Northpointe Capital LLC Trims Stock Position in Oracle Co. (NYSE:ORCL)

Northpointe Capital LLC cut its stake in shares of Oracle Co. (NYSE:ORCL) by 26.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 55,909 shares of the enterprise software provider’s stock after selling 20,051 shares during the quarter. Northpointe Capital LLC’s holdings in Oracle were worth $3,185,000 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 grew its holdings in Oracle by 2.9% in the second quarter. Appleton Partners Inc. MA now owns 6,170 shares of the enterprise software provider’s stock worth $351,000 after purchasing an additional 173 shares during the last quarter. Wedgewood Investors Inc. PA lifted its stake in shares of Oracle by 4.1% during the first 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 period. Field & Main Bank lifted its stake in shares of Oracle by 5.7% during the second 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 period. Park Avenue Securities LLC lifted its stake in shares of Oracle by 2.6% during the first 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 period. Finally, Joel Isaacson & Co. LLC lifted its stake in shares of Oracle by 2.1% during the first 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 period. 54.26% of the stock is currently owned by institutional investors and hedge funds.

ORCL has been the subject of several research reports. Goldman Sachs Group reiterated a “buy” rating and set 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 shares of Oracle from $60.00 to $65.00 and gave the stock an “outperform” rating in a research note on Thursday, June 20th. UBS Group reiterated a “neutral” rating and set a $54.00 price objective on shares of Oracle in a research note on Friday, June 14th. Zacks Investment Research upgraded shares of Oracle from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a research note on Wednesday, May 15th. Finally, Wedbush reiterated a “neutral” rating and set a $55.00 price objective (down from $55.92) on shares of Oracle in a research note on Thursday, June 20th. Three analysts have rated the stock with a sell rating, twenty have given a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $54.58.

In other Oracle news, EVP W Corey West sold 100,000 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $58.00, for a total value of $5,800,000.00. Following the completion of the transaction, the executive vice president now owns 60,268 shares in the company, valued at $3,495,544. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Naomi O. Seligman sold 90,000 shares of the company’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 completion of the transaction, the director now owns 82,310 shares of the company’s stock, valued at approximately $4,899,091.20. The disclosure for this sale can be found here. Insiders have sold 1,356,250 shares of company stock valued at $76,913,375 over the last 90 days. 32.00% of the stock is currently owned by insiders.

NYSE ORCL opened at $53.96 on Wednesday. The firm has a market capitalization of $186.27 billion, a P/E ratio of 17.08, a PEG ratio of 1.63 and a beta of 1.15. The firm’s fifty day simple moving average is $57.54. Oracle Co. has a 1 year low of $42.40 and a 1 year high of $60.50. 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 (NYSE:ORCL) last posted its earnings results on Wednesday, June 19th. The enterprise software provider reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.18. The company had revenue of $11.14 billion during the quarter, compared to the consensus estimate of $10.93 billion. Oracle had a net margin of 28.06% and a return on equity of 40.95%. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.99 earnings per share. As a group, equities analysts predict that Oracle Co. will post 3.5 earnings per share for the current year.

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