Cito Capital Group LLC Sells 6,000 Shares of Oracle Co. (NYSE:ORCL)

Cito Capital Group LLC decreased its holdings in shares of Oracle Co. (NYSE:ORCL) by 26.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,825 shares of the enterprise software provider’s stock after selling 6,000 shares during the period. Cito Capital Group LLC’s holdings in Oracle were worth $1,466,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of ORCL. NewSquare Capital LLC lifted its stake in Oracle by 183.5% during the third quarter. NewSquare Capital LLC now owns 309 shares of the enterprise software provider’s stock worth $27,000 after purchasing an additional 200 shares during the last quarter. Investment Research & Advisory Group Inc. bought a new stake in Oracle during the third quarter worth about $28,000. Financial Insights Inc. bought a new stake in Oracle during the second quarter worth about $28,000. Samalin Investment Counsel LLC bought a new stake in Oracle during the second quarter worth about $28,000. Finally, Destiny Wealth Partners LLC bought a new stake in Oracle during the third quarter worth about $41,000. 42.88% of the stock is owned by institutional investors.

ORCL has been the subject of several research analyst reports. Zacks Investment Research raised Oracle from a “sell” rating to a “hold” rating and set a $99.00 price target for the company in a research note on Thursday, November 11th. DZ Bank upgraded Oracle from a “sell” rating to a “hold” rating and set a $105.00 price objective on the stock in a report on Wednesday, December 15th. Wolfe Research lifted their price objective on Oracle from $80.00 to $95.00 and gave the stock a “market perform” rating in a report on Friday, December 10th. BMO Capital Markets lifted their price objective on Oracle from $100.00 to $115.00 and gave the stock a “market perform” rating in a report on Friday, December 10th. Finally, Deutsche Bank Aktiengesellschaft upgraded Oracle from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $110.00 to $120.00 in a report on Friday, December 10th. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $95.38.

In other news, Director Naomi O. Seligman sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, December 27th. The stock was sold at an average price of $89.27, for a total value of $2,678,100.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Dorian Daley sold 20,482 shares of the business’s stock in a transaction that occurred on Thursday, December 23rd. The stock was sold at an average price of $89.69, for a total value of $1,837,030.58. The disclosure for this sale can be found here. Insiders own 43.40% of the company’s stock.

Shares of ORCL stock traded down $0.56 during midday trading on Friday, reaching $87.23. 137,667 shares of the stock were exchanged, compared to its average volume of 9,084,600. Oracle Co. has a 1 year low of $59.74 and a 1 year high of $106.34. The company’s 50 day moving average is $92.14 and its two-hundred day moving average is $90.57. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 12.77. The firm has a market cap of $232.94 billion, a PE ratio of 25.45, a price-to-earnings-growth ratio of 2.56 and a beta of 0.80.

Oracle (NYSE:ORCL) last posted its earnings results on Thursday, December 9th. The enterprise software provider reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.10. Oracle had a return on equity of 1,087.71% and a net margin of 24.79%. The firm had revenue of $10.36 billion for the quarter, compared to the consensus estimate of $10.21 billion. During the same quarter in the prior year, the business earned $0.93 EPS. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. As a group, equities analysts expect that Oracle Co. will post 4.07 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 19th. Stockholders of record on Friday, January 7th will be given a $0.32 dividend. The ex-dividend date is Thursday, January 6th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.47%. Oracle’s dividend payout ratio is currently 37.10%.

Oracle declared that its board has initiated a stock repurchase plan on Thursday, December 9th that allows the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization allows the enterprise software provider to repurchase up to 3.6% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Oracle Company Profile

Oracle Corp. engages in the provision of products and services that address all aspects of corporate information technology environments. It operates through the following business segments: Cloud and License, Hardware, and Services. The Cloud and License segment markets, sells, and delivers applications, platform, and infrastructure technologies.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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