Natixis Has $12.57 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

Natixis raised its stake in Oracle Co. (NYSE:ORCL) by 3.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 220,685 shares of the enterprise software provider’s stock after purchasing an additional 6,922 shares during the quarter. Natixis’ holdings in Oracle were worth $12,572,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Evolution Wealth Advisors LLC increased its position in Oracle by 346.0% during the 2nd quarter. Evolution Wealth Advisors LLC now owns 446 shares of the enterprise software provider’s stock worth $25,000 after buying an additional 346 shares during the period. Investors Research Corp bought a new position in Oracle during the 1st quarter worth $30,000. Covenant Multifamily Offices LLC bought a new position in Oracle during the 1st quarter worth $35,000. Next Capital Management LLC bought a new position in Oracle during the 2nd quarter worth $36,000. Finally, Shamrock Asset Management LLC raised its holdings in Oracle by 577.0% in the 2nd quarter. Shamrock Asset Management LLC now owns 677 shares of the enterprise software provider’s stock valued at $39,000 after acquiring an additional 577 shares in the last quarter. Hedge funds and other institutional investors own 53.05% of the company’s stock.

ORCL has been the subject of a number of recent analyst reports. KeyCorp reiterated a “hold” rating on shares of Oracle in a research report on Thursday, June 20th. William Blair reaffirmed a “market perform” rating on shares of Oracle in a research note on Thursday, June 20th. Zacks Investment Research raised Oracle from a “hold” rating to a “buy” rating and set a $61.00 price target for the company in a research note on Wednesday, May 15th. Barclays upped their price objective on shares of Oracle from $55.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 20th. Finally, Wedbush reiterated a “neutral” rating and set a $55.00 price objective (down from $55.92) on shares of Oracle in a research note on Thursday, June 20th. Three research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and ten have issued a buy rating to the company’s stock. Oracle has a consensus rating of “Hold” and a consensus target price of $55.14.

In related news, Director Naomi O. Seligman sold 90,000 shares of Oracle stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $59.52, for a total transaction of $5,356,800.00. Following the sale, the director now directly owns 82,310 shares in the company, valued at approximately $4,899,091.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Mark V. Hurd sold 787,500 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $56.29, for a total transaction of $44,328,375.00. Following the sale, the chief executive officer now directly owns 874,871 shares in the company, valued at $49,246,488.59. The disclosure for this sale can be found here. Insiders sold a total of 2,140,000 shares of company stock valued at $117,501,425 over the last quarter. 32.00% of the stock is owned by corporate insiders.

ORCL stock traded up $0.31 during trading on Wednesday, reaching $55.79. 8,692,197 shares of the company were exchanged, compared to its average volume of 9,522,230. The company has a 50-day moving average of $54.19 and a two-hundred day moving average of $54.44. The company has a market capitalization of $181.94 billion, a price-to-earnings ratio of 17.65, a P/E/G ratio of 1.59 and a beta of 1.18. Oracle Co. has a twelve month low of $42.40 and a twelve month high of $60.50. The company has a debt-to-equity ratio of 2.31, a current ratio of 2.49 and a quick ratio of 2.49.

Oracle (NYSE:ORCL) last issued its earnings results on Wednesday, June 19th. The enterprise software provider reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.18. The firm had revenue of $11.14 billion for the quarter, compared to analyst estimates of $10.93 billion. Oracle had a net margin of 28.06% and a return on equity of 40.95%. The company’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the business posted $0.99 earnings per share. On average, analysts forecast that Oracle Co. will post 3.49 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.

Further Reading: Understanding Average Daily Trade Volume

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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