Oracle Co. (NYSE:ORCL) Shares Sold by Shayne & Jacobs LLC

Shayne & Jacobs LLC lessened its stake in Oracle Co. (NYSE:ORCLFree Report) by 70.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 5,202 shares of the enterprise software provider’s stock after selling 12,336 shares during the quarter. Shayne & Jacobs LLC’s holdings in Oracle were worth $551,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in ORCL. Fairfield Bush & CO. increased its stake in Oracle by 3.1% in the first quarter. Fairfield Bush & CO. now owns 73,791 shares of the enterprise software provider’s stock valued at $6,105,000 after purchasing an additional 2,221 shares during the last quarter. AMI Investment Management Inc. lifted its holdings in shares of Oracle by 2.9% in the 1st quarter. AMI Investment Management Inc. now owns 20,467 shares of the enterprise software provider’s stock worth $1,693,000 after purchasing an additional 579 shares during the last quarter. Baird Financial Group Inc. lifted its holdings in shares of Oracle by 29.2% in the 1st quarter. Baird Financial Group Inc. now owns 588,460 shares of the enterprise software provider’s stock worth $48,686,000 after purchasing an additional 132,920 shares during the last quarter. Zions Bancorporation N.A. increased its position in Oracle by 79.6% in the 1st quarter. Zions Bancorporation N.A. now owns 6,854 shares of the enterprise software provider’s stock valued at $567,000 after acquiring an additional 3,038 shares during the period. Finally, Covestor Ltd increased its position in shares of Oracle by 125.2% during the 1st quarter. Covestor Ltd now owns 1,995 shares of the enterprise software provider’s stock valued at $165,000 after purchasing an additional 1,109 shares during the period. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling

In related news, Director Naomi O. Seligman sold 16,300 shares of the company’s stock in a transaction on Friday, December 22nd. The shares were sold at an average price of $106.02, for a total transaction of $1,728,126.00. Following the completion of the transaction, the director now owns 34,771 shares in the company, valued at $3,686,421.42. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director George H. Conrades sold 2,325 shares of the stock in a transaction on Monday, November 13th. The shares were sold at an average price of $113.76, for a total value of $264,492.00. Following the sale, the director now owns 17,836 shares of the company’s stock, valued at $2,029,023.36. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Naomi O. Seligman sold 16,300 shares of the stock in a transaction on Friday, December 22nd. The shares were sold at an average price of $106.02, for a total transaction of $1,728,126.00. Following the completion of the sale, the director now directly owns 34,771 shares in the company, valued at approximately $3,686,421.42. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,950 shares of company stock worth $2,252,948. 42.80% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Evercore ISI decreased their target price on Oracle from $135.00 to $130.00 and set an “outperform” rating for the company in a research report on Tuesday, December 12th. Morgan Stanley dropped their price objective on Oracle from $107.00 to $106.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 12th. BMO Capital Markets decreased their price objective on Oracle from $130.00 to $126.00 and set a “market perform” rating on the stock in a report on Tuesday, December 12th. Wolfe Research reduced their target price on Oracle from $140.00 to $130.00 and set an “outperform” rating on the stock in a report on Tuesday, December 12th. Finally, StockNews.com cut shares of Oracle from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. Eleven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, Oracle presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.00.

Check Out Our Latest Stock Analysis on ORCL

Oracle Price Performance

Shares of ORCL traded down $1.06 during mid-day trading on Tuesday, reaching $115.33. The stock had a trading volume of 2,853,102 shares, compared to its average volume of 7,852,837. The firm has a market cap of $317.03 billion, a price-to-earnings ratio of 32.15, a PEG ratio of 2.21 and a beta of 1.02. Oracle Co. has a 12 month low of $82.04 and a 12 month high of $127.54. The business has a fifty day moving average of $108.93 and a 200 day moving average of $111.44. The company has a debt-to-equity ratio of 18.84, a quick ratio of 0.79 and a current ratio of 0.79.

Oracle (NYSE:ORCLGet Free Report) last posted its quarterly earnings results on Monday, December 11th. The enterprise software provider reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.01. The business had revenue of $12.94 billion during the quarter, compared to analyst estimates of $13.05 billion. Oracle had a net margin of 19.64% and a return on equity of 703.26%. The company’s revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.21 earnings per share. Equities analysts predict that Oracle Co. will post 4.45 EPS for the current year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 25th. Investors of record on Thursday, January 11th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.39%. Oracle’s dividend payout ratio is 44.20%.

About Oracle

(Free Report)

Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.

Recommended Stories

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.