Lombard Odier Asset Management Switzerland SA Boosts Holdings in Oracle Corporation $ORCL

Lombard Odier Asset Management Switzerland SA raised its holdings in Oracle Corporation (NYSE:ORCL) by 9.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 74,568 shares of the enterprise software provider’s stock after purchasing an additional 6,742 shares during the quarter. Oracle accounts for 0.8% of Lombard Odier Asset Management Switzerland SA’s holdings, making the stock its 20th largest holding. Lombard Odier Asset Management Switzerland SA’s holdings in Oracle were worth $16,303,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ORCL. Winnow Wealth LLC acquired a new stake in shares of Oracle during the second quarter valued at about $28,000. Kilter Group LLC acquired a new position in shares of Oracle in the 2nd quarter worth approximately $30,000. LGT Financial Advisors LLC purchased a new position in shares of Oracle during the 2nd quarter worth approximately $33,000. Legend Financial Advisors Inc. acquired a new stake in Oracle in the 2nd quarter valued at approximately $34,000. Finally, HighMark Wealth Management LLC acquired a new stake in Oracle in the 2nd quarter valued at approximately $38,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ORCL. UBS Group upped their price target on Oracle from $360.00 to $380.00 and gave the stock a “buy” rating in a research note on Friday, October 17th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Oracle in a report on Monday, December 1st. Redburn Partners set a $175.00 target price on Oracle in a report on Thursday, September 25th. Melius Research lifted their target price on Oracle from $270.00 to $370.00 and gave the company a “buy” rating in a research report on Wednesday, September 10th. Finally, Cowen reiterated a “buy” rating on shares of Oracle in a research note on Thursday. Four research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $320.84.

Insider Buying and Selling

In related news, Director Jeffrey Berg sold 49,365 shares of the business’s stock in a transaction on Tuesday, October 28th. The shares were sold at an average price of $283.02, for a total transaction of $13,971,282.30. Following the completion of the transaction, the director owned 151,999 shares in the company, valued at approximately $43,018,756.98. The trade was a 24.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Naomi O. Seligman sold 2,222 shares of the firm’s stock in a transaction on Friday, September 26th. The shares were sold at an average price of $288.91, for a total value of $641,958.02. Following the completion of the sale, the director owned 29,225 shares in the company, valued at approximately $8,443,394.75. This represents a 7.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 204,254 shares of company stock worth $60,227,807. Corporate insiders own 40.90% of the company’s stock.

Oracle Stock Performance

Shares of ORCL opened at $220.53 on Tuesday. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $345.72. The stock has a market capitalization of $628.67 billion, a PE ratio of 51.05, a PEG ratio of 2.47 and a beta of 1.66. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.62 and a current ratio of 0.62. The stock has a 50-day simple moving average of $251.84 and a 200-day simple moving average of $240.56.

Oracle (NYSE:ORCL) last released its earnings results on Tuesday, September 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a return on equity of 72.93% and a net margin of 21.08%.The firm had revenue of $14.93 billion for the quarter, compared to analysts’ expectations of $15.04 billion. During the same quarter in the previous year, the company posted $1.39 earnings per share. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. On average, analysts predict that Oracle Corporation will post 5 earnings per share for the current fiscal year.

About Oracle

Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.