Oracle Co. (ORCL) Shares Sold by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI decreased its holdings in Oracle Co. (NYSE:ORCL) by 5.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,629 shares of the enterprise software provider’s stock after selling 2,022 shares during the period. Citizens Financial Group Inc. RI’s holdings in Oracle were worth $1,722,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Engineers Gate Manager LP bought a new position in shares of Oracle during the 3rd quarter worth $2,561,000. University of Notre Dame DU Lac boosted its position in Oracle by 3.6% during the third quarter. University of Notre Dame DU Lac now owns 97,388 shares of the enterprise software provider’s stock valued at $4,709,000 after purchasing an additional 3,363 shares in the last quarter. Synovus Financial Corp boosted its position in Oracle by 6.0% during the third quarter. Synovus Financial Corp now owns 179,389 shares of the enterprise software provider’s stock valued at $8,680,000 after purchasing an additional 10,128 shares in the last quarter. Grisanti Capital Management LLC boosted its position in Oracle by 57.6% during the third quarter. Grisanti Capital Management LLC now owns 205,210 shares of the enterprise software provider’s stock valued at $9,922,000 after purchasing an additional 75,000 shares in the last quarter. Finally, Polen Capital Management LLC boosted its position in Oracle by 21.7% during the third quarter. Polen Capital Management LLC now owns 15,357,706 shares of the enterprise software provider’s stock valued at $742,545,000 after purchasing an additional 2,737,445 shares in the last quarter. Institutional investors and hedge funds own 57.77% of the company’s stock.

Shares of Oracle Co. (ORCL) traded up $0.46 during mid-day trading on Monday, reaching $48.19. The company had a trading volume of 6,800,955 shares, compared to its average volume of 16,877,740. The company has a debt-to-equity ratio of 1.03, a quick ratio of 5.04 and a current ratio of 5.07. Oracle Co. has a 52 week low of $40.75 and a 52 week high of $53.14. The stock has a market capitalization of $199,580.00, a PE ratio of 20.73, a P/E/G ratio of 1.82 and a beta of 1.08.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Thursday, December 14th. The enterprise software provider reported $0.70 EPS for the quarter, beating the consensus estimate of $0.68 by $0.02. Oracle had a return on equity of 20.49% and a net margin of 25.48%. The company had revenue of $9.63 billion for the quarter, compared to analyst estimates of $9.57 billion. During the same period last year, the company earned $0.61 earnings per share. Oracle’s quarterly revenue was up 6.2% compared to the same quarter last year. research analysts anticipate that Oracle Co. will post 2.68 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 10th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.58%. The ex-dividend date was Tuesday, January 9th. Oracle’s payout ratio is currently 32.62%.

Oracle announced that its Board of Directors has initiated a share buyback program on Thursday, December 14th that permits the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization permits the enterprise software provider to purchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its stock is undervalued.

A number of equities research analysts recently weighed in on ORCL shares. Canaccord Genuity dropped their price objective on Oracle from $57.00 to $53.00 and set a “buy” rating on the stock in a research report on Friday, December 15th. Wedbush reiterated a “buy” rating and issued a $58.00 price target on shares of Oracle in a research note on Friday, December 15th. Vetr cut Oracle from a “buy” rating to a “hold” rating and set a $51.82 price target for the company. in a research note on Wednesday, January 17th. JPMorgan Chase & Co. set a $55.00 price target on Oracle and gave the company a “buy” rating in a research note on Tuesday, December 12th. Finally, BidaskClub upgraded Oracle from a “hold” rating to a “buy” rating in a research note on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and thirty have given a buy rating to the company’s stock. Oracle presently has an average rating of “Buy” and a consensus target price of $55.39.

In other news, EVP Dorian Daley sold 100,000 shares of Oracle stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $47.59, for a total value of $4,759,000.00. Following the sale, the executive vice president now directly owns 136,954 shares of the company’s stock, valued at $6,517,640.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of Oracle stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $48.40, for a total value of $181,500.00. Following the completion of the sale, the director now directly owns 18,125 shares in the company, valued at $877,250. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,956,250 shares of company stock worth $98,313,363. 29.00% of the stock is owned by corporate insiders.

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Oracle Profile

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.

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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