Robinson Value Management Ltd. trimmed its position in Oracle Co. (NYSE:ORCL) by 4.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,055 shares of the enterprise software provider’s stock after selling 1,372 shares during the quarter. Robinson Value Management Ltd.’s holdings in Oracle were worth $1,395,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC grew its stake in Oracle by 21.4% during the 2nd quarter. FMR LLC now owns 47,683,832 shares of the enterprise software provider’s stock worth $2,100,949,000 after buying an additional 8,401,411 shares during the last quarter. Charles Schwab Investment Advisory Inc. bought a new position in Oracle during the 2nd quarter worth $218,896,000. Sumitomo Mitsui Asset Management Company LTD grew its stake in Oracle by 787.8% during the 2nd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,944,051 shares of the enterprise software provider’s stock worth $85,654,000 after buying an additional 1,725,077 shares during the last quarter. Putnam Investments LLC grew its stake in Oracle by 202.1% during the 2nd quarter. Putnam Investments LLC now owns 2,136,058 shares of the enterprise software provider’s stock worth $94,115,000 after buying an additional 1,428,924 shares during the last quarter. Finally, Royal London Asset Management Ltd. bought a new position in Oracle during the 2nd quarter worth $54,770,000. Institutional investors and hedge funds own 53.38% of the company’s stock.

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

A number of research analysts recently commented on ORCL shares. Zacks Investment Research upgraded Oracle from a “sell” rating to a “hold” rating in a research note on Tuesday, August 28th. Rosenblatt Securities restated a “hold” rating and set a $51.00 price objective on shares of Oracle in a research note on Tuesday, October 30th. Wells Fargo & Co lowered their price objective on Oracle from $62.50 to $60.00 and set an “outperform” rating for the company in a research note on Tuesday, September 18th. Credit Suisse Group restated a “buy” rating and set a $60.00 price objective on shares of Oracle in a research note on Tuesday, September 18th. Finally, Barclays upped their price objective on Oracle from $58.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, September 7th. Seventeen analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Oracle has a consensus rating of “Hold” and a consensus price target of $53.71.

Shares of ORCL stock opened at $50.61 on Friday. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 1.41. Oracle Co. has a fifty-two week low of $42.57 and a fifty-two week high of $53.48. The stock has a market capitalization of $208.06 billion, a price-to-earnings ratio of 17.33, a PEG ratio of 1.69 and a beta of 1.12.

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

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

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

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About Oracle

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.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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