Oracle Co. (ORCL) Shares Sold by Stonebridge Capital Management Inc.

Stonebridge Capital Management Inc. lessened its position in Oracle Co. (NYSE:ORCL) by 3.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 192,551 shares of the enterprise software provider’s stock after selling 7,655 shares during the period. Oracle accounts for about 3.4% of Stonebridge Capital Management Inc.’s portfolio, making the stock its 7th biggest holding. Stonebridge Capital Management Inc.’s holdings in Oracle were worth $9,928,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Cpwm LLC increased its stake in shares of Oracle by 6.5% in the second quarter. Cpwm LLC now owns 17,240 shares of the enterprise software provider’s stock valued at $760,000 after buying an additional 1,050 shares during the period. Quadrant Private Wealth Management LLC increased its stake in shares of Oracle by 0.9% in the second quarter. Quadrant Private Wealth Management LLC now owns 126,926 shares of the enterprise software provider’s stock valued at $5,592,000 after buying an additional 1,072 shares during the period. Willow Creek Wealth Management Inc. increased its stake in shares of Oracle by 15.6% in the second quarter. Willow Creek Wealth Management Inc. now owns 8,051 shares of the enterprise software provider’s stock valued at $355,000 after buying an additional 1,084 shares during the period. Global Retirement Partners LLC increased its stake in shares of Oracle by 7.8% in the second quarter. Global Retirement Partners LLC now owns 15,585 shares of the enterprise software provider’s stock valued at $687,000 after buying an additional 1,122 shares during the period. Finally, Brighton Jones LLC boosted its position in shares of Oracle by 4.2% during the 2nd quarter. Brighton Jones LLC now owns 28,125 shares of the enterprise software provider’s stock valued at $1,239,000 after purchasing an additional 1,128 shares in the last quarter. 53.43% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently commented on ORCL shares. Wedbush lowered Oracle from an “outperform” rating to a “neutral” rating and cut their target price for the company from $55.00 to $49.00 in a research report on Wednesday, June 20th. Stifel Nicolaus cut their target price on Oracle from $53.00 to $50.00 and set a “hold” rating on the stock in a research report on Wednesday, June 20th. UBS Group lowered Oracle from a “buy” rating to a “neutral” rating and cut their target price for the company from $53.00 to $48.00 in a research report on Wednesday, June 20th. Royal Bank of Canada cut their target price on Oracle from $55.00 to $52.00 and set a “sector perform” rating on the stock in a research report on Wednesday, June 20th. Finally, Rosenblatt Securities lowered Oracle from a “buy” rating to a “neutral” rating and cut their target price for the company from $58.00 to $51.00 in a research report on Wednesday, June 20th. Sixteen analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Oracle presently has a consensus rating of “Buy” and an average price target of $53.92.

In other news, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $47.77, for a total value of $179,137.50. Following the completion of the sale, the director now directly owns 27,969 shares of the company’s stock, valued at $1,336,079.13. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Dorian Daley sold 131,696 shares of the stock in a transaction that occurred on 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 completion of the sale, the executive vice president now directly owns 109,615 shares of the company’s stock, valued at $5,582,691.95. The disclosure for this sale can be found here. In the last quarter, insiders sold 142,946 shares of company stock worth $7,248,965. Corporate insiders own 32.00% of the company’s stock.

Shares of NYSE:ORCL opened at $47.86 on Thursday. The company has a market capitalization of $213.44 billion, a price-to-earnings ratio of 16.97, a PEG ratio of 1.72 and a beta of 1.14. The company has a debt-to-equity ratio of 1.41, a quick ratio of 3.43 and a current ratio of 3.43. Oracle Co. has a 52-week low of $42.57 and a 52-week high of $53.48.

Oracle (NYSE:ORCL) last announced 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 business had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.26 billion. Oracle had a return on equity of 25.60% and a net margin of 9.74%. The company’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.62 earnings per share. Equities research analysts anticipate that Oracle Co. will post 3.07 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 30th. Shareholders of record on Tuesday, October 16th will be issued a $0.19 dividend. The ex-dividend date is Monday, October 15th. This represents a $0.76 annualized dividend and a yield of 1.59%. Oracle’s payout ratio is currently 26.95%.

Oracle announced that its Board of Directors has approved a stock repurchase program on Monday, September 17th that authorizes the company to repurchase $12.00 billion in shares. This repurchase authorization authorizes the enterprise software provider to purchase up to 5.9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

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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