Biltmore Family Office LLC Trims Stake in Oracle Co. (ORCL)

Biltmore Family Office LLC cut its position in Oracle Co. (NYSE:ORCL) by 12.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,797 shares of the enterprise software provider’s stock after selling 2,505 shares during the period. Biltmore Family Office LLC’s holdings in Oracle were worth $918,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of ORCL. IFM Investors Pty Ltd lifted its position in Oracle by 44.5% in the 2nd quarter. IFM Investors Pty Ltd now owns 140,692 shares of the enterprise software provider’s stock valued at $6,199,000 after acquiring an additional 43,333 shares in the last quarter. JLB & Associates Inc. lifted its position in shares of Oracle by 0.7% during the 2nd quarter. JLB & Associates Inc. now owns 233,265 shares of the enterprise software provider’s stock worth $10,277,000 after buying an additional 1,700 shares in the last quarter. Empirical Finance LLC bought a new position in shares of Oracle during the 2nd quarter worth approximately $254,000. Fisher Asset Management LLC lifted its position in shares of Oracle by 3.7% during the 2nd quarter. Fisher Asset Management LLC now owns 13,638,193 shares of the enterprise software provider’s stock worth $600,899,000 after buying an additional 486,452 shares in the last quarter. Finally, Nadler Financial Group Inc. lifted its position in shares of Oracle by 120.7% during the 2nd quarter. Nadler Financial Group Inc. now owns 32,171 shares of the enterprise software provider’s stock worth $1,417,000 after buying an additional 17,591 shares in the last quarter. Institutional investors own 53.45% of the company’s stock.

In related news, EVP Dorian Daley sold 131,696 shares of Oracle stock in a transaction that occurred on Monday, September 24th. The shares were sold at an average price of $50.93, for a total value of $6,707,277.28. Following the completion of the transaction, the executive vice president now directly owns 109,615 shares in the company, valued at approximately $5,582,691.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of Oracle stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $49.42, for a total transaction of $185,325.00. Following the completion of the transaction, the director now owns 27,969 shares of the company’s stock, valued at $1,382,227.98. The disclosure for this sale can be found here. Insiders sold a total of 142,946 shares of company stock worth $7,248,965 in the last ninety days. 32.00% of the stock is currently owned by insiders.

Several research firms have commented on ORCL. Rosenblatt Securities reissued a “hold” rating and set a $51.00 target price on shares of Oracle in a research report on Tuesday, October 30th. Nomura dropped their target price on shares of Oracle from $58.00 to $53.00 and set a “buy” rating on the stock in a research report on Friday, October 26th. KeyCorp reissued a “hold” rating on shares of Oracle in a research report on Friday, October 26th. Credit Suisse Group reissued a “buy” rating and set a $60.00 target price on shares of Oracle in a research report on Wednesday, October 24th. Finally, Needham & Company LLC began coverage on shares of Oracle in a research report on Monday, October 22nd. They set a “hold” rating on the stock. Seventeen investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $53.71.

NYSE:ORCL opened at $48.83 on Friday. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 1.41. The company has a market capitalization of $202.14 billion, a P/E ratio of 17.32, a P/E/G ratio of 1.64 and a beta of 1.12. Oracle Co. has a 12 month low of $42.57 and a 12 month high of $53.48.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, September 17th. The enterprise software provider reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.03. The company had revenue of $9.20 billion for the quarter, compared to analysts’ expectations of $9.26 billion. Oracle had a net margin of 9.74% and a return on equity of 25.60%. Oracle’s revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.62 EPS. As a group, sell-side analysts expect that Oracle Co. will post 3.06 EPS for the current year.

Oracle declared that its board has authorized a share repurchase plan on Monday, September 17th that allows the company to repurchase $12.00 billion in shares. This repurchase authorization allows the enterprise software provider to purchase up to 5.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 30th. Investors of record on Tuesday, October 16th were issued a $0.19 dividend. The ex-dividend date was Monday, October 15th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.56%. Oracle’s dividend payout ratio (DPR) is presently 26.95%.

About Oracle

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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