People s United Financial Inc. lessened its stake in Oracle Corporation (NYSE:ORCL) by 0.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 488,860 shares of the enterprise software provider’s stock after selling 488 shares during the quarter. Oracle comprises approximately 0.8% of People s United Financial Inc.’s holdings, making the stock its 28th biggest holding. People s United Financial Inc.’s holdings in Oracle were worth $24,512,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Oracle by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 206,441,876 shares of the enterprise software provider’s stock valued at $10,350,996,000 after acquiring an additional 5,270,359 shares during the period. BlackRock Inc. raised its stake in shares of Oracle by 2.5% in the 2nd quarter. BlackRock Inc. now owns 193,791,492 shares of the enterprise software provider’s stock valued at $9,716,707,000 after acquiring an additional 4,678,977 shares during the period. State Street Corp raised its stake in shares of Oracle by 1.0% in the 1st quarter. State Street Corp now owns 123,195,917 shares of the enterprise software provider’s stock valued at $5,495,769,000 after acquiring an additional 1,187,802 shares during the period. Northern Trust Corp raised its stake in shares of Oracle by 4.6% in the 2nd quarter. Northern Trust Corp now owns 42,098,104 shares of the enterprise software provider’s stock valued at $2,110,799,000 after acquiring an additional 1,835,835 shares during the period. Finally, First Eagle Investment Management LLC increased its stake in Oracle by 1.2% during the 2nd quarter. First Eagle Investment Management LLC now owns 41,717,395 shares of the enterprise software provider’s stock worth $2,091,710,000 after buying an additional 482,220 shares during the period. Institutional investors own 57.70% of the company’s stock.
Oracle Corporation (NYSE ORCL) traded up $1.08 during midday trading on Friday, hitting $49.60. 14,404,743 shares of the stock traded hands, compared to its average volume of 12,138,436. Oracle Corporation has a 1-year low of $38.30 and a 1-year high of $53.14. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.63 and a quick ratio of 3.61. The firm has a market cap of $207,004.89, a price-to-earnings ratio of 19.45, a PEG ratio of 1.89 and a beta of 1.05.
Several equities research analysts recently issued reports on ORCL shares. Vetr downgraded shares of Oracle from a “buy” rating to a “hold” rating and set a $46.58 price target on the stock. in a research note on Sunday, September 3rd. Zacks Investment Research downgraded shares of Oracle from a “buy” rating to a “hold” rating in a research note on Monday, August 28th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $53.00 price target on shares of Oracle in a research note on Sunday, August 27th. BidaskClub raised shares of Oracle from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 27th. Finally, ValuEngine raised shares of Oracle from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Twelve equities research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $55.04.
In other news, Director Hector Garcia-Molina sold 3,750 shares of Oracle stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $48.83, for a total value of $183,112.50. Following the completion of the transaction, the director now directly owns 18,125 shares of the company’s stock, valued at approximately $885,043.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jeffrey Berg sold 45,000 shares of Oracle stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $48.03, for a total transaction of $2,161,350.00. The disclosure for this sale can be found here. Insiders sold a total of 305,776 shares of company stock valued at $14,821,999 over the last ninety days. Company insiders own 29.00% of the company’s stock.
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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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