Oracle Co. (NYSE:ORCL) Shares Sold by State Treasurer State of Michigan

State Treasurer State of Michigan trimmed its holdings in shares of Oracle Co. (NYSE:ORCL) by 11.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,170,960 shares of the enterprise software provider’s stock after selling 153,400 shares during the quarter. State Treasurer State of Michigan’s holdings in Oracle were worth $66,710,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Appleton Partners Inc. MA increased its stake in Oracle by 2.9% during the second quarter. Appleton Partners Inc. MA now owns 6,170 shares of the enterprise software provider’s stock worth $351,000 after acquiring an additional 173 shares during the last quarter. Wedgewood Investors Inc. PA boosted its holdings 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 last quarter. Field & Main Bank boosted its holdings in Oracle by 5.7% in the second quarter. Field & Main Bank now owns 3,709 shares of the enterprise software provider’s stock valued at $211,000 after purchasing an additional 200 shares during the last quarter. Park Avenue Securities LLC boosted its holdings 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 last quarter. Finally, Joel Isaacson & Co. LLC boosted its holdings 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 last quarter. 54.26% of the stock is owned by hedge funds and other institutional investors.

In other Oracle news, Director Michael J. Boskin sold 150,000 shares of the firm’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $56.65, for a total transaction of $8,497,500.00. Following the transaction, the director now directly owns 134,796 shares in the company, valued at $7,636,193.40. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, 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 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 1,356,250 shares of company stock valued at $76,913,375. 32.00% of the stock is currently owned by insiders.

Shares of ORCL traded up $0.25 during trading hours on Tuesday, hitting $54.01. 9,252,669 shares of the company were exchanged, compared to its average volume of 10,625,214. The company has a market capitalization of $186.27 billion, a P/E ratio of 17.09, a PEG ratio of 1.63 and a beta of 1.15. The business’s fifty day moving average is $57.53. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 2.31. Oracle Co. has a one year low of $42.40 and a one year high of $60.50.

Oracle (NYSE:ORCL) last issued 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. The business had revenue of $11.14 billion during 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%. Oracle’s revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.99 earnings per share. Equities analysts anticipate that Oracle Co. will post 3.5 earnings per share for the current fiscal year.

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

A number of research analysts recently commented on ORCL shares. Raymond James increased their price target on Oracle from $57.00 to $61.00 and gave the company an “outperform” rating in a report on Thursday, June 20th. ValuEngine downgraded Oracle from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Morgan Stanley increased their target price on Oracle from $54.00 to $59.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 21st. 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. Finally, 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. Three investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and nine have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $54.58.

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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