Oracle Co. (ORCL) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC cut its holdings in Oracle Co. (NYSE:ORCL) by 42.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 46,184 shares of the enterprise software provider’s stock after selling 34,052 shares during the quarter. Private Advisor Group LLC’s holdings in Oracle were worth $2,111,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in ORCL. First Eagle Investment Management LLC raised its holdings in Oracle by 0.3% in the first quarter. First Eagle Investment Management LLC now owns 40,847,782 shares of the enterprise software provider’s stock worth $1,868,786,000 after purchasing an additional 109,107 shares during the period. Geode Capital Management LLC raised its holdings in Oracle by 3.8% in the fourth quarter. Geode Capital Management LLC now owns 31,379,477 shares of the enterprise software provider’s stock worth $1,480,412,000 after purchasing an additional 1,141,974 shares during the period. Magellan Asset Management Ltd raised its holdings in Oracle by 5.6% in the fourth quarter. Magellan Asset Management Ltd now owns 27,762,703 shares of the enterprise software provider’s stock worth $1,312,621,000 after purchasing an additional 1,472,819 shares during the period. Boston Partners raised its holdings in Oracle by 0.7% in the first quarter. Boston Partners now owns 24,538,967 shares of the enterprise software provider’s stock worth $1,122,658,000 after purchasing an additional 158,593 shares during the period. Finally, Vulcan Value Partners LLC raised its holdings in Oracle by 5.4% in the fourth quarter. Vulcan Value Partners LLC now owns 23,002,309 shares of the enterprise software provider’s stock worth $1,087,549,000 after purchasing an additional 1,175,848 shares during the period. 56.43% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Edward Screven sold 500,000 shares of Oracle stock in a transaction dated Thursday, May 10th. The shares were sold at an average price of $46.89, for a total value of $23,445,000.00. Following the completion of the transaction, the insider now owns 2,644,595 shares of the company’s stock, valued at approximately $124,005,059.55. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of Oracle stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $52.19, for a total transaction of $195,712.50. Following the completion of the transaction, the director now directly owns 18,125 shares of the company’s stock, valued at approximately $945,943.75. The disclosure for this sale can be found here. In the last three months, insiders sold 2,557,015 shares of company stock valued at $117,480,315. Insiders own 29.00% of the company’s stock.

ORCL has been the topic of several analyst reports. TheStreet lowered shares of Oracle from a “b+” rating to a “c+” rating in a report on Monday, March 19th. Credit Suisse Group reiterated a “buy” rating and issued a $62.00 target price on shares of Oracle in a report on Sunday, February 18th. Zacks Investment Research upgraded shares of Oracle from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a report on Friday, March 23rd. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $55.00 target price on shares of Oracle in a report on Tuesday, March 20th. Finally, Cleveland Research lowered shares of Oracle from a “buy” rating to a “neutral” rating in a report on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and twenty-three have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $56.30.

Shares of ORCL stock opened at $47.00 on Friday. The company has a current ratio of 4.33, a quick ratio of 4.30 and a debt-to-equity ratio of 1.16. Oracle Co. has a 1 year low of $43.74 and a 1 year high of $53.48. The firm has a market capitalization of $194.56 billion, a price-to-earnings ratio of 18.88, a price-to-earnings-growth ratio of 1.74 and a beta of 1.15.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, March 19th. The enterprise software provider reported $0.83 earnings per share (EPS) for the quarter, beating the 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 firm had revenue of $9.78 billion for the quarter, compared to analyst estimates of $9.77 billion. During the same period in the previous year, the business earned $0.69 EPS. The company’s revenue was up 5.4% compared to the same quarter last year. research analysts expect that Oracle Co. will post 2.76 EPS for the current year.

Oracle declared that its Board of Directors has approved a share repurchase plan on Friday, February 2nd that permits the company to repurchase $12.00 billion in shares. This repurchase authorization permits the enterprise software provider to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 1st. Stockholders of record on Tuesday, April 17th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend was Monday, April 16th. Oracle’s dividend payout ratio (DPR) is presently 30.52%.

Oracle Profile

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.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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