Sky Investment Group LLC Sells 250 Shares of Oracle Co. (NYSE:ORCL)

Sky Investment Group LLC reduced its position in Oracle Co. (NYSE:ORCL) by 2.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,020 shares of the enterprise software provider’s stock after selling 250 shares during the quarter. Sky Investment Group LLC’s holdings in Oracle were worth $1,415,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of ORCL. Vanguard Group Inc. boosted its holdings in shares of Oracle by 1.0% during 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 boosted its stake in Oracle by 0.4% during the first 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 in the last quarter. Parnassus Investments LLC boosted its stake in Oracle by 17.7% during the fourth 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 in the last quarter. Janus Henderson Group PLC grew its holdings in Oracle by 148.8% in the first quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock worth $1,616,855,000 after purchasing an additional 7,699,141 shares during the period. Finally, Putnam Investments LLC increased its stake in Oracle by 6.0% in the fourth quarter. Putnam Investments LLC now owns 12,339,385 shares of the enterprise software provider’s stock valued at $1,300,941,000 after purchasing an additional 697,961 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Leon E. Panetta sold 15,000 shares of Oracle 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 transaction, the director now directly owns 58,090 shares in the company, valued at approximately $8,010,030.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Edward Screven sold 235,918 shares of the company’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the sale, the insider now directly owns 2,626,764 shares in the company, valued at $379,042,045.20. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Leon E. Panetta sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the completion of the transaction, the director now owns 58,090 shares of the company’s stock, valued at $8,010,030.10. The disclosure for this sale can be found here. Insiders sold 1,862,500 shares of company stock worth $266,776,624 over the last quarter. 42.80% of the stock is currently owned by company insiders.

Oracle Stock Performance

Shares of Oracle stock traded up $1.30 on Wednesday, reaching $135.56. 4,044,331 shares of the company traded hands, compared to its average volume of 8,334,025. The company has a debt-to-equity ratio of 8.25, a current ratio of 0.71 and a quick ratio of 0.72. The firm has a market capitalization of $373.58 billion, a PE ratio of 36.54, a PEG ratio of 2.49 and a beta of 1.02. The company has a 50 day moving average of $137.89 and a 200 day moving average of $125.47. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $146.59.

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

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.18%. The ex-dividend date was Thursday, July 11th. Oracle’s dividend payout ratio (DPR) is presently 43.13%.

Analyst Ratings Changes

Several analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft raised their target price on Oracle from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, June 17th. Mizuho boosted their price objective on Oracle from $160.00 to $170.00 and gave the company a “buy” rating in a report on Monday, June 17th. StockNews.com cut Oracle from a “buy” rating to a “hold” rating in a report on Thursday, June 6th. Bank of America boosted their price target on shares of Oracle from $144.00 to $155.00 and gave the company a “neutral” rating in a research note on Wednesday, June 12th. Finally, Citigroup lowered their price objective on shares of Oracle from $133.00 to $128.00 and set a “neutral” rating on the stock in a report on Monday, June 10th. Fourteen investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $145.83.

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.