Baldwin Brothers LLC MA Trims Holdings in Oracle Co. (NYSE:ORCL)

Baldwin Brothers LLC MA cut its stake in Oracle Co. (NYSE:ORCLGet Rating) by 3.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,615 shares of the enterprise software provider’s stock after selling 250 shares during the quarter. Baldwin Brothers LLC MA’s holdings in Oracle were worth $547,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in ORCL. Norges Bank bought a new stake in Oracle during the fourth quarter valued at $947,274,000. Nordea Investment Management AB boosted its stake in Oracle by 44.3% during the first quarter. Nordea Investment Management AB now owns 6,366,409 shares of the enterprise software provider’s stock valued at $531,468,000 after buying an additional 1,953,713 shares during the period. BlackRock Inc. boosted its stake in Oracle by 1.6% during the fourth quarter. BlackRock Inc. now owns 119,247,252 shares of the enterprise software provider’s stock valued at $10,399,550,000 after buying an additional 1,886,260 shares during the period. Renaissance Technologies LLC bought a new stake in Oracle during the fourth quarter valued at $156,466,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in Oracle during the fourth quarter worth about $92,526,000. Institutional investors own 42.33% of the company’s stock.

Several brokerages have issued reports on ORCL. BMO Capital Markets dropped their price target on Oracle from $92.00 to $86.00 in a research note on Tuesday, June 14th. Barclays set a $82.00 price target on Oracle in a research note on Tuesday, June 14th. Citigroup set a $81.00 price target on Oracle in a research note on Monday. UBS Group set a $75.00 price target on Oracle in a research note on Tuesday, June 14th. Finally, Stifel Nicolaus dropped their price target on Oracle from $83.00 to $72.00 in a research note on Tuesday, June 14th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Oracle presently has a consensus rating of “Hold” and an average price target of $90.13.

In related news, Director Renee Jo James sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, April 4th. The stock was sold at an average price of $84.11, for a total value of $504,660.00. Following the transaction, the director now directly owns 41,886 shares of the company’s stock, valued at approximately $3,523,031.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Safra Catz sold 1,000,000 shares of the company’s stock in a transaction that occurred on Friday, June 17th. The shares were sold at an average price of $68.08, for a total value of $68,080,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $76,153,743.36. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,006,000 shares of company stock worth $135,454,660. Insiders own 39.10% of the company’s stock.

ORCL stock opened at $66.53 on Thursday. Oracle Co. has a fifty-two week low of $63.76 and a fifty-two week high of $106.34. The business’s 50 day moving average price is $72.19 and its two-hundred day moving average price is $79.62. The company has a market capitalization of $177.51 billion, a price-to-earnings ratio of 27.72, a price-to-earnings-growth ratio of 1.91 and a beta of 0.87.

Oracle (NYSE:ORCLGet Rating) last posted its earnings results on Monday, June 13th. The enterprise software provider reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.17. Oracle had a negative return on equity of 193.58% and a net margin of 15.83%. The firm had revenue of $11.84 billion for the quarter, compared to the consensus estimate of $11.65 billion. During the same quarter in the prior year, the business earned $1.40 EPS. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. Research analysts forecast that Oracle Co. will post 4.43 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 26th. Stockholders of record on Tuesday, July 12th will be given a $0.32 dividend. The ex-dividend date of this dividend is Monday, July 11th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.92%. Oracle’s dividend payout ratio is currently 53.33%.

Oracle Company Profile (Get Rating)

Oracle Corporation provides 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 Fusion cloud advertising and customer experience, and NetSuite applications suite.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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