Beacon Investment Advisory Services Inc. Sells 3,586 Shares of Oracle Co. (ORCL)

Beacon Investment Advisory Services Inc. cut its holdings in Oracle Co. (NYSE:ORCL) by 40.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,256 shares of the enterprise software provider’s stock after selling 3,586 shares during the period. Beacon Investment Advisory Services Inc.’s holdings in Oracle were worth $249,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in ORCL. Beach Investment Management LLC. bought a new position in Oracle during the second quarter valued at $336,000. DSAM Partners London Ltd bought a new position in Oracle during the second quarter valued at $22,191,000. Veritas Asset Management LLP grew its holdings in Oracle by 6.3% during the second quarter. Veritas Asset Management LLP now owns 16,158,645 shares of the enterprise software provider’s stock valued at $810,194,000 after purchasing an additional 957,195 shares during the period. Motco grew its holdings in Oracle by 1.3% during the second quarter. Motco now owns 126,232 shares of the enterprise software provider’s stock valued at $6,330,000 after purchasing an additional 1,648 shares during the period. Finally, Sullivan Bruyette Speros & Blaney LLC grew its holdings in Oracle by 0.4% during the second quarter. Sullivan Bruyette Speros & Blaney LLC now owns 22,958 shares of the enterprise software provider’s stock valued at $1,151,000 after purchasing an additional 87 shares during the period. 57.94% of the stock is owned by institutional investors.

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In other news, EVP Dorian Daley sold 100,000 shares of the firm’s stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $52.00, for a total transaction of $5,200,000.00. Following the transaction, the executive vice president now directly owns 37,576 shares of the company’s stock, valued at $1,953,952. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thomas Kurian sold 1,700,000 shares of the firm’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $50.29, for a total value of $85,493,000.00. Following the transaction, the insider now directly owns 1,522,983 shares in the company, valued at $76,590,815.07. The disclosure for this sale can be found here. Insiders have sold 1,981,250 shares of company stock worth $99,315,438 in the last 90 days. Company insiders own 29.00% of the company’s stock.

Several brokerages have weighed in on ORCL. Morgan Stanley reissued a “buy” rating on shares of Oracle in a report on Sunday, March 18th. Oppenheimer restated a “hold” rating on shares of Oracle in a research report on Friday, December 15th. Zacks Investment Research downgraded Oracle from a “hold” rating to a “sell” rating in a research report on Tuesday, December 19th. TheStreet downgraded Oracle from a “b+” rating to a “c+” rating in a research report on Monday, March 19th. Finally, Instinet assumed coverage on Oracle in a research report on Wednesday, January 24th. They set a “buy” rating and a $51.12 target price on the stock. Sixteen analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $56.11.

NYSE ORCL traded down $1.13 during trading hours on Friday, reaching $44.83. 13,893,643 shares of the stock traded hands, compared to its average volume of 20,160,868. Oracle Co. has a 1 year low of $43.60 and a 1 year high of $53.48. The company has a quick ratio of 4.30, a current ratio of 4.33 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $185,578.38, a price-to-earnings ratio of 18.00, a PEG ratio of 1.66 and a beta of 1.15.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, March 19th. The enterprise software provider reported $0.83 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.11. Oracle had a return on equity of 21.77% and a net margin of 9.25%. The business had revenue of $9.78 billion for the quarter, compared to the consensus estimate of $9.77 billion. During the same quarter last year, the business posted $0.69 earnings per share. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. equities analysts expect that Oracle Co. will post 2.76 earnings per share for the current fiscal year.

Oracle declared that its Board of Directors has initiated a share buyback plan on Thursday, December 14th that authorizes the company to buyback $12.00 billion in outstanding shares. This buyback authorization authorizes the enterprise software provider to repurchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its shares are undervalued.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 1st. Shareholders of record on Tuesday, April 17th will be given a dividend of $0.19 per share. The ex-dividend date is Monday, April 16th. This represents a $0.76 dividend on an annualized basis and a yield of 1.70%. Oracle’s payout ratio is 30.52%.

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Oracle Profile

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure technologies for information technology (IT) environments worldwide. It provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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