Trading Report: Today, Enterprise Financial Services Corp invests in Oracle Corp. (ORCL) Shares

Today, Enterprise Financial Services Corp invests in Oracle Corp. (ORCL) Shares

Enterprise Financial Services Corp raised its position in Oracle Corp. (NYSE:ORCL) by 3.1% during the third quarter, Holdings Channel reports. The fund owned 7,671 shares of the enterprise software provider’s stock after buying an additional 228 shares during the period. Enterprise Financial Services Corp’s holdings in Oracle Corp. were worth $301,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Point View Wealth Management Inc. increased its position in 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 during the last quarter. Alpha Windward LLC increased its position in Oracle Corp. by 0.9% in the third quarter. Alpha Windward LLC now owns 5,004 shares of the enterprise software provider’s stock valued at $197,000 after buying an additional 44 shares during the last quarter. Capital Asset Advisory Services LLC increased its position in Oracle Corp. by 0.9% in the third quarter. Capital Asset Advisory Services LLC now owns 6,200 shares of the enterprise software provider’s stock valued at $244,000 after buying an additional 55 shares during the last quarter. Bollard Group LLC increased its position 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 valued at $767,000 after buying an additional 69 shares during the last quarter. Finally, Lourd Capital LLC increased its position 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 valued at $321,000 after buying an additional 92 shares during the last quarter. Hedge funds and other institutional investors own 57.68% of the company’s stock.

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

Oracle Corp. (NYSE:ORCL) last posted its earnings results on Thursday, September 15th. The enterprise software provider reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by $0.03. Oracle Corp. had a return on equity of 22.10% and a net margin of 24.16%. The business earned $8.60 billion during 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. Equities research analysts expect that Oracle Corp. will post $2.63 EPS for the current fiscal year.

Several research firms recently commented on ORCL. DA Davidson set a $52.00 price objective on Oracle Corp. and gave the company a “buy” rating in a research note on Tuesday. Zacks Investment Research upgraded Oracle Corp. from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 16th. Vetr cut shares of Oracle Corp. from a “buy” rating to a “hold” rating and set a $40.61 target price on the stock. in a report on Thursday, November 10th. Rowe lowered their target price on shares of Oracle Corp. from $109.00 to $9.30 in a report on Tuesday, November 8th. Finally, reissued an “underperform” rating and set a $42.00 target price on shares of Oracle Corp. in a report on Tuesday, November 8th. 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’s stock. The company currently has a consensus rating of “Buy” and an average target price of $43.79.

In related news, Director Hector Garcia-Molina sold 3,750 shares of Oracle Corp. stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $39.06, for a total transaction of $146,475.00. Following the completion of the transaction, the director now directly owns 8,281 shares of the company’s stock, valued at approximately $323,455.86. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Dorian Daley sold 16,065 shares of Oracle Corp. stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $39.61, for a total transaction of $636,334.65. Following the transaction, the executive vice president now directly owns 25,000 shares of the company’s stock, valued at $990,250. The disclosure for this sale can be found here. Corporate insiders own 29.00% of the company’s stock.

About Oracle Corp.

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.

Related posts

Leave a Comment