Wetherby Asset Management Inc. Raises Stock Position in Oracle Co. (NYSE:ORCL)

Wetherby Asset Management Inc. lifted its stake in shares of Oracle Co. (NYSE:ORCL) by 1.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 70,590 shares of the enterprise software provider’s stock after buying an additional 896 shares during the quarter. Wetherby Asset Management Inc.’s holdings in Oracle were worth $4,021,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Appleton Partners Inc. MA raised its position in Oracle by 2.9% during the 2nd quarter. Appleton Partners Inc. MA now owns 6,170 shares of the enterprise software provider’s stock worth $351,000 after buying an additional 173 shares during the last quarter. Wedgewood Investors Inc. PA raised its position in Oracle by 4.1% during the 1st quarter. Wedgewood Investors Inc. PA now owns 4,650 shares of the enterprise software provider’s stock worth $250,000 after buying an additional 185 shares during the last quarter. Field & Main Bank raised its position in Oracle by 5.7% during the 2nd quarter. Field & Main Bank now owns 3,709 shares of the enterprise software provider’s stock worth $211,000 after buying an additional 200 shares during the last quarter. Park Avenue Securities LLC raised its position in Oracle by 2.6% during the 1st quarter. Park Avenue Securities LLC now owns 8,064 shares of the enterprise software provider’s stock worth $440,000 after buying an additional 202 shares during the last quarter. Finally, Joel Isaacson & Co. LLC raised its position in Oracle by 2.1% during the 1st quarter. Joel Isaacson & Co. LLC now owns 10,158 shares of the enterprise software provider’s stock worth $546,000 after buying an additional 205 shares during the last quarter. Institutional investors and hedge funds own 54.26% of the company’s stock.

In other Oracle news, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $54.52, for a total transaction of $204,450.00. Following the sale, the director now directly owns 27,969 shares of the company’s stock, valued at approximately $1,524,869.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Naomi O. Seligman sold 90,000 shares of the firm’s 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 sale, the director now directly owns 82,310 shares in the company, valued at $4,899,091.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,356,250 shares of company stock worth $76,913,375. 32.00% of the stock is owned by corporate insiders.

A number of research firms have recently weighed in on ORCL. Macquarie cut shares of Oracle from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $56.00 to $55.00 in a research note on Tuesday, June 18th. They noted that the move was a valuation call. Wedbush reaffirmed a “neutral” rating and set a $55.00 price target (down from $55.92) on shares of Oracle in a research note on Thursday, June 20th. ValuEngine cut shares of Oracle from a “buy” rating to a “hold” rating in a research note on Thursday. Wells Fargo & Co upped their price target on shares of Oracle from $60.00 to $65.00 and gave the stock an “outperform” rating in a research note on Thursday, June 20th. Finally, UBS Group reaffirmed a “neutral” rating and set a $54.00 price target on shares of Oracle in a research note on Friday, June 14th. Three analysts have rated the stock with a sell rating, twenty have assigned a hold rating and nine have issued a buy rating to the company’s stock. Oracle currently has a consensus rating of “Hold” and a consensus price target of $54.58.

NYSE ORCL traded down $1.80 during trading hours on Monday, reaching $54.04. The company’s stock had a trading volume of 404,138 shares, compared to its average volume of 10,684,940. The company has a market cap of $186.27 billion, a PE ratio of 17.12, a PEG ratio of 1.63 and a beta of 1.15. Oracle Co. has a fifty-two week low of $42.40 and a fifty-two week high of $60.50. The business’s 50-day moving average price is $57.41. The company has a debt-to-equity ratio of 2.31, a quick ratio of 2.49 and a current ratio of 2.49.

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

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th were paid a $0.24 dividend. The ex-dividend date was Tuesday, July 16th. This represents a $0.96 dividend on an annualized basis and a yield of 1.78%. Oracle’s payout ratio is 30.38%.

About Oracle

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: What is a portfolio manager?

Want to see what other hedge funds are holding ORCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oracle Co. (NYSE:ORCL).

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.