Pillar Pacific Capital Management LLC Trims Stake in Oracle Co. (NYSE:ORCL)

Pillar Pacific Capital Management LLC cut its stake in shares of Oracle Co. (NYSE:ORCL) by 2.6% during the first quarter, HoldingsChannel.com reports. The fund owned 191,267 shares of the enterprise software provider’s stock after selling 5,080 shares during the quarter. Oracle makes up approximately 1.2% of Pillar Pacific Capital Management LLC’s investment portfolio, making the stock its 19th biggest holding. Pillar Pacific Capital Management LLC’s holdings in Oracle were worth $10,273,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Wedgewood Investors Inc. PA boosted its stake in Oracle by 4.1% in the first quarter. Wedgewood Investors Inc. PA now owns 4,650 shares of the enterprise software provider’s stock valued at $250,000 after acquiring an additional 185 shares in the last quarter. Landmark Financial Advisors LLC boosted its stake in Oracle by 2.1% in the fourth quarter. Landmark Financial Advisors LLC now owns 9,613 shares of the enterprise software provider’s stock valued at $434,000 after acquiring an additional 200 shares in the last quarter. Park Avenue Securities LLC boosted its stake in Oracle by 2.6% in the first quarter. Park Avenue Securities LLC now owns 8,064 shares of the enterprise software provider’s stock valued at $440,000 after acquiring an additional 202 shares in the last quarter. Joel Isaacson & Co. LLC boosted its stake in Oracle by 2.1% in the first quarter. Joel Isaacson & Co. LLC now owns 10,158 shares of the enterprise software provider’s stock valued at $546,000 after acquiring an additional 205 shares in the last quarter. Finally, JFS Wealth Advisors LLC boosted its stake in Oracle by 9.0% in the first quarter. JFS Wealth Advisors LLC now owns 2,512 shares of the enterprise software provider’s stock valued at $135,000 after acquiring an additional 207 shares in the last quarter. 53.15% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have weighed in on ORCL shares. Zacks Investment Research downgraded shares of Oracle from a “hold” rating to a “sell” rating in a research note on Wednesday, March 6th. Mitsubishi UFJ Financial Group raised their target price on shares of Oracle from $55.00 to $56.00 and gave the company an “overweight” rating in a research note on Friday, March 15th. BNP Paribas began coverage on shares of Oracle in a research note on Friday, March 29th. They issued a “neutral” rating and a $50.00 target price for the company. Goldman Sachs Group reiterated a “buy” rating and set a $55.00 price objective on shares of Oracle in a research note on Thursday, February 14th. Finally, Standpoint Research downgraded shares of Oracle from a “buy” rating to a “hold” rating in a research note on Tuesday, February 19th. Three equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $53.11.

In other news, insider Jeffrey Henley sold 400,000 shares of the business’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $54.03, for a total transaction of $21,612,000.00. Following the completion of the sale, the insider now owns 400,000 shares of the company’s stock, valued at $21,612,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Edward Screven sold 600,000 shares of the business’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $54.96, for a total transaction of $32,976,000.00. Following the sale, the insider now directly owns 2,812,345 shares of the company’s stock, valued at approximately $154,566,481.20. The disclosure for this sale can be found here. Insiders sold 2,473,750 shares of company stock valued at $133,883,350 in the last ninety days. 32.00% of the stock is owned by corporate insiders.

NYSE ORCL opened at $53.62 on Thursday. The firm has a market cap of $184.35 billion, a P/E ratio of 19.01, a price-to-earnings-growth ratio of 1.62 and a beta of 1.09. Oracle Co. has a 1 year low of $42.40 and a 1 year high of $55.53. The company has a debt-to-equity ratio of 2.13, a current ratio of 2.65 and a quick ratio of 2.65.

Oracle (NYSE:ORCL) last posted its earnings results on Thursday, March 14th. The enterprise software provider reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.02. Oracle had a net margin of 27.14% and a return on equity of 34.03%. The company had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.59 billion. During the same period in the previous year, the firm posted $0.83 earnings per share. The firm’s quarterly revenue was down .7% on a year-over-year basis. On average, equities analysts predict that Oracle Co. will post 3.09 EPS for the current fiscal year.

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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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