Private Vista LLC Sells 10,053 Shares of Oracle Co. (NYSE:ORCL)

Private Vista LLC decreased its position in shares of Oracle Co. (NYSE:ORCL) by 57.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,474 shares of the enterprise software provider’s stock after selling 10,053 shares during the quarter. Private Vista LLC’s holdings in Oracle were worth $426,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Wedgewood Investors Inc. PA raised its position in Oracle by 4.1% in the first quarter. Wedgewood Investors Inc. PA now owns 4,650 shares of the enterprise software provider’s stock valued at $250,000 after purchasing an additional 185 shares during the period. Park Avenue Securities LLC raised its position in Oracle by 2.6% in the first quarter. Park Avenue Securities LLC now owns 8,064 shares of the enterprise software provider’s stock valued at $440,000 after purchasing an additional 202 shares during the period. Joel Isaacson & Co. LLC raised its position in Oracle by 2.1% in the first quarter. Joel Isaacson & Co. LLC now owns 10,158 shares of the enterprise software provider’s stock valued at $546,000 after purchasing an additional 205 shares during the period. JFS Wealth Advisors LLC grew its stake in shares of Oracle by 9.0% in the first quarter. JFS Wealth Advisors LLC now owns 2,512 shares of the enterprise software provider’s stock valued at $135,000 after buying an additional 207 shares in the last quarter. Finally, Rockland Trust Co. grew its stake in shares of Oracle by 2.6% in the second quarter. Rockland Trust Co. now owns 8,262 shares of the enterprise software provider’s stock valued at $471,000 after buying an additional 209 shares in the last quarter. 54.26% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have recently weighed in on ORCL. Barclays lifted their price objective on Oracle from $55.00 to $59.00 and gave the company an “equal weight” rating in a research note on Thursday, June 20th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $59.00 price objective (up from $53.00) on shares of Oracle in a research note on Thursday, June 20th. Goldman Sachs Group reaffirmed a “buy” rating and issued a $58.00 price objective on shares of Oracle in a research note on Thursday, June 20th. Wells Fargo & Co lifted their price objective on Oracle from $60.00 to $65.00 and gave the company an “outperform” rating in a research note on Thursday, June 20th. Finally, Morgan Stanley lifted their price objective on Oracle from $54.00 to $59.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 21st. Three equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and ten have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $54.58.

ORCL traded down $0.52 on Thursday, hitting $55.78. 5,223,098 shares of the company were exchanged, compared to its average volume of 10,635,440. Oracle Co. has a twelve month low of $42.40 and a twelve month high of $60.50. The stock has a market capitalization of $193.68 billion, a P/E ratio of 17.65, a price-to-earnings-growth ratio of 1.70 and a beta of 1.15. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 2.31. The business has a 50-day moving average price of $57.33.

Oracle (NYSE:ORCL) last released its earnings results on Wednesday, June 19th. The enterprise software provider reported $1.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.18. Oracle had a return on equity of 40.95% and a net margin of 28.06%. The firm had revenue of $11.14 billion during the quarter, compared to analysts’ expectations of $10.93 billion. During the same period in the previous year, the firm posted $0.99 EPS. Oracle’s revenue for the quarter was up 1.1% on a year-over-year basis. Research analysts forecast that Oracle Co. will post 3.5 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, July 16th. This represents a $0.96 annualized dividend and a yield of 1.72%. Oracle’s payout ratio is 30.38%.

In other Oracle news, Director Naomi O. Seligman sold 90,000 shares of Oracle stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $59.52, for a total transaction of $5,356,800.00. Following the completion of the sale, the director now directly owns 82,310 shares of the company’s stock, valued at approximately $4,899,091.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of Oracle stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $54.52, for a total value of $204,450.00. Following the sale, the director now directly owns 27,969 shares of the company’s stock, valued at $1,524,869.88. The disclosure for this sale can be found here. Insiders have sold a total of 1,356,250 shares of company stock valued at $76,913,375 over the last three months. 32.00% of the stock is currently owned by insiders.

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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