Whitnell & Co. cut its holdings in shares of Oracle Co. (NYSE:ORCL) by 3.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 55,881 shares of the enterprise software provider’s stock after selling 1,824 shares during the period. Whitnell & Co.’s holdings in Oracle were worth $3,075,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ORCL. Private Ocean LLC lifted its stake in shares of Oracle by 17.4% in the 3rd quarter. Private Ocean LLC now owns 8,943 shares of the enterprise software provider’s stock valued at $493,000 after acquiring an additional 1,323 shares during the last quarter. Bingham Osborn & Scarborough LLC increased its holdings in Oracle by 12.4% in the third quarter. Bingham Osborn & Scarborough LLC now owns 21,735 shares of the enterprise software provider’s stock valued at $1,196,000 after purchasing an additional 2,395 shares during the period. Alps Advisors Inc. acquired a new stake in Oracle in the third quarter valued at $610,000. New England Research & Management Inc. acquired a new stake in Oracle in the third quarter valued at $248,000. Finally, First Trust Advisors LP increased its holdings in Oracle by 4.9% in the third quarter. First Trust Advisors LP now owns 3,981,731 shares of the enterprise software provider’s stock valued at $219,115,000 after purchasing an additional 187,204 shares during the period. Hedge funds and other institutional investors own 53.90% of the company’s stock.

Oracle stock traded up $0.51 during trading hours on Friday, reaching $56.49. 5,708,292 shares of the company’s stock were exchanged, compared to its average volume of 9,699,096. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 2.67. The firm’s 50 day simple moving average is $54.79 and its 200 day simple moving average is $54.81. Oracle Co. has a twelve month low of $42.40 and a twelve month high of $60.50. The firm has a market capitalization of $182.74 billion, a PE ratio of 17.88, a PEG ratio of 1.65 and a beta of 1.16.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Wednesday, September 11th. The enterprise software provider reported $0.81 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.09. Oracle had a return on equity of 48.85% and a net margin of 27.71%. The firm had revenue of $9.22 billion during the quarter, compared to the consensus estimate of $9.29 billion. During the same period last year, the business posted $0.71 EPS. The business’s revenue was up .2% compared to the same quarter last year. Analysts anticipate that Oracle Co. will post 3.47 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were issued a dividend of $0.24 per share. The ex-dividend date was Wednesday, October 9th. This represents a $0.96 dividend on an annualized basis and a yield of 1.70%. Oracle’s payout ratio is currently 30.38%.

Oracle announced that its Board of Directors has approved a stock buyback plan on Wednesday, September 11th that permits the company to repurchase $15.00 billion in shares. This repurchase authorization permits the enterprise software provider to repurchase up to 8.4% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

A number of analysts recently weighed in on the company. Argus restated a “buy” rating on shares of Oracle in a report on Friday, September 13th. Cowen assumed coverage on Oracle in a report on Friday, August 16th. They issued a “buy” rating and a $65.00 price objective for the company. UBS Group set a $57.00 price objective on Oracle and gave the company a “neutral” rating in a report on Thursday, September 12th. Goldman Sachs Group set a $62.00 price objective on Oracle and gave the company a “buy” rating in a report on Friday, September 20th. Finally, Needham & Company LLC restated a “hold” rating on shares of Oracle in a report on Wednesday, October 30th. Four analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $56.80.

In other news, CEO Mark V. Hurd sold 787,500 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $51.80, for a total value of $40,792,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,038,755 shares in the company, valued at approximately $53,807,509. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Hector Garcia-Molina sold 4,643 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $53.14, for a total value of $246,729.02. Following the completion of the sale, the director now owns 38,562 shares of the company’s stock, valued at $2,049,184.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 849,786 shares of company stock valued at $44,213,156. 36.60% of the stock is currently owned by company insiders.

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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