Certified Advisory Corp Sells 2,894 Shares of Oracle Co. (ORCL)

Certified Advisory Corp decreased its holdings in Oracle Co. (NYSE:ORCL) by 34.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,393 shares of the enterprise software provider’s stock after selling 2,894 shares during the period. Certified Advisory Corp’s holdings in Oracle were worth $370,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Cpwm LLC grew its stake in shares of Oracle by 6.5% in the 2nd quarter. Cpwm LLC now owns 17,240 shares of the enterprise software provider’s stock valued at $760,000 after buying an additional 1,050 shares during the period. Quadrant Private Wealth Management LLC grew its stake in shares of Oracle by 0.9% in the 2nd quarter. Quadrant Private Wealth Management LLC now owns 126,926 shares of the enterprise software provider’s stock valued at $5,592,000 after buying an additional 1,072 shares during the period. Willow Creek Wealth Management Inc. grew its stake in shares of Oracle by 15.6% in the 2nd quarter. Willow Creek Wealth Management Inc. now owns 8,051 shares of the enterprise software provider’s stock valued at $355,000 after buying an additional 1,084 shares during the period. Bollard Group LLC grew its stake in shares of Oracle by 4.7% in the 1st quarter. Bollard Group LLC now owns 24,237 shares of the enterprise software provider’s stock valued at $1,109,000 after buying an additional 1,089 shares during the period. Finally, Schnieders Capital Management LLC grew its stake in shares of Oracle by 5.5% in the 1st quarter. Schnieders Capital Management LLC now owns 20,825 shares of the enterprise software provider’s stock valued at $953,000 after buying an additional 1,095 shares during the period. Institutional investors own 53.65% of the company’s stock.

ORCL has been the subject of several analyst reports. Zacks Investment Research raised shares of Oracle from a “sell” rating to a “hold” rating in a research note on Tuesday, August 28th. Stifel Nicolaus dropped their price target on shares of Oracle from $53.00 to $50.00 and set a “hold” rating for the company in a research note on Wednesday, June 20th. Credit Suisse Group reissued a “buy” rating and issued a $60.00 price target on shares of Oracle in a research note on Thursday, June 7th. ValuEngine cut shares of Oracle from a “hold” rating to a “sell” rating in a research note on Thursday, June 21st. Finally, Royal Bank of Canada dropped their price target on shares of Oracle from $55.00 to $52.00 and set a “sector perform” rating for the company in a research note on Wednesday, June 20th. Fifteen research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Oracle presently has a consensus rating of “Buy” and a consensus price target of $54.86.



In other Oracle news, Director Naomi O. Seligman sold 45,000 shares of the stock in a transaction that occurred on Monday, July 16th. The shares were sold at an average price of $48.09, for a total transaction of $2,164,050.00. Following the sale, the director now directly owns 27,969 shares in the company, valued at approximately $1,345,029.21. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $47.77, for a total transaction of $179,137.50. Following the sale, the director now owns 27,969 shares in the company, valued at $1,336,079.13. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 546,750 shares of company stock worth $24,546,728. 29.00% of the stock is owned by company insiders.

NYSE:ORCL opened at $49.25 on Friday. The company has a debt-to-equity ratio of 1.21, a current ratio of 3.96 and a quick ratio of 3.96. The company has a market cap of $204.25 billion, a P/E ratio of 17.46, a P/E/G ratio of 1.66 and a beta of 1.16. Oracle Co. has a fifty-two week low of $42.57 and a fifty-two week high of $53.48.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Tuesday, June 19th. The enterprise software provider reported $0.99 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.05. The firm had revenue of $11.26 billion during the quarter, compared to analysts’ expectations of $11.17 billion. Oracle had a net margin of 9.61% and a return on equity of 23.14%. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the company posted $0.89 EPS. equities analysts forecast that Oracle Co. will post 3.05 EPS for the current year.

About Oracle

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

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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