Oracle Co. (NYSE:ORCL) Shares Sold by ZWJ Investment Counsel Inc.

ZWJ Investment Counsel Inc. trimmed its position in Oracle Co. (NYSE:ORCL) by 2.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 661,542 shares of the enterprise software provider’s stock after selling 16,326 shares during the quarter. Oracle accounts for 3.0% of ZWJ Investment Counsel Inc.’s portfolio, making the stock its 3rd largest position. ZWJ Investment Counsel Inc.’s holdings in Oracle were worth $37,688,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of ORCL. Magellan Asset Management Ltd grew its position in Oracle by 0.5% in the fourth quarter. Magellan Asset Management Ltd now owns 30,936,949 shares of the enterprise software provider’s stock valued at $1,396,803,000 after acquiring an additional 148,974 shares during the period. Norges Bank bought a new stake in Oracle in the fourth quarter valued at $1,235,719,000. Clearbridge Investments LLC grew its position in Oracle by 1.7% in the first quarter. Clearbridge Investments LLC now owns 20,778,045 shares of the enterprise software provider’s stock valued at $1,115,989,000 after acquiring an additional 345,982 shares during the period. Nordea Investment Management AB grew its position in Oracle by 4.1% in the fourth quarter. Nordea Investment Management AB now owns 15,877,915 shares of the enterprise software provider’s stock valued at $716,891,000 after acquiring an additional 626,766 shares during the period. Finally, Boston Partners grew its position in Oracle by 5.0% in the first quarter. Boston Partners now owns 13,088,162 shares of the enterprise software provider’s stock valued at $702,965,000 after acquiring an additional 626,663 shares during the period. Institutional investors and hedge funds own 54.26% of the company’s stock.

A number of analysts have weighed in on the company. William Blair reiterated a “market perform” rating on shares of Oracle in a research report on Thursday, June 20th. Wedbush reiterated a “neutral” rating and issued a $55.00 price target (down from $55.92) on shares of Oracle in a research report on Thursday, June 20th. Barclays increased their target price on Oracle from $55.00 to $59.00 and gave the stock an “equal weight” rating in a report on Thursday, June 20th. Wells Fargo & Co increased their target price on Oracle from $60.00 to $65.00 and gave the stock an “outperform” rating in a report on Thursday, June 20th. Finally, Jefferies Financial Group increased their target price on Oracle from $61.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, June 20th. Three equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $54.58.

In related news, Director Hector Garcia-Molina sold 3,750 shares of the firm’s 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 transaction, the director now owns 27,969 shares in the company, valued at $1,524,869.88. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Naomi O. Seligman sold 90,000 shares of the firm’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $59.52, for a total value of $5,356,800.00. Following the completion of the transaction, the director now owns 82,310 shares in the company, valued at approximately $4,899,091.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,356,250 shares of company stock worth $76,913,375. 32.00% of the stock is owned by company insiders.

Oracle stock traded down $0.04 during mid-day trading on Friday, hitting $55.84. The stock had a trading volume of 12,644,400 shares, compared to its average volume of 10,684,940. The firm’s 50-day moving average is $57.41. The firm has a market cap of $186.41 billion, a PE ratio of 17.67, a PEG ratio of 1.63 and a beta of 1.15. Oracle Co. has a 12 month low of $42.40 and a 12 month high of $60.50. The company has a debt-to-equity ratio of 2.31, a current ratio of 2.49 and a quick ratio of 2.49.

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

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

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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