The Academy Capital Management Inc. TX invests in 226 by buying Oracle Corp. (ORCL) shares

The Academy Capital Management Inc. TX invests in 226 by buying Oracle Corp. (ORCL) shares

Academy Capital Management Inc. TX increased its stake in shares of Oracle Corp. (NYSE:ORCL) by 0.1% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 348,275 shares of the enterprise software provider’s stock after buying an additional 226 shares during the period. Oracle Corp. makes up approximately 3.6% of Academy Capital Management Inc. TX’s holdings, making the stock its 12th largest position. Academy Capital Management Inc. TX’s holdings in Oracle Corp. were worth $13,680,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of ORCL. Point View Wealth Management Inc. raised 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 in the last quarter. Enterprise Financial Services Corp raised its position 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 valued at $305,000 after buying an additional 62 shares in the last quarter. Bollard Group LLC raised 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 in the last quarter. Lourd Capital LLC raised 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 in the last quarter. Finally, Cliftonlarsonallen Wealth Advisors LLC raised its position 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 valued at $636,000 after buying an additional 95 shares in the last quarter. 57.68% of the stock is currently owned by hedge funds and other institutional investors.

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

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

A number of equities analysts recently issued reports on ORCL shares. Vetr upgraded shares of Oracle Corp. from a “buy” rating to a “strong-buy” rating and set a $45.46 target price for the company in a research report on Monday, September 12th. Barclays PLC reiterated a “buy” rating on shares of Oracle Corp. in a research report on Monday, September 12th. Goldman Sachs Group Inc. reiterated a “buy” rating and issued a $47.00 target price on shares of Oracle Corp. in a research report on Sunday, September 25th. Bank of America Corp. reiterated a “buy” rating and issued a $48.00 target price on shares of Oracle Corp. in a research report on Thursday, September 22nd. Finally, Zacks Investment Research lowered shares of Oracle Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, September 6th. Three 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’s stock. The stock has a consensus rating of “Buy” and an average target price of $43.79.

In other news, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at $332,564.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Dorian Daley sold 16,065 shares of the firm’s stock in a transaction that occurred 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 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 company insiders.

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.

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