Foyston Gordon & Payne Inc Sells 69,525 Shares of Oracle Co. (ORCL)

Foyston Gordon & Payne Inc trimmed its holdings in Oracle Co. (NYSE:ORCL) by 19.1% during the third quarter, HoldingsChannel reports. The institutional investor owned 294,005 shares of the enterprise software provider’s stock after selling 69,525 shares during the quarter. Oracle makes up about 2.6% of Foyston Gordon & Payne Inc’s holdings, making the stock its 15th largest position. Foyston Gordon & Payne Inc’s holdings in Oracle were worth $15,159,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Buckingham Asset Management LLC lifted its position in shares of Oracle by 16.0% during the third quarter. Buckingham Asset Management LLC now owns 28,330 shares of the enterprise software provider’s stock valued at $1,461,000 after purchasing an additional 3,908 shares in the last quarter. Bbva Compass Bancshares Inc. lifted its position in shares of Oracle by 2.9% during the third quarter. Bbva Compass Bancshares Inc. now owns 289,576 shares of the enterprise software provider’s stock valued at $14,931,000 after purchasing an additional 8,215 shares in the last quarter. Hollencrest Capital Management lifted its position in shares of Oracle by 18.5% during the third quarter. Hollencrest Capital Management now owns 60,371 shares of the enterprise software provider’s stock valued at $3,113,000 after purchasing an additional 9,405 shares in the last quarter. Usca Ria LLC lifted its position in shares of Oracle by 2.8% during the third quarter. Usca Ria LLC now owns 69,377 shares of the enterprise software provider’s stock valued at $3,577,000 after purchasing an additional 1,882 shares in the last quarter. Finally, Wedgewood Investors Inc. PA bought a new position in shares of Oracle during the third quarter valued at about $230,000. 53.38% of the stock is currently owned by hedge funds and other institutional investors.

In other Oracle 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 transaction of $6,707,277.28. Following the completion of the sale, the executive vice president now directly owns 109,615 shares in the company, valued at $5,582,691.95. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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 sale, 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. In the last ninety days, insiders have sold 142,946 shares of company stock valued at $7,248,965. 32.00% of the stock is owned by corporate insiders.

A number of research analysts recently weighed in on ORCL shares. UBS Group raised their price target on shares of Oracle from $48.00 to $51.00 and gave the company a “positive” rating in a research report on Thursday, August 9th. Societe Generale set a $50.00 price target on shares of Oracle and gave the company a “neutral” rating in a research report on Tuesday, August 14th. Zacks Investment Research lowered shares of Oracle from a “hold” rating to a “sell” rating in a research report on Tuesday, August 21st. Barclays lifted their price objective on shares of Oracle from $58.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, September 7th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Oracle in a research report on Wednesday, September 12th. Seventeen research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Oracle currently has a consensus rating of “Hold” and an average target price of $53.71.

Shares of NYSE:ORCL opened at $50.61 on Friday. The company has a market cap of $208.76 billion, a P/E ratio of 17.39, a PEG ratio of 1.69 and a beta of 1.12. Oracle Co. has a 12 month low of $42.57 and a 12 month high of $53.48. The company has a debt-to-equity ratio of 1.41, a current ratio of 3.43 and a quick ratio of 3.43.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, September 17th. The enterprise software provider reported $0.71 EPS for the quarter, beating the consensus estimate of $0.68 by $0.03. The company had revenue of $9.20 billion during 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 for the quarter was up .8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.62 earnings per share. As a group, equities research analysts anticipate that Oracle Co. will post 3.06 earnings per share for the current year.

Oracle announced that its Board of Directors has initiated a stock repurchase plan on Monday, September 17th that authorizes the company to buyback $12.00 billion in shares. This buyback authorization authorizes the enterprise software provider to repurchase up to 5.9% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 30th. Investors of record on Tuesday, October 16th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, October 15th. This represents a $0.76 annualized dividend and a yield of 1.50%. Oracle’s dividend payout ratio is currently 26.95%.

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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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