Sit Investment Associates Inc. Has $21.38 Million Position in Oracle Co. (ORCL)

Sit Investment Associates Inc. cut its holdings in Oracle Co. (NYSE:ORCL) by 12.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 452,129 shares of the enterprise software provider’s stock after selling 63,135 shares during the quarter. Sit Investment Associates Inc.’s holdings in Oracle were worth $21,377,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Acrospire Investment Management LLC lifted its position in Oracle by 947.4% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock valued at $100,000 after acquiring an additional 1,800 shares in the last quarter. Burt Wealth Advisors lifted its position in Oracle by 4.3% in the 2nd quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock valued at $107,000 after acquiring an additional 88 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its position in Oracle by 81,200.0% in the 3rd quarter. Wealthcare Advisory Partners LLC now owns 2,439 shares of the enterprise software provider’s stock valued at $118,000 after acquiring an additional 2,436 shares in the last quarter. ETF Managers Group LLC bought a new position in Oracle in the 2nd quarter valued at approximately $133,000. Finally, Monroe Bank & Trust MI lifted its position in Oracle by 30.5% in the 2nd quarter. Monroe Bank & Trust MI now owns 2,885 shares of the enterprise software provider’s stock valued at $144,000 after acquiring an additional 675 shares in the last quarter. 57.77% of the stock is currently owned by institutional investors and hedge funds.

ORCL has been the topic of several analyst reports. Stifel Nicolaus reaffirmed a “buy” rating on shares of Oracle in a research report on Sunday, October 22nd. Zacks Investment Research cut Oracle from a “hold” rating to a “sell” rating in a research report on Monday, October 23rd. Vetr cut Oracle from a “buy” rating to a “hold” rating and set a $51.74 price objective on the stock. in a research report on Tuesday, October 24th. BidaskClub raised Oracle from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 27th. Finally, UBS Group reissued a “neutral” rating and set a $55.00 price target (down from $57.00) on shares of Oracle in a report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-nine have given a buy rating to the company’s stock. Oracle currently has a consensus rating of “Buy” and a consensus price target of $55.38.

Shares of Oracle Co. (NYSE:ORCL) opened at $50.71 on Friday. Oracle Co. has a 12 month low of $41.37 and a 12 month high of $53.14. The company has a quick ratio of 5.04, a current ratio of 5.07 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $209,920.00, a price-to-earnings ratio of 21.76, a price-to-earnings-growth ratio of 1.89 and a beta of 1.08.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Thursday, December 14th. The enterprise software provider reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.02. Oracle had a return on equity of 20.49% and a net margin of 25.48%. The business had revenue of $9.63 billion during the quarter, compared to analyst estimates of $9.57 billion. During the same quarter in the prior year, the business posted $0.61 EPS. Oracle’s revenue for the quarter was up 6.2% compared to the same quarter last year. equities analysts expect that Oracle Co. will post 2.68 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 10th were paid a $0.19 dividend. The ex-dividend date was Tuesday, January 9th. This represents a $0.76 dividend on an annualized basis and a yield of 1.50%. Oracle’s payout ratio is presently 32.62%.

Oracle declared that its Board of Directors has authorized a share buyback plan on Thursday, December 14th that permits the company to buyback $12.00 billion in shares. This buyback authorization permits the enterprise software provider to reacquire shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

In other Oracle news, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $49.66, for a total value of $186,225.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Dorian Daley sold 100,000 shares of the stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $47.59, for a total value of $4,759,000.00. Following the completion of the sale, the executive vice president now owns 136,954 shares of the company’s stock, valued at approximately $6,517,640.86. The disclosure for this sale can be found here. Insiders sold a total of 1,956,250 shares of company stock valued at $98,316,475 in the last quarter. 29.00% of the stock is currently owned by company insiders.

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Oracle Profile

Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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