Oracle Co. (ORCL) Shares Sold by Stockman Wealth Management Inc.

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Stockman Wealth Management Inc. lowered its position in shares of Oracle Co. (NYSE:ORCL) by 1.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 94,011 shares of the enterprise software provider’s stock after selling 1,301 shares during the quarter. Oracle comprises 2.1% of Stockman Wealth Management Inc.’s investment portfolio, making the stock its 13th biggest holding. Stockman Wealth Management Inc.’s holdings in Oracle were worth $4,847,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Buckingham Asset Management LLC lifted its position in Oracle by 16.0% in the 3rd quarter. Buckingham Asset Management LLC now owns 28,330 shares of the enterprise software provider’s stock valued at $1,461,000 after acquiring an additional 3,908 shares in the last quarter. Bbva Compass Bancshares Inc. lifted its position in Oracle by 2.9% in the 3rd quarter. Bbva Compass Bancshares Inc. now owns 289,576 shares of the enterprise software provider’s stock valued at $14,931,000 after acquiring an additional 8,215 shares in the last quarter. Hollencrest Capital Management lifted its position in Oracle by 18.5% in the 3rd quarter. Hollencrest Capital Management now owns 60,371 shares of the enterprise software provider’s stock valued at $3,113,000 after acquiring an additional 9,405 shares in the last quarter. Usca Ria LLC lifted its position in Oracle by 2.8% in the 3rd quarter. Usca Ria LLC now owns 69,377 shares of the enterprise software provider’s stock valued at $3,577,000 after acquiring an additional 1,882 shares in the last quarter. Finally, Wedgewood Investors Inc. PA bought a new position in Oracle in the 3rd quarter valued at about $230,000. 53.38% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have commented on ORCL. Zacks Investment Research upgraded shares of Oracle from a “sell” rating to a “hold” rating in a research note on Friday, September 21st. KeyCorp reiterated a “hold” rating on shares of Oracle in a research note on Wednesday, September 12th. Credit Suisse Group reiterated a “buy” rating and issued a $60.00 price objective on shares of Oracle in a research note on Tuesday, September 18th. Goldman Sachs Group reiterated a “buy” rating and issued a $55.00 price objective on shares of Oracle in a research note on Tuesday, September 18th. Finally, Wedbush reiterated a “neutral” rating and issued a $49.00 price objective on shares of Oracle in a research note on Tuesday, September 18th. Seventeen investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $53.71.

In other news, EVP Dorian Daley sold 131,696 shares of Oracle stock in a transaction on Monday, September 24th. The shares were sold at an average price of $50.93, for a total transaction of $6,707,277.28. Following the completion of the sale, the executive vice president now directly owns 109,615 shares of the company’s stock, valued at approximately $5,582,691.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of Oracle stock in a transaction on Monday, September 17th. The stock was sold at an average price of $49.42, for a total transaction of $185,325.00. Following the sale, the director now directly owns 27,969 shares of the company’s stock, valued at $1,382,227.98. The disclosure for this sale can be found here. Insiders have sold a total of 142,946 shares of company stock valued at $7,248,965 over the last ninety days. 32.00% of the stock is currently owned by insiders.

NYSE ORCL opened at $50.61 on Friday. Oracle Co. has a 52-week low of $42.57 and a 52-week high of $53.48. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 1.41. The firm has a market cap of $208.06 billion, a PE ratio of 17.33, a P/E/G ratio of 1.69 and a beta of 1.12.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, September 17th. The enterprise software provider reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.03. Oracle had a net margin of 9.74% and a return on equity of 25.60%. The company had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $9.26 billion. During the same period in the previous year, the firm posted $0.62 EPS. The firm’s revenue was up .8% compared to the same quarter last year. On average, equities analysts expect that Oracle Co. will post 3.06 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 30th. Stockholders of record on Tuesday, October 16th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date was Monday, October 15th. Oracle’s dividend payout ratio is currently 26.95%.

Oracle declared that its Board of Directors has approved a share repurchase program on Monday, September 17th that allows the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization allows the enterprise software provider to reacquire up to 5.9% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

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Oracle Company 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.

See Also: Cost of Debt

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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