Sigma Planning Corp Sells 8,972 Shares of Oracle Co. (NYSE:ORCL)

Sigma Planning Corp cut its position in shares of Oracle Co. (NYSE:ORCL) by 21.6% in the second quarter, Holdings Channel reports. The institutional investor owned 32,581 shares of the enterprise software provider’s stock after selling 8,972 shares during the period. Sigma Planning Corp’s holdings in Oracle were worth $2,536,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ORCL. Whale Rock Capital Management LLC bought a new position in shares of Oracle during the first quarter worth about $364,127,000. Liberty Wealth Management LLC grew its stake in Oracle by 17,204.4% in the second quarter. Liberty Wealth Management LLC now owns 1,745,320 shares of the enterprise software provider’s stock valued at $22,422,000 after purchasing an additional 1,735,234 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its stake in Oracle by 39,163.6% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,562,690 shares of the enterprise software provider’s stock valued at $121,640,000 after purchasing an additional 1,558,710 shares in the last quarter. Mn Services Vermogensbeheer B.V. bought a new position in Oracle in the second quarter valued at approximately $92,111,000. Finally, Bank of Montreal Can grew its stake in Oracle by 40.6% in the second quarter. Bank of Montreal Can now owns 3,702,785 shares of the enterprise software provider’s stock valued at $296,963,000 after purchasing an additional 1,069,775 shares in the last quarter. Institutional investors and hedge funds own 44.47% of the company’s stock.

ORCL has been the subject of several research analyst reports. lifted their target price on Oracle from $69.00 to $80.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 16th. DZ Bank downgraded Oracle from a “hold” rating to a “sell” rating and set a $82.00 target price for the company. in a research note on Tuesday, August 10th. TheStreet downgraded Oracle from a “b” rating to a “c+” rating in a research note on Tuesday, September 14th. Needham & Company LLC reiterated a “hold” rating on shares of Oracle in a research note on Tuesday, September 14th. Finally, BMO Capital Markets lifted their price target on Oracle from $88.00 to $100.00 and gave the stock a “market perform” rating in a report on Tuesday, September 14th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $81.44.

In other news, Director Rona Alison Fairhead purchased 1,286 shares of the company’s stock in a transaction that occurred on Monday, September 20th. The shares were acquired at an average cost of $85.12 per share, with a total value of $109,464.32. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Vice Chairman Jeffrey Henley sold 135,741 shares of the company’s stock in a transaction that occurred on Friday, September 24th. The stock was sold at an average price of $90.01, for a total value of $12,218,047.41. The disclosure for this sale can be found here. Insiders have sold a total of 502,376 shares of company stock worth $45,247,196 in the last 90 days. 39.10% of the stock is currently owned by corporate insiders.

Oracle stock opened at $96.40 on Thursday. The company has a debt-to-equity ratio of 12.77, a quick ratio of 2.30 and a current ratio of 2.30. Oracle Co. has a 52 week low of $55.14 and a 52 week high of $96.99. The stock has a market capitalization of $263.96 billion, a P/E ratio of 21.09, a price-to-earnings-growth ratio of 2.53 and a beta of 0.80. The stock has a fifty day moving average of $89.80 and a 200-day moving average of $83.59.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Sunday, September 12th. The enterprise software provider reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.06. The company had revenue of $9.73 billion during the quarter, compared to analysts’ expectations of $9.77 billion. Oracle had a return on equity of 146.83% and a net margin of 33.96%. Oracle’s revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.82 EPS. On average, research analysts forecast that Oracle Co. will post 4.17 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 26th. Investors of record on Tuesday, October 12th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, October 8th. This represents a $1.28 dividend on an annualized basis and a yield of 1.33%. Oracle’s dividend payout ratio is currently 30.77%.

Oracle Company Profile

Oracle Corp. engages in the provision of products and services that address all aspects of corporate information technology environments. It operates through the following business segments: Cloud and License, Hardware, and Services. The Cloud and License segment markets, sells, and delivers applications, platform, and infrastructure technologies.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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