holdings in shares of Oracle Co. (NYSE:ORCL) by 1.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 155,585 shares of the enterprise software provider’s stock after buying an additional 2,725 shares during the period. Oracle comprises approximately 1.1% of Afam Capital Inc.’s investment portfolio, making the stock its 23rd largest holding. Afam Capital Inc.’s holdings in Oracle were worth $8,022,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Vista Investment Management raised its stake in Oracle by 11.8% in the 3rd quarter. Vista Investment Management now owns 10,095 shares of the enterprise software provider’s stock valued at $520,000 after purchasing an additional 1,062 shares during the last quarter. Salem Investment Counselors Inc. increased its stake in shares of Oracle by 158.9% in the 3rd quarter. Salem Investment Counselors Inc. now owns 27,762 shares of the enterprise software provider’s stock worth $1,431,000 after acquiring an additional 17,040 shares during the last quarter. JT Stratford LLC acquired a new stake in shares of Oracle in the 3rd quarter worth $236,000. LPL Financial LLC increased its stake in shares of Oracle by 2.2% in the 3rd quarter. LPL Financial LLC now owns 512,387 shares of the enterprise software provider’s stock worth $26,419,000 after acquiring an additional 11,031 shares during the last quarter. Finally, Jacobi Capital Management LLC increased its stake in shares of Oracle by 33.3% in the 3rd quarter. Jacobi Capital Management LLC now owns 4,607 shares of the enterprise software provider’s stock worth $238,000 after acquiring an additional 1,151 shares during the last quarter. Hedge funds and other institutional investors own 50.97% of the company’s stock.

In related news, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $49.42, for a total transaction of $185,325.00. Following the completion of the transaction, the director now directly owns 27,969 shares in the company, valued at approximately $1,382,227.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Dorian Daley sold 131,696 shares of the firm’s stock in a transaction dated Monday, September 24th. The shares were sold at an average price of $50.93, for a total value of $6,707,277.28. Following the transaction, the executive vice president now owns 109,615 shares of the company’s stock, valued at $5,582,691.95. The disclosure for this sale can be found here. Insiders have sold a total of 142,946 shares of company stock valued at $7,257,365 over the last three months. Corporate insiders own 32.00% of the company’s stock.

A number of brokerages have issued reports on ORCL. Zacks Investment Research raised Oracle from a “sell” rating to a “hold” rating in a research note on Wednesday, December 5th. Rosenblatt Securities reaffirmed a “hold” rating and issued a $51.00 target price on shares of Oracle in a research note on Tuesday, October 30th. Nomura cut their target price on Oracle from $58.00 to $53.00 and set a “buy” rating for the company in a research note on Friday, October 26th. KeyCorp reaffirmed a “hold” rating on shares of Oracle in a research note on Friday, October 26th. Finally, Credit Suisse Group reaffirmed a “buy” rating and issued a $60.00 target price on shares of Oracle in a research note on Wednesday, October 24th. Seventeen research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $53.71.

Shares of NYSE:ORCL opened at $46.00 on Monday. The company has a debt-to-equity ratio of 1.41, a current ratio of 3.43 and a quick ratio of 3.43. The stock has a market cap of $190.42 billion, a P/E ratio of 16.31, a price-to-earnings-growth ratio of 1.54 and a beta of 1.11. Oracle Co. has a 12-month low of $42.57 and a 12-month high of $53.48.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, September 17th. The enterprise software provider reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.03. The firm had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $9.26 billion. Oracle had a return on equity of 25.60% and a net margin of 9.74%. The company’s quarterly revenue was up .8% on a year-over-year basis. During the same period last year, the company earned $0.62 EPS. On average, sell-side analysts forecast that Oracle Co. will post 3.06 EPS for the current year.

Oracle declared that its Board of Directors has approved a share repurchase plan on Monday, September 17th that permits the company to buyback $12.00 billion in shares. This buyback authorization permits the enterprise software provider to repurchase up to 5.9% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

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Oracle 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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