Shayne & CO. LLC Sells 1,220 Shares of Oracle Co. (NYSE:ORCL)

Shayne & CO. LLC reduced its holdings in Oracle Co. (NYSE:ORCL) by 5.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,651 shares of the enterprise software provider’s stock after selling 1,220 shares during the quarter. Oracle comprises 0.7% of Shayne & CO. LLC’s investment portfolio, making the stock its 10th biggest holding. Shayne & CO. LLC’s holdings in Oracle were worth $978,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Boston Private Wealth LLC lifted its holdings in shares of Oracle by 2.9% in the 3rd quarter. Boston Private Wealth LLC now owns 620,272 shares of the enterprise software provider’s stock valued at $31,981,000 after buying an additional 17,743 shares during the period. Pinkerton Retirement Specialists LLC lifted its holdings in shares of Oracle by 4.2% in the 3rd quarter. Pinkerton Retirement Specialists LLC now owns 33,340 shares of the enterprise software provider’s stock valued at $1,719,000 after buying an additional 1,359 shares during the period. Panagora Asset Management Inc. lifted its holdings in shares of Oracle by 9.2% in the 3rd quarter. Panagora Asset Management Inc. now owns 109,720 shares of the enterprise software provider’s stock valued at $5,657,000 after buying an additional 9,272 shares during the period. Parkwood LLC lifted its holdings in shares of Oracle by 39.9% in the 3rd quarter. Parkwood LLC now owns 108,639 shares of the enterprise software provider’s stock valued at $5,601,000 after buying an additional 31,002 shares during the period. Finally, Meiji Yasuda Life Insurance Co lifted its holdings in shares of Oracle by 2.6% in the 3rd quarter. Meiji Yasuda Life Insurance Co now owns 89,935 shares of the enterprise software provider’s stock valued at $4,637,000 after buying an additional 2,250 shares during the period. 47.39% of the stock is owned by institutional investors and hedge funds.

In other news, CEO Mark V. Hurd sold 1,200,000 shares of the firm’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $53.83, for a total transaction of $64,596,000.00. Following the sale, the chief executive officer now owns 1,664,227 shares in the company, valued at $89,585,339.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Dorian Daley sold 125,000 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $52.84, for a total value of $6,605,000.00. The disclosure for this sale can be found here. Insiders have sold 1,773,750 shares of company stock worth $95,395,063 in the last 90 days. Insiders own 32.00% of the company’s stock.

Oracle stock traded up $0.04 during mid-day trading on Friday, hitting $54.52. 8,233,110 shares of the company were exchanged, compared to its average volume of 10,411,629. The company has a debt-to-equity ratio of 2.13, a quick ratio of 2.65 and a current ratio of 2.65. The company has a market capitalization of $225.69 billion, a price-to-earnings ratio of 19.33, a PEG ratio of 1.81 and a beta of 1.08. Oracle Co. has a 12-month low of $42.40 and a 12-month high of $54.91.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Thursday, March 14th. The enterprise software provider reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.02. The company had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.59 billion. Oracle had a return on equity of 34.03% and a net margin of 27.14%. Oracle’s revenue was down .7% compared to the same quarter last year. During the same quarter last year, the business posted $0.83 earnings per share. On average, analysts forecast that Oracle Co. will post 3.08 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Thursday, April 11th will be given a dividend of $0.24 per share. This is an increase from Oracle’s previous quarterly dividend of $0.19. The ex-dividend date is Wednesday, April 10th. This represents a $0.96 annualized dividend and a yield of 1.76%. Oracle’s dividend payout ratio (DPR) is presently 34.04%.

Several analysts have recently commented on the company. Zacks Investment Research raised Oracle from a “sell” rating to a “hold” rating in a report on Thursday, February 28th. Royal Bank of Canada raised their price target on Oracle to $57.00 and gave the company a “sector perform” rating in a report on Friday, March 15th. DZ Bank reissued a “sell” rating on shares of Oracle in a report on Tuesday, March 19th. BNP Paribas assumed coverage on Oracle in a report on Friday, March 29th. They issued a “neutral” rating and a $50.00 price target for the company. Finally, Raymond James raised their price target on Oracle from $54.00 to $57.00 and gave the company an “outperform” rating in a report on Friday, March 15th. Three analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $52.53.

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Oracle Company Profile

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

Further Reading: Hedge Funds

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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