Oracle Co. (NYSE:ORCL) Shares Sold by Boston Partners

Boston Partners cut its stake in shares of Oracle Co. (NYSE:ORCLGet Rating) by 58.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,723,492 shares of the enterprise software provider’s stock after selling 2,403,594 shares during the period. Boston Partners’ holdings in Oracle were worth $150,267,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ORCL. Bellwether Advisors LLC grew its stake in Oracle by 115.6% in the 3rd quarter. Bellwether Advisors LLC now owns 291 shares of the enterprise software provider’s stock valued at $25,000 after acquiring an additional 156 shares during the last quarter. NewSquare Capital LLC lifted its holdings in Oracle by 183.5% in the 3rd quarter. NewSquare Capital LLC now owns 309 shares of the enterprise software provider’s stock valued at $27,000 after purchasing an additional 200 shares in the last quarter. Level Financial Advisors Inc. purchased a new position in Oracle in the 4th quarter valued at about $28,000. Destiny Wealth Partners LLC purchased a new position in Oracle in the 3rd quarter valued at about $41,000. Finally, PSI Advisors LLC purchased a new position in Oracle in the 3rd quarter valued at about $44,000. 42.33% of the stock is currently owned by institutional investors and hedge funds.

ORCL traded down $0.38 during midday trading on Monday, hitting $79.07. 27,106 shares of the company were exchanged, compared to its average volume of 8,896,233. The firm has a market capitalization of $210.97 billion, a P/E ratio of 30.25, a P/E/G ratio of 2.48 and a beta of 0.84. Oracle Co. has a 1-year low of $70.23 and a 1-year high of $106.34. The firm’s 50 day moving average price is $79.27 and its 200-day moving average price is $86.96.

Oracle (NYSE:ORCLGet Rating) last issued its earnings results on Thursday, March 10th. The enterprise software provider reported $1.13 EPS for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.05). The firm had revenue of $10.51 billion during the quarter, compared to the consensus estimate of $10.51 billion. Oracle had a net margin of 18.08% and a negative return on equity of 383.80%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.03 earnings per share. On average, equities analysts predict that Oracle Co. will post 4.01 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 21st. Stockholders of record on Friday, April 8th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend is Thursday, April 7th. Oracle’s dividend payout ratio is presently 49.04%.

ORCL has been the topic of several research reports. Jefferies Financial Group set a $80.00 price target on shares of Oracle in a report on Tuesday, March 15th. Deutsche Bank Aktiengesellschaft set a $110.00 price objective on shares of Oracle in a research report on Wednesday, March 9th. StockNews.com started coverage on shares of Oracle in a research report on Thursday, March 31st. They set a “buy” rating for the company. Wolfe Research decreased their price target on shares of Oracle from $105.00 to $83.00 in a research report on Friday, March 11th. Finally, Stifel Nicolaus cut their target price on Oracle from $87.00 to $83.00 in a research note on Friday, March 11th. Three research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $93.09.

In other news, Director Charles W. Moorman bought 15,000 shares of Oracle stock in a transaction that occurred on Thursday, January 20th. The shares were acquired at an average price of $83.76 per share, with a total value of $1,256,400.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Renee Jo James sold 6,000 shares of the stock in a transaction on Monday, April 4th. The shares were sold at an average price of $84.11, for a total value of $504,660.00. Following the completion of the transaction, the director now directly owns 41,886 shares in the company, valued at approximately $3,523,031.46. The disclosure for this sale can be found here. Corporate insiders own 43.40% of the company’s stock.

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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