Los Angeles Capital Management LLC Reduces Stock Position in Oracle Co. (NYSE:ORCL)

Los Angeles Capital Management LLC lessened its holdings in Oracle Co. (NYSE:ORCLFree Report) by 37.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 140,918 shares of the enterprise software provider’s stock after selling 85,530 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Oracle were worth $17,701,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of ORCL. Contour Asset Management LLC boosted its stake in Oracle by 41.5% in the fourth quarter. Contour Asset Management LLC now owns 2,192,950 shares of the enterprise software provider’s stock valued at $231,203,000 after acquiring an additional 643,490 shares in the last quarter. Sandy Spring Bank boosted its stake in shares of Oracle by 1.4% during the fourth quarter. Sandy Spring Bank now owns 78,049 shares of the enterprise software provider’s stock worth $8,229,000 after buying an additional 1,107 shares during the period. Hancock Whitney Corp boosted its stake in shares of Oracle by 12.7% during the fourth quarter. Hancock Whitney Corp now owns 29,301 shares of the enterprise software provider’s stock worth $3,089,000 after buying an additional 3,291 shares during the period. LVM Capital Management Ltd. MI boosted its stake in shares of Oracle by 3.5% during the fourth quarter. LVM Capital Management Ltd. MI now owns 5,986 shares of the enterprise software provider’s stock worth $631,000 after buying an additional 200 shares during the period. Finally, Heritage Wealth Advisors boosted its stake in shares of Oracle by 0.6% during the fourth quarter. Heritage Wealth Advisors now owns 16,995 shares of the enterprise software provider’s stock worth $1,792,000 after buying an additional 109 shares during the period. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

ORCL has been the subject of several recent research reports. Sanford C. Bernstein increased their target price on shares of Oracle from $159.00 to $171.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 12th. William Blair upgraded shares of Oracle from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 12th. Oppenheimer initiated coverage on shares of Oracle in a research note on Thursday, April 18th. They set a “market perform” rating for the company. Morgan Stanley raised their price objective on shares of Oracle from $115.00 to $125.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 12th. Finally, Citigroup reduced their price objective on shares of Oracle from $133.00 to $128.00 and set a “neutral” rating for the company in a research report on Monday, June 10th. Fourteen research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $144.79.

Read Our Latest Research Report on Oracle

Insider Buying and Selling at Oracle

In related news, CEO Safra Catz sold 790,000 shares of Oracle stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Safra Catz sold 790,000 shares of the business’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total value of $99,966,600.00. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael J. Boskin sold 45,000 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $117.74, for a total transaction of $5,298,300.00. Following the completion of the sale, the director now directly owns 87,473 shares of the company’s stock, valued at approximately $10,299,071.02. The disclosure for this sale can be found here. Insiders have sold a total of 880,000 shares of company stock worth $110,488,150 in the last quarter. 42.80% of the stock is owned by insiders.

Oracle Trading Up 2.4 %

ORCL stock traded up $3.33 during midday trading on Wednesday, hitting $144.64. The stock had a trading volume of 11,629,395 shares, compared to its average volume of 10,250,644. The firm has a market cap of $397.54 billion, a PE ratio of 38.99, a price-to-earnings-growth ratio of 2.53 and a beta of 1.01. The company’s 50-day moving average price is $121.81 and its 200 day moving average price is $116.50. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $145.06. The company has a debt-to-equity ratio of 8.25, a current ratio of 0.71 and a quick ratio of 0.85.

Oracle (NYSE:ORCLGet Free Report) last announced its quarterly earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). The company had revenue of $14.29 billion during the quarter, compared to analyst estimates of $14.57 billion. Oracle had a net margin of 19.76% and a return on equity of 223.01%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.35 EPS. On average, equities research analysts predict that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th will be issued a $0.40 dividend. The ex-dividend date is Thursday, July 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.11%. Oracle’s dividend payout ratio (DPR) is presently 43.13%.

Oracle Profile

(Free Report)

Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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