Focused Wealth Management Inc Lowers Holdings in Oracle Co. (ORCL)

Focused Wealth Management Inc lessened its stake in Oracle Co. (NYSE:ORCL) by 27.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,661 shares of the enterprise software provider’s stock after selling 6,892 shares during the quarter. Focused Wealth Management Inc’s holdings in Oracle were worth $854,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Clearbridge Investments LLC boosted its stake in shares of Oracle by 148.9% in the 4th quarter. Clearbridge Investments LLC now owns 15,759,813 shares of the enterprise software provider’s stock valued at $745,124,000 after purchasing an additional 9,429,236 shares during the last quarter. Mackenzie Financial Corp boosted its stake in shares of Oracle by 50.2% in the 4th quarter. Mackenzie Financial Corp now owns 16,111,806 shares of the enterprise software provider’s stock valued at $761,766,000 after purchasing an additional 5,387,078 shares during the last quarter. OppenheimerFunds Inc. boosted its stake in shares of Oracle by 81.8% in the 4th quarter. OppenheimerFunds Inc. now owns 6,531,857 shares of the enterprise software provider’s stock valued at $308,826,000 after purchasing an additional 2,938,638 shares during the last quarter. Amundi Pioneer Asset Management Inc. boosted its stake in shares of Oracle by 100.9% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 5,580,604 shares of the enterprise software provider’s stock valued at $263,850,000 after purchasing an additional 2,803,359 shares during the last quarter. Finally, Polen Capital Management LLC boosted its stake in shares of Oracle by 21.7% in the 3rd 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 during the last quarter. Hedge funds and other institutional investors own 57.79% of the company’s stock.

Shares of Oracle opened at $46.32 on Friday, according to Marketbeat.com. The company has a debt-to-equity ratio of 1.16, a quick ratio of 4.30 and a current ratio of 4.33. Oracle Co. has a twelve month low of $43.74 and a twelve month high of $53.48. The company has a market capitalization of $191.75 billion, a price-to-earnings ratio of 16.91, a P/E/G ratio of 1.71 and a beta of 1.15.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, March 19th. The enterprise software provider reported $0.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.11. Oracle had a net margin of 9.25% and a return on equity of 21.77%. The company had revenue of $9.78 billion for the quarter, compared to the consensus estimate of $9.77 billion. During the same period last year, the company earned $0.69 earnings per share. The firm’s revenue was up 5.4% compared to the same quarter last year. analysts anticipate that Oracle Co. will post 2.76 earnings per share for the current year.

Oracle announced that its board has initiated a share buyback plan on Friday, February 2nd that allows the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization allows the enterprise software provider to purchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 1st. Stockholders of record on Tuesday, April 17th were issued a $0.19 dividend. The ex-dividend date of this dividend was Monday, April 16th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.64%. Oracle’s dividend payout ratio (DPR) is presently 30.52%.

In other news, Director Jeffrey Berg sold 75,000 shares of Oracle stock in a transaction that occurred on Thursday, April 12th. The shares were sold at an average price of $45.94, for a total value of $3,445,500.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Thomas Kurian sold 979,402 shares of Oracle stock in a transaction that occurred on Friday, May 4th. The shares were sold at an average price of $45.40, for a total transaction of $44,464,850.80. Following the completion of the sale, the insider now owns 114,871 shares in the company, valued at $5,215,143.40. The disclosure for this sale can be found here. Insiders sold 2,557,015 shares of company stock worth $117,480,315 over the last quarter. 29.00% of the stock is owned by corporate insiders.

Several research analysts have recently issued reports on the stock. Morgan Stanley reaffirmed a “buy” rating on shares of Oracle in a research note on Sunday, March 18th. Vetr raised shares of Oracle from a “hold” rating to a “buy” rating and set a $51.77 target price on the stock in a research note on Monday, February 5th. Nomura assumed coverage on shares of Oracle in a research note on Tuesday, January 23rd. They issued a “buy” rating and a $64.00 target price on the stock. Bank of America lowered shares of Oracle from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 20th. Finally, Credit Suisse Group reduced their target price on shares of Oracle from $62.00 to $60.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 20th. Seventeen investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $56.30.

About Oracle

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

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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