Today, Bremer Trust National Association cuts position of Oracle Corp. (ORCL)

Today, Bremer Trust National Association cuts position of Oracle Corp. (ORCL)

Bremer Trust National Association cut its stake in shares of Oracle Corp. (NYSE:ORCL) by 11.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,704 shares of the enterprise software provider’s stock after selling 1,746 shares during the period. Bremer Trust National Association’s holdings in Oracle Corp. were worth $538,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Point View Wealth Management Inc. raised its position in shares of Oracle Corp. by 0.5% in the second quarter. Point View Wealth Management Inc. now owns 6,959 shares of the enterprise software provider’s stock valued at $285,000 after buying an additional 37 shares in the last quarter. Enterprise Financial Services Corp raised its stake in Oracle Corp. by 0.8% in the second quarter. Enterprise Financial Services Corp now owns 7,443 shares of the enterprise software provider’s stock worth $305,000 after buying an additional 62 shares during the period. Bollard Group LLC raised its stake in Oracle Corp. by 0.4% in the second quarter. Bollard Group LLC now owns 18,731 shares of the enterprise software provider’s stock worth $767,000 after buying an additional 69 shares during the period. Lourd Capital LLC raised its stake in Oracle Corp. by 1.2% in the second quarter. Lourd Capital LLC now owns 7,854 shares of the enterprise software provider’s stock worth $321,000 after buying an additional 92 shares during the period. Finally, Cliftonlarsonallen Wealth Advisors LLC raised its stake in Oracle Corp. by 0.6% in the second quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 15,535 shares of the enterprise software provider’s stock worth $636,000 after buying an additional 95 shares during the period. Institutional investors own 57.68% of the company’s stock.

Oracle Corp. (NYSE:ORCL) traded up 0.42% during trading on Friday, hitting $40.27. 4,013,115 shares of the stock traded hands. Oracle Corp. has a one year low of $33.13 and a one year high of $42.00. The stock has a market cap of $165.33 billion, a PE ratio of 19.13 and a beta of 1.19. The company has a 50-day moving average price of $38.83 and a 200 day moving average price of $39.89.

Oracle Corp. (NYSE:ORCL) last announced its quarterly earnings results on Thursday, September 15th. The enterprise software provider reported $0.55 EPS for the quarter, missing the consensus estimate of $0.58 by $0.03. Oracle Corp. had a net margin of 24.16% and a return on equity of 22.10%. The company had revenue of $8.60 billion for the quarter. During the same quarter in the previous year, the business posted $0.53 EPS. The firm’s revenue was up 1.9% on a year-over-year basis. Analysts expect that Oracle Corp. will post $2.63 earnings per share for the current year.

A number of equities research analysts have commented on the stock. DA Davidson set a $52.00 price objective on shares of Oracle Corp. and gave the company a “buy” rating in a research report on Tuesday, October 11th. BTIG Research reissued a “buy” rating and issued a $47.00 price objective on shares of Oracle Corp. in a research report on Monday, August 22nd. Vetr raised shares of Oracle Corp. from a “hold” rating to a “buy” rating and set a $42.94 price objective on the stock in a research report on Wednesday, August 31st. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $41.00 price objective on shares of Oracle Corp. in a research report on Thursday, September 15th. Finally, Cowen and Company reissued an “outperform” rating and issued a $46.00 price objective on shares of Oracle Corp. in a research report on Monday, September 26th. Three analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twenty-six have given a buy rating to the company. Oracle Corp. currently has a consensus rating of “Buy” and a consensus price target of $43.79.

In other news, EVP Dorian Daley sold 16,065 shares of the stock in a transaction that occurred on Thursday, September 22nd. The stock was sold at an average price of $39.61, for a total value of $636,334.65. Following the completion of the sale, the executive vice president now directly owns 25,000 shares of the company’s stock, valued at $990,250. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $40.16, for a total value of $150,600.00. Following the completion of the sale, the director now directly owns 8,281 shares of the company’s stock, valued at $332,564.96. The disclosure for this sale can be found here. Company insiders own 29.00% of the company’s stock.

Oracle Corp. 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.

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