Fisher Asset Management LLC Purchases 96,955 Shares of Oracle Co. (ORCL)

Fisher Asset Management LLC increased its position in shares of Oracle Co. (NYSE:ORCL) by 0.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,724,599 shares of the enterprise software provider’s stock after buying an additional 96,955 shares during the period. Fisher Asset Management LLC’s holdings in Oracle were worth $523,034,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in ORCL. Kernodle & Katon Asset Management Group LLC increased its position in shares of Oracle by 0.6% in the third quarter. Kernodle & Katon Asset Management Group LLC now owns 4,226 shares of the enterprise software provider’s stock worth $166,000 after buying an additional 25 shares in the last quarter. Zions Bancorporation increased its position in shares of Oracle by 0.9% in the fourth quarter. Zions Bancorporation now owns 3,934 shares of the enterprise software provider’s stock worth $152,000 after buying an additional 36 shares in the last quarter. Beese Fulmer Investment Management Inc. increased its position in shares of Oracle by 0.7% in the first quarter. Beese Fulmer Investment Management Inc. now owns 5,771 shares of the enterprise software provider’s stock worth $257,000 after buying an additional 38 shares in the last quarter. Carroll Financial Associates Inc. increased its position in shares of Oracle by 0.4% in the first quarter. Carroll Financial Associates Inc. now owns 17,268 shares of the enterprise software provider’s stock worth $770,000 after buying an additional 74 shares in the last quarter. Finally, Howe & Rusling Inc. increased its position in shares of Oracle by 2.1% in the first quarter. Howe & Rusling Inc. now owns 4,157 shares of the enterprise software provider’s stock worth $185,000 after buying an additional 84 shares in the last quarter. Institutional investors and hedge funds own 57.95% of the company’s stock.

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

Shares of Oracle Co. (ORCL) opened at 45.92 on Tuesday. The stock has a market capitalization of $188.95 billion, a price-to-earnings ratio of 21.72 and a beta of 1.14. The stock has a 50 day moving average price of $45.00 and a 200-day moving average price of $42.25. Oracle Co. has a 52-week low of $37.62 and a 52-week high of $46.99.

Oracle (NYSE:ORCL) last released its earnings results on Wednesday, March 15th. The enterprise software provider reported $0.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.07. The firm had revenue of $9.27 billion during the quarter, compared to analysts’ expectations of $9.25 billion. Oracle had a net margin of 23.69% and a return on equity of 21.33%. Oracle’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.64 EPS. On average, equities research analysts predict that Oracle Co. will post $2.63 EPS for the current fiscal year.

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Several research analysts recently weighed in on ORCL shares. Wedbush restated a “neutral” rating and set a $43.00 target price on shares of Oracle in a research note on Thursday, April 13th. Jefferies Group LLC restated a “buy” rating and set a $52.00 target price on shares of Oracle in a research note on Friday, May 19th. Barclays PLC boosted their target price on Oracle from $47.00 to $51.00 and gave the stock an “overweight” rating in a research note on Thursday, March 16th. Rosenblatt Securities boosted their target price on Oracle from $48.00 to $55.00 and gave the stock a “buy” rating in a research note on Tuesday, April 4th. Finally, Vetr upgraded Oracle from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a research note on Thursday, May 11th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. Oracle presently has an average rating of “Buy” and an average target price of $46.42.

In related news, EVP Dorian Daley sold 100,000 shares of the company’s stock in a transaction on Wednesday, March 22nd. The shares were sold at an average price of $44.84, for a total transaction of $4,484,000.00. Following the completion of the sale, the executive vice president now directly owns 130,977 shares of the company’s stock, valued at approximately $5,873,008.68. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction on Wednesday, March 15th. The stock was sold at an average price of $42.86, for a total transaction of $160,725.00. Following the sale, the director now directly owns 8,281 shares of the company’s stock, valued at $354,923.66. The disclosure for this sale can be found here. Insiders have sold a total of 6,834,841 shares of company stock valued at $309,094,949 over the last three months. Corporate insiders own 29.00% of the company’s stock.

Oracle Company Profile

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “ORCL”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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