Private Advisor Group LLC reduced its holdings in shares of Oracle Co. (NYSE:ORCL) by 4.0% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 79,924 shares of the enterprise software provider’s stock after selling 3,339 shares during the quarter. Private Advisor Group LLC’s holdings in Oracle were worth $4,553,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in ORCL. AMP Capital Investors Ltd grew its stake in Oracle by 2.8% during the 2nd quarter. AMP Capital Investors Ltd now owns 2,283,497 shares of the enterprise software provider’s stock valued at $129,634,000 after purchasing an additional 62,873 shares during the last quarter. A.R.T. Advisors LLC purchased a new stake in shares of Oracle in the second quarter worth about $4,975,000. National Pension Service boosted its stake in shares of Oracle by 5.5% in the second quarter. National Pension Service now owns 3,205,683 shares of the enterprise software provider’s stock worth $182,628,000 after buying an additional 166,026 shares during the last quarter. Lido Advisors LLC boosted its stake in shares of Oracle by 6.0% in the second quarter. Lido Advisors LLC now owns 23,465 shares of the enterprise software provider’s stock worth $1,336,000 after buying an additional 1,318 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its stake in shares of Oracle by 533.6% in the second quarter. Jacobs Levy Equity Management Inc. now owns 107,340 shares of the enterprise software provider’s stock worth $6,115,000 after buying an additional 90,400 shares during the last quarter. 53.05% of the stock is currently owned by institutional investors.

In other Oracle news, CEO Mark V. Hurd sold 787,500 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $51.80, for a total transaction of $40,792,500.00. Following the completion of the transaction, the chief executive officer now owns 1,038,755 shares of the company’s stock, valued at $53,807,509. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Hector Garcia-Molina sold 4,643 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $53.14, for a total value of $246,729.02. Following the transaction, the director now directly owns 38,562 shares of the company’s stock, valued at approximately $2,049,184.68. The disclosure for this sale can be found here. Insiders have sold 2,144,643 shares of company stock valued at $117,748,154 in the last three months. Insiders own 32.00% of the company’s stock.

A number of analysts have recently commented on ORCL shares. KeyCorp restated a “hold” rating on shares of Oracle in a research note on Thursday, June 20th. UBS Group set a $57.00 target price on Oracle and gave the stock a “neutral” rating in a research note on Thursday, September 12th. JPMorgan Chase & Co. set a $56.00 target price on Oracle and gave the stock a “neutral” rating in a research note on Thursday, September 12th. Wells Fargo & Co upped their target price on Oracle from $60.00 to $65.00 and gave the stock an “outperform” rating in a research note on Thursday, June 20th. Finally, Macquarie restated a “hold” rating on shares of Oracle in a research note on Thursday, September 12th. Three equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and eleven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $56.49.

ORCL stock traded up $1.04 during mid-day trading on Thursday, reaching $53.61. 8,493,969 shares of the company’s stock were exchanged, compared to its average volume of 11,595,805. The company has a market cap of $174.74 billion, a price-to-earnings ratio of 16.96, a price-to-earnings-growth ratio of 1.56 and a beta of 1.18. The stock’s 50 day moving average is $53.53 and its 200 day moving average is $54.48. The company has a debt-to-equity ratio of 2.67, a current ratio of 2.25 and a quick ratio of 2.49. Oracle Co. has a 12-month low of $42.40 and a 12-month high of $60.50.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Wednesday, September 11th. The enterprise software provider reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.09. The company had revenue of $9.22 billion for the quarter, compared to the consensus estimate of $9.29 billion. Oracle had a return on equity of 48.85% and a net margin of 27.71%. Oracle’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.71 earnings per share. On average, research analysts forecast that Oracle Co. will post 3.47 earnings per share for the current fiscal year.

Oracle declared that its Board of Directors has approved a share repurchase plan on Wednesday, September 11th that permits the company to buyback $15.00 billion in shares. This buyback authorization permits the enterprise software provider to buy up to 8.4% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be issued a dividend of $0.24 per share. The ex-dividend date is Wednesday, October 9th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.79%. Oracle’s payout ratio is currently 30.38%.

Oracle Profile

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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