Lincoln Capital Corp Cuts Stock Holdings in Oracle Co. (NYSE:ORCL)

Lincoln Capital Corp lowered its stake in shares of Oracle Co. (NYSE:ORCL) by 2.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,965 shares of the enterprise software provider’s stock after selling 822 shares during the quarter. Oracle accounts for about 1.7% of Lincoln Capital Corp’s portfolio, making the stock its 22nd largest position. Lincoln Capital Corp’s holdings in Oracle were worth $1,979,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Nuveen Asset Management LLC increased its holdings in Oracle by 6,437.0% in the second quarter. Nuveen Asset Management LLC now owns 10,144,910 shares of the enterprise software provider’s stock valued at $577,955,000 after buying an additional 9,989,718 shares during the last quarter. Longview Partners Guernsey LTD boosted its stake in Oracle by 16.9% in the second quarter. Longview Partners Guernsey LTD now owns 22,243,759 shares of the enterprise software provider’s stock valued at $1,267,227,000 after acquiring an additional 3,220,296 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Oracle by 2,952.4% in the second quarter. Renaissance Technologies LLC now owns 2,970,032 shares of the enterprise software provider’s stock valued at $169,203,000 after acquiring an additional 2,872,732 shares in the last quarter. LSV Asset Management boosted its stake in Oracle by 37.8% in the second quarter. LSV Asset Management now owns 8,335,383 shares of the enterprise software provider’s stock valued at $474,866,000 after acquiring an additional 2,286,600 shares in the last quarter. Finally, Beutel Goodman & Co Ltd. boosted its stake in Oracle by 62.5% in the second quarter. Beutel Goodman & Co Ltd. now owns 5,578,093 shares of the enterprise software provider’s stock valued at $231,296,000 after acquiring an additional 2,146,084 shares in the last quarter. 53.90% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have recently weighed in on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Oracle in a research note on Wednesday, October 30th. Monness Crespi & Hardt reiterated a “hold” rating on shares of Oracle in a research note on Tuesday, September 10th. Goldman Sachs Group set a $62.00 target price on shares of Oracle and gave the stock a “buy” rating in a research note on Friday, September 20th. Argus reiterated a “buy” rating on shares of Oracle in a research note on Friday, September 13th. Finally, JPMorgan Chase & Co. set a $56.00 target price on shares of Oracle and gave the stock a “neutral” rating in a research note on Thursday, September 12th. Four research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $56.80.

In related news, EVP Dorian Daley sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $55.01, for a total transaction of $2,750,500.00. Following the sale, the executive vice president now owns 50,000 shares in the company, valued at $2,750,500. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Mark V. Hurd sold 787,500 shares of the firm’s 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 sale, the chief executive officer now owns 1,038,755 shares in the company, valued at approximately $53,807,509. The disclosure for this sale can be found here. Over the last three months, insiders have sold 849,786 shares of company stock valued at $44,213,156. Corporate insiders own 36.60% of the company’s stock.

Oracle stock traded up $0.51 during mid-day trading on Friday, reaching $56.49. The company had a trading volume of 5,708,292 shares, compared to its average volume of 9,699,096. The company has a debt-to-equity ratio of 2.67, a current ratio of 2.25 and a quick ratio of 2.25. The stock’s 50-day simple moving average is $54.79 and its 200-day simple moving average is $54.81. Oracle Co. has a 1 year low of $42.40 and a 1 year high of $60.50. The company has a market capitalization of $182.74 billion, a P/E ratio of 17.88, a P/E/G ratio of 1.65 and a beta of 1.16.

Oracle (NYSE:ORCL) last issued its quarterly earnings data 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 net margin of 27.71% and a return on equity of 48.85%. The business had revenue of $9.22 billion during the quarter, compared to analysts’ expectations of $9.29 billion. During the same period last year, the company posted $0.71 EPS. The company’s revenue was up .2% on a year-over-year basis. On average, equities analysts forecast that Oracle Co. will post 3.47 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were paid 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 dividend yield of 1.70%. Oracle’s dividend payout ratio (DPR) is 30.38%.

Oracle declared that its Board of Directors has authorized a share buyback plan on Wednesday, September 11th that authorizes the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization authorizes the enterprise software provider to buy up to 8.4% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are 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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