Oracle Co. (NYSE:ORCL) Shares Sold by Eagle Bay Advisors LLC

Eagle Bay Advisors LLC cut its stake in shares of Oracle Co. (NYSE:ORCLFree Report) by 17.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,687 shares of the enterprise software provider’s stock after selling 981 shares during the quarter. Eagle Bay Advisors LLC’s holdings in Oracle were worth $494,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in ORCL. Vanguard Group Inc. grew its holdings in shares of Oracle by 5.7% in the 3rd quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock worth $15,599,200,000 after acquiring an additional 7,883,515 shares during the period. Northern Trust Corp increased its position in shares of Oracle by 3.5% in the third quarter. Northern Trust Corp now owns 18,718,180 shares of the enterprise software provider’s stock valued at $1,982,630,000 after buying an additional 635,994 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Oracle by 1.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,909,069 shares of the enterprise software provider’s stock worth $1,223,775,000 after buying an additional 204,546 shares during the last quarter. Invesco Ltd. boosted its position in shares of Oracle by 1.1% in the 3rd quarter. Invesco Ltd. now owns 8,471,884 shares of the enterprise software provider’s stock worth $897,342,000 after buying an additional 89,876 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in Oracle by 9,299.3% in the 3rd quarter. Wellington Management Group LLP now owns 8,170,999 shares of the enterprise software provider’s stock valued at $865,472,000 after acquiring an additional 8,084,067 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Stock Performance

ORCL stock traded up $4.51 during trading on Tuesday, hitting $120.88. 17,795,008 shares of the company’s stock traded hands, compared to its average volume of 8,168,072. The stock has a fifty day moving average price of $120.51 and a two-hundred day moving average price of $113.98. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34. Oracle Co. has a 52 week low of $96.92 and a 52 week high of $132.77. The stock has a market capitalization of $332.24 billion, a price-to-earnings ratio of 30.76, a price-to-earnings-growth ratio of 2.34 and a beta of 1.03.

Oracle (NYSE:ORCLGet Free Report) last released its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.04. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The firm had revenue of $13.28 billion for the quarter, compared to analyst estimates of $13.29 billion. During the same quarter in the prior year, the business earned $0.96 earnings per share. Oracle’s quarterly revenue was up 7.1% on a year-over-year basis. As a group, equities analysts anticipate that Oracle Co. will post 4.44 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.60 annualized dividend and a dividend yield of 1.32%. Oracle’s dividend payout ratio is currently 42.22%.

Insider Activity at Oracle

In other Oracle news, Director George H. Conrades sold 20,000 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $116.00, for a total value of $2,320,000.00. Following the completion of the transaction, the director now owns 17,836 shares in the company, valued at approximately $2,068,976. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Oracle news, CEO Safra Catz sold 790,000 shares of the business’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director George H. Conrades sold 20,000 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $116.00, for a total transaction of $2,320,000.00. Following the completion of the transaction, the director now owns 17,836 shares of the company’s stock, valued at $2,068,976. The disclosure for this sale can be found here. Insiders have sold a total of 880,000 shares of company stock worth $110,488,150 in the last ninety days. 42.80% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have issued reports on the stock. The Goldman Sachs Group upped their price target on shares of Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, March 13th. StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a report on Thursday, May 9th. Oppenheimer initiated coverage on Oracle in a report on Thursday, April 18th. They issued a “market perform” rating for the company. Argus upgraded Oracle from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. Finally, BMO Capital Markets raised their price target on shares of Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 12th. Ten analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, Oracle currently has a consensus rating of “Moderate Buy” and a consensus target price of $130.76.

Read Our Latest Stock Report on Oracle

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.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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