4,569 Shares in Oracle Co. (ORCL) Acquired by BBR Partners LLC

BBR Partners LLC purchased a new position in shares of Oracle Co. (NYSE:ORCL) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,569 shares of the enterprise software provider’s stock, valued at approximately $209,000.

Several other large investors have also recently added to or reduced their stakes in ORCL. Centaurus Financial Inc. purchased a new stake in Oracle during the 1st quarter worth about $106,000. Tarbox Family Office Inc. increased its position in Oracle by 71.1% during the 4th quarter. Tarbox Family Office Inc. now owns 2,322 shares of the enterprise software provider’s stock worth $110,000 after purchasing an additional 965 shares in the last quarter. Wealthcare Advisory Partners LLC increased its position in Oracle by 81,200.0% during the 3rd quarter. Wealthcare Advisory Partners LLC now owns 2,439 shares of the enterprise software provider’s stock worth $118,000 after purchasing an additional 2,436 shares in the last quarter. Cerebellum GP LLC purchased a new stake in Oracle during the 4th quarter worth about $126,000. Finally, Field & Main Bank purchased a new stake in Oracle during the 4th quarter worth about $135,000. 56.34% of the stock is owned by institutional investors and hedge funds.

Oracle stock traded down $2.37 during midday trading on Thursday, hitting $45.90. 36,995,492 shares of the company were exchanged, compared to its average volume of 15,591,451. The firm has a market capitalization of $199.49 billion, a PE ratio of 18.43, a price-to-earnings-growth ratio of 1.63 and a beta of 1.15. The company has a debt-to-equity ratio of 1.16, a quick ratio of 4.30 and a current ratio of 4.33. Oracle Co. has a fifty-two week low of $44.04 and a fifty-two week high of $53.48.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, March 19th. The enterprise software provider reported $0.83 EPS for the quarter, topping the consensus estimate of $0.72 by $0.11. Oracle had a return on equity of 21.77% and a net margin of 9.25%. The firm had revenue of $9.78 billion for the quarter, compared to analyst estimates of $9.77 billion. During the same period in the previous year, the company posted $0.69 EPS. Oracle’s revenue for the quarter was up 5.4% on a year-over-year basis. analysts forecast that Oracle Co. will post 2.78 earnings per share for the current fiscal year.

ORCL has been the subject of several recent analyst reports. Morgan Stanley restated a “buy” rating on shares of Oracle in a report on Sunday, March 18th. Credit Suisse Group restated a “buy” rating and issued a $62.00 price target on shares of Oracle in a report on Sunday, February 18th. JPMorgan Chase & Co. restated a “buy” rating and issued a $55.00 price target on shares of Oracle in a report on Tuesday, March 20th. Zacks Investment Research upgraded Oracle from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a report on Friday, March 23rd. Finally, Nomura lowered their price target on Oracle from $64.00 to $60.00 and set a “buy” rating for the company in a report on Thursday. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-two have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $56.12.

In other Oracle news, Director Jeffrey Berg sold 75,000 shares of the company’s stock in a transaction that occurred on Thursday, April 12th. The stock was sold at an average price of $45.94, for a total value of $3,445,500.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Thomas Kurian sold 979,402 shares of the company’s stock in a transaction that occurred on Friday, May 4th. The shares were sold at an average price of $45.40, for a total value of $44,464,850.80. Following the completion of the transaction, the insider now directly owns 114,871 shares in the company, valued at $5,215,143.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,553,265 shares of company stock worth $117,284,602. 29.00% of the stock is currently owned by corporate insiders.

Oracle Profile

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure technologies for information technology (IT) environments worldwide. It provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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