Oracle Co. (NYSE:ORCL) Shares Sold by Bank of New Hampshire

Bank of New Hampshire cut its stake in shares of Oracle Co. (NYSE:ORCLFree Report) by 2.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,354 shares of the enterprise software provider’s stock after selling 539 shares during the period. Bank of New Hampshire’s holdings in Oracle were worth $2,808,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Norges Bank purchased a new stake in shares of Oracle during the 4th quarter worth approximately $1,210,181,000. Wellington Management Group LLP lifted its position in shares of Oracle by 9,299.3% during the 3rd quarter. Wellington Management Group LLP now owns 8,170,999 shares of the enterprise software provider’s stock worth $865,472,000 after buying an additional 8,084,067 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Oracle by 5.7% during the 3rd quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock worth $15,599,200,000 after buying an additional 7,883,515 shares during the last quarter. Boston Partners lifted its position in shares of Oracle by 382.4% during the 4th quarter. Boston Partners now owns 4,563,366 shares of the enterprise software provider’s stock worth $481,820,000 after buying an additional 3,617,413 shares during the last quarter. Finally, Capital World Investors lifted its position in shares of Oracle by 22.1% during the 4th quarter. Capital World Investors now owns 18,384,162 shares of the enterprise software provider’s stock worth $1,938,242,000 after buying an additional 3,323,334 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Oracle

In other Oracle news, 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 sale, the director now owns 87,473 shares in the company, valued at approximately $10,299,071.02. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Oracle news, CEO Safra Catz sold 790,000 shares of Oracle stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the transaction, 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 document filed with the SEC, which is available at this hyperlink. Also, Director Michael J. Boskin sold 45,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $117.74, for a total value 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 sold 880,000 shares of company stock worth $110,488,150 in the last quarter. 42.80% of the stock is owned by company insiders.

Oracle Stock Performance

NYSE ORCL traded down $1.13 during trading hours on Friday, hitting $141.78. The company had a trading volume of 4,756,055 shares, compared to its average volume of 8,520,347. The firm has a market cap of $389.68 billion, a P/E ratio of 38.24, a price-to-earnings-growth ratio of 2.59 and a beta of 1.01. The company has a quick ratio of 0.85, a current ratio of 0.71 and a debt-to-equity ratio of 8.25. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $145.32. The business has a fifty day simple moving average of $122.66 and a 200-day simple moving average of $116.88.

Oracle (NYSE:ORCLGet Free Report) last issued its quarterly earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). The business had revenue of $14.29 billion for 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%. Oracle’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period last year, the business posted $1.35 earnings per share. Equities analysts predict that Oracle Co. will post 5.01 EPS for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, July 11th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend is Thursday, July 11th. Oracle’s payout ratio is currently 43.13%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. BMO Capital Markets boosted their target price on shares of Oracle from $142.00 to $160.00 and gave the stock a “market perform” rating in a research report on Monday. Argus upped their target price on shares of Oracle from $145.00 to $159.00 and gave the company a “buy” rating in a report on Tuesday. Morgan Stanley upped their target price on shares of Oracle from $115.00 to $125.00 and gave the company an “equal weight” rating in a report on Wednesday, June 12th. HSBC upped their target price on shares of Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. Finally, William Blair upgraded shares of Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. Fourteen research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $144.79.

View Our Latest Analysis on Oracle

Oracle Company 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.

Featured Articles

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

Receive News & Ratings for Oracle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle and related companies with MarketBeat.com's FREE daily email newsletter.