Oracle Co. (ORCL) Holdings Lowered by Stifel Financial Corp

Stifel Financial Corp decreased its holdings in shares of Oracle Co. (NYSE:ORCL) by 0.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,357,937 shares of the enterprise software provider’s stock after selling 9,532 shares during the period. Stifel Financial Corp’s holdings in Oracle were worth $61,300,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Panagora Asset Management Inc. boosted its holdings in shares of Oracle by 9.2% in the third quarter. Panagora Asset Management Inc. now owns 109,720 shares of the enterprise software provider’s stock worth $5,657,000 after acquiring an additional 9,272 shares during the period. Annex Advisory Services LLC boosted its holdings in shares of Oracle by 8.0% in the third quarter. Annex Advisory Services LLC now owns 53,438 shares of the enterprise software provider’s stock worth $2,755,000 after acquiring an additional 3,964 shares during the period. Primecap Management Co. CA boosted its holdings in shares of Oracle by 1.1% in the third quarter. Primecap Management Co. CA now owns 8,219,617 shares of the enterprise software provider’s stock worth $423,803,000 after acquiring an additional 89,700 shares during the period. Honkamp Krueger Financial Services Inc. boosted its stake in Oracle by 9.2% during the third quarter. Honkamp Krueger Financial Services Inc. now owns 12,599 shares of the enterprise software provider’s stock valued at $650,000 after buying an additional 1,059 shares during the period. Finally, Gardner Russo & Gardner LLC bought a new stake in Oracle during the third quarter valued at $206,000. Institutional investors own 47.34% of the company’s stock.

Several equities research analysts have issued reports on ORCL shares. BMO Capital Markets lowered Oracle from an “outperform” rating to a “market perform” rating and set a $53.00 price target for the company. in a research note on Friday, March 15th. Barclays lowered Oracle from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $60.00 to $55.00 in a research note on Wednesday, January 9th. Atlantic Securities started coverage on Oracle in a research note on Wednesday, January 9th. They set an “underweight” rating and a $45.00 price target for the company. Morgan Stanley lowered Oracle from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $57.00 to $53.00 in a research note on Tuesday, January 15th. Finally, Zacks Investment Research lowered Oracle from a “hold” rating to a “sell” rating in a research note on Tuesday, March 12th. Three investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $52.53.

In other Oracle news, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction on Friday, February 15th. The shares were sold at an average price of $51.51, for a total transaction of $193,162.50. Following the completion of the sale, the director now directly owns 27,969 shares in the company, valued at approximately $1,440,683.19. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Jeffrey Henley sold 400,000 shares of the stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $54.03, for a total value of $21,612,000.00. Following the completion of the sale, the insider now owns 400,000 shares of the company’s stock, valued at approximately $21,612,000. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,873,750 shares of company stock valued at $100,896,063. Company insiders own 32.00% of the company’s stock.

Shares of ORCL traded up $0.40 during mid-day trading on Friday, reaching $55.41. The company had a trading volume of 6,978,701 shares, compared to its average volume of 14,123,085. The company has a quick ratio of 2.65, a current ratio of 2.65 and a debt-to-equity ratio of 2.13. Oracle Co. has a 52 week low of $42.40 and a 52 week high of $55.53. The stock has a market cap of $227.43 billion, a P/E ratio of 19.65, a P/E/G ratio of 1.82 and a beta of 1.08.

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

The business also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Thursday, April 11th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Wednesday, April 10th. This is a positive change from Oracle’s previous quarterly dividend of $0.19. This represents a $0.96 dividend on an annualized basis and a yield of 1.73%. Oracle’s payout ratio is currently 34.04%.

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Oracle 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.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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