Today: Capital Investment Services of America Inc. Increases Stake in Oracle Corp. (ORCL)

Today: Capital Investment Services of America Inc. Increases Stake in Oracle Corp. (ORCL)

Capital Investment Services of America Inc. boosted its stake in Oracle Corp. (NYSE:ORCL) by 0.2% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 316,651 shares of the enterprise software provider’s stock after buying an additional 692 shares during the period. Oracle Corp. makes up 2.4% of Capital Investment Services of America Inc.’s holdings, making the stock its 16th largest position. Capital Investment Services of America Inc.’s holdings in Oracle Corp. were worth $12,438,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Old Mutual Global Investors UK Ltd. boosted its stake in Oracle Corp. by 5,147.0% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 1,122,744 shares of the enterprise software provider’s stock valued at $45,953,000 after buying an additional 1,101,346 shares during the period. Ngam Advisors L.P. boosted its stake in Oracle Corp. by 9.2% in the second quarter. Ngam Advisors L.P. now owns 1,597,340 shares of the enterprise software provider’s stock valued at $65,380,000 after buying an additional 134,154 shares during the period. ING Groep NV boosted its stake in Oracle Corp. by 317.0% in the second quarter. ING Groep NV now owns 452,022 shares of the enterprise software provider’s stock valued at $18,497,000 after buying an additional 343,626 shares during the period. Check Capital Management Inc. CA boosted its stake in Oracle Corp. by 1.8% in the second quarter. Check Capital Management Inc. CA now owns 714,129 shares of the enterprise software provider’s stock valued at $29,229,000 after buying an additional 12,676 shares during the period. Finally, DAVENPORT & Co LLC boosted its stake in Oracle Corp. by 8.1% in the second quarter. DAVENPORT & Co LLC now owns 852,620 shares of the enterprise software provider’s stock valued at $34,898,000 after buying an additional 64,091 shares during the period. Institutional investors own 56.94% of the company’s stock.

Shares of Oracle Corp. (NYSE:ORCL) traded down 0.15% during mid-day trading on Monday, hitting $40.21. 9,677,004 shares of the stock were exchanged. The stock’s 50 day moving average is $38.83 and its 200-day moving average is $39.89. The stock has a market cap of $165.08 billion, a PE ratio of 19.10 and a beta of 1.19. Oracle Corp. has a 12 month low of $33.13 and a 12 month high of $42.00.

Oracle Corp. (NYSE:ORCL) last released its earnings results on Thursday, September 15th. The enterprise software provider reported $0.55 earnings per share for the quarter, missing the consensus estimate 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 had revenue of $8.60 billion for the quarter. During the same period last year, the business posted $0.53 EPS. The company’s revenue was up 1.9% on a year-over-year basis. On average, analysts anticipate that Oracle Corp. will post $2.63 EPS for the current year.

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

In other news, EVP Dorian Daley sold 16,065 shares of Oracle Corp. stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $39.61, for a total transaction of $636,334.65. Following the completion of the sale, the executive vice president now directly owns 25,000 shares in the company, valued at $990,250. The transaction 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 Oracle Corp. stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $39.06, for a total value of $146,475.00. Following the sale, the director now owns 8,281 shares of the company’s stock, valued at $323,455.86. The disclosure for this sale can be found here. 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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