Trade Report: Today, Flossbach Von Storch AG invests in 32,640 by buying Oracle Corp. (ORCL) shares

Today, Flossbach Von Storch AG invests in 32,640 by buying Oracle Corp. (ORCL) shares

Flossbach Von Storch AG increased its stake in shares of Oracle Corp. (NYSE:ORCL) by 6.2% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 556,945 shares of the enterprise software provider’s stock after buying an additional 32,640 shares during the period. Flossbach Von Storch AG’s holdings in Oracle Corp. were worth $21,877,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of ORCL. Emerald Acquisition Ltd. acquired a new stake in Oracle Corp. during the second quarter valued at about $540,085,000. Caisse DE Depot ET Placement DU Quebec raised its stake in Oracle Corp. by 48.0% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 16,745,200 shares of the enterprise software provider’s stock valued at $685,381,000 after buying an additional 5,430,200 shares in the last quarter. Tesco Pension Investment Ltd acquired a new stake in Oracle Corp. during the third quarter valued at about $140,937,000. Bank of Montreal Can acquired a new stake in Oracle Corp. during the second quarter valued at about $126,162,000. Finally, Schroder Investment Management Group raised its stake in Oracle Corp. by 35.1% in the second quarter. Schroder Investment Management Group now owns 9,692,099 shares of the enterprise software provider’s stock valued at $396,697,000 after buying an additional 2,520,399 shares in the last quarter. 57.68% of the stock is owned by hedge funds and other institutional investors.

Shares of Oracle Corp. (NYSE:ORCL) traded up 0.42% during mid-day trading on Friday, reaching $40.27. The company had a trading volume of 4,013,115 shares. The firm has a 50-day moving average of $38.83 and a 200-day moving average of $39.89. Oracle Corp. has a 12-month low of $33.13 and a 12-month high of $42.00. The company has a market capitalization of $165.33 billion, a P/E ratio of 19.13 and a beta of 1.19.

Oracle Corp. (NYSE:ORCL) last released its earnings results on Thursday, September 15th. The enterprise software provider reported $0.55 EPS for the quarter, missing the Zacks’ consensus estimate of $0.58 by $0.03. The firm earned $8.60 billion during the quarter. Oracle Corp. had a net margin of 24.16% and a return on equity of 22.10%. The firm’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 earnings per share. On average, equities analysts anticipate that Oracle Corp. will post $2.63 earnings per share for the current fiscal year.

Several research firms have issued reports on ORCL. SunTrust Banks Inc. set a $48.00 price objective on Oracle Corp. and gave the company a “buy” rating in a research note on Saturday, September 17th. Rosenblatt Securities set a $48.00 price objective on Oracle Corp. and gave the company a “buy” rating in a research note on Saturday, September 17th. Zacks Investment Research upgraded Oracle Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, September 14th. DA Davidson restated a “buy” rating and issued a $52.00 price objective on shares of Oracle Corp. in a research note on Saturday, September 17th. Finally, MKM Partners restated a “neutral” rating and issued a $42.00 price objective on shares of Oracle Corp. in a research note on Monday, August 1st. Three investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twenty-six have given a buy rating to the company. Oracle Corp. has an average rating of “Buy” and an average target price of $43.79.

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

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