Oracle Co. (NYSE:ORCL) Stock Holdings Lowered by Jensen Investment Management Inc.

Jensen Investment Management Inc. lowered its position in shares of Oracle Co. (NYSE:ORCL) by 2.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 149,084 shares of the enterprise software provider’s stock after selling 2,976 shares during the period. Oracle accounts for 0.2% of Jensen Investment Management Inc.’s portfolio, making the stock its 29th biggest holding. Jensen Investment Management Inc.’s holdings in Oracle were worth $21,051,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Westend Capital Management LLC bought a new position in shares of Oracle during the first quarter worth about $25,000. POM Investment Strategies LLC bought a new position in shares of Oracle during the second quarter worth about $30,000. Bbjs Financial Advisors LLC bought a new position in Oracle in the 2nd quarter valued at about $35,000. Tidemark LLC bought a new position in Oracle in the 4th quarter valued at about $29,000. Finally, Frank Rimerman Advisors LLC bought a new position in Oracle in the 4th quarter valued at about $30,000. Institutional investors own 42.44% of the company’s stock.

Insider Transactions at Oracle

In other news, Director Leon E. Panetta sold 15,000 shares of the stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $137.89, for a total value of $2,068,350.00. Following the completion of the sale, the director now directly owns 58,090 shares of the company’s stock, valued at $8,010,030.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Leon E. Panetta sold 15,000 shares of the stock in a transaction that occurred on 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 in the company, valued at $8,010,030.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $143.69, for a total value of $161,651,250.00. Following the completion of the transaction, the chairman now owns 1,145,732,353 shares in the company, valued at approximately $164,630,281,802.57. The disclosure for this sale can be found here. Insiders sold 1,862,500 shares of company stock valued at $266,776,624 over the last three months. 42.80% of the stock is owned by corporate insiders.

Oracle Trading Down 0.1 %

ORCL stock traded down $0.17 during mid-day trading on Friday, reaching $142.44. 915,782 shares of the stock traded hands, compared to its average volume of 7,997,187. 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 Co. has a 52-week low of $99.26 and a 52-week high of $146.59. The company has a market cap of $392.54 billion, a P/E ratio of 38.44, a P/E/G ratio of 2.55 and a beta of 1.01. The stock’s fifty day moving average is $138.70 and its 200-day moving average is $128.12.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Tuesday, June 11th. The enterprise software provider reported $1.63 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). The firm had revenue of $14.29 billion for the quarter, compared to analysts’ expectations of $14.57 billion. Oracle had a net margin of 19.76% and a return on equity of 223.01%. Oracle’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.35 earnings per share. As a group, sell-side analysts expect that Oracle Co. will post 5.02 earnings per share for the current 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 given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date was Thursday, July 11th. Oracle’s dividend payout ratio (DPR) is 43.13%.

Analyst Ratings Changes

ORCL has been the subject of a number of recent analyst reports. TD Cowen increased their target price on shares of Oracle from $145.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, June 12th. Sanford C. Bernstein increased their target price on shares of Oracle from $159.00 to $171.00 and gave the company an “outperform” rating in a research report on Wednesday, June 12th. StockNews.com lowered shares of Oracle from a “buy” rating to a “hold” rating in a research report on Thursday, June 6th. Citigroup decreased their target price on shares of Oracle from $133.00 to $128.00 and set a “neutral” rating for the company in a research report on Monday, June 10th. Finally, Mizuho increased their target price on shares of Oracle from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, June 17th. Fourteen analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $145.83.

Oracle Profile

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.