Oracle Co. (NYSE:ORCL) Position Lessened by Capital Insight Partners LLC

Capital Insight Partners LLC lowered its holdings in shares of Oracle Co. (NYSE:ORCL) by 4.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,619 shares of the enterprise software provider’s stock after selling 1,733 shares during the period. Capital Insight Partners LLC’s holdings in Oracle were worth $5,453,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Oracle by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 151,213,890 shares of the enterprise software provider’s stock worth $18,993,977,000 after buying an additional 1,514,569 shares in the last quarter. Capital World Investors grew its holdings in shares of Oracle by 0.4% in the 1st quarter. Capital World Investors now owns 18,466,713 shares of the enterprise software provider’s stock worth $2,319,604,000 after acquiring an additional 82,551 shares during the last quarter. Parnassus Investments LLC grew its holdings in shares of Oracle by 17.7% in the 4th quarter. Parnassus Investments LLC now owns 14,599,902 shares of the enterprise software provider’s stock worth $1,539,268,000 after acquiring an additional 2,191,342 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of Oracle by 148.8% in the 1st quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock worth $1,616,855,000 after acquiring an additional 7,699,141 shares during the last quarter. Finally, Putnam Investments LLC grew its holdings in shares of Oracle by 6.0% in the 4th quarter. Putnam Investments LLC now owns 12,339,385 shares of the enterprise software provider’s stock worth $1,300,941,000 after acquiring an additional 697,961 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Sanford C. Bernstein boosted their target price on Oracle from $159.00 to $171.00 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. JPMorgan Chase & Co. boosted their target price on Oracle from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, June 12th. Guggenheim restated a “buy” rating and issued a $175.00 target price on shares of Oracle in a research note on Tuesday, June 25th. StockNews.com downgraded Oracle from a “buy” rating to a “hold” rating in a research note on Thursday, June 6th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $125.00 target price on shares of Oracle in a research note on Tuesday, June 25th. Fourteen investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $145.83.

Oracle Price Performance

NYSE ORCL traded up $1.11 during trading hours on Friday, reaching $139.19. 4,544,571 shares of the company’s stock were exchanged, compared to its average volume of 8,163,030. The stock has a market cap of $383.59 billion, a PE ratio of 37.52, a price-to-earnings-growth ratio of 2.49 and a beta of 1.02. Oracle Co. has a one year low of $99.26 and a one year high of $146.59. The firm has a fifty day moving average of $138.95 and a 200-day moving average of $126.55. The company has a current ratio of 0.71, a quick ratio of 0.72 and a debt-to-equity ratio of 8.25.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.02). Oracle had a return on equity of 223.01% and a net margin of 19.76%. The firm had revenue of $14.29 billion for the quarter, compared to analyst estimates of $14.57 billion. During the same period in the prior year, the company posted $1.35 EPS. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, equities research analysts predict that Oracle Co. will post 5.02 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date was Thursday, July 11th. Oracle’s dividend payout ratio (DPR) is currently 43.13%.

Insider Buying and Selling

In related news, Director Leon E. Panetta sold 15,000 shares of the firm’s stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the sale, the director now owns 58,090 shares of the company’s stock, valued at approximately $8,010,030.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Oracle news, insider Edward Screven sold 37,221 shares of the stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $140.19, for a total transaction of $5,218,011.99. Following the completion of the transaction, the insider now owns 2,626,764 shares in the company, valued at approximately $368,246,045.16. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Leon E. Panetta sold 15,000 shares of the stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $137.89, for a total value of $2,068,350.00. Following the transaction, the director now owns 58,090 shares of the company’s stock, valued at approximately $8,010,030.10. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,862,500 shares of company stock valued at $266,776,624. 42.80% of the stock is owned by company insiders.

About Oracle

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.