Oracle Co. (NYSE:ORCL) Shares Sold by Atlas Capital Advisors LLC

Atlas Capital Advisors LLC lowered its stake in Oracle Co. (NYSE:ORCLGet Rating) by 12.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 11,943 shares of the enterprise software provider’s stock after selling 1,773 shares during the quarter. Atlas Capital Advisors LLC’s holdings in Oracle were worth $988,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in Oracle by 1.6% in the 4th quarter. BlackRock Inc. now owns 119,247,252 shares of the enterprise software provider’s stock valued at $10,399,550,000 after purchasing an additional 1,886,260 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in Oracle by 4.7% in the 1st quarter. Fisher Asset Management LLC now owns 16,758,831 shares of the enterprise software provider’s stock valued at $1,386,458,000 after purchasing an additional 757,743 shares in the last quarter. Norges Bank purchased a new position in shares of Oracle during the 4th quarter worth $947,274,000. Nuveen Asset Management LLC raised its holdings in shares of Oracle by 2.8% during the 4th quarter. Nuveen Asset Management LLC now owns 8,439,304 shares of the enterprise software provider’s stock worth $735,992,000 after acquiring an additional 226,177 shares during the period. Finally, Swiss National Bank grew its holdings in shares of Oracle by 11.6% in the first quarter. Swiss National Bank now owns 7,104,188 shares of the enterprise software provider’s stock valued at $587,729,000 after purchasing an additional 736,800 shares during the period. Institutional investors and hedge funds own 42.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ORCL. Guggenheim started coverage on shares of Oracle in a report on Friday, August 12th. They issued a “buy” rating and a $107.00 target price on the stock. Jefferies Financial Group increased their price target on shares of Oracle from $75.00 to $80.00 in a research note on Tuesday, June 14th. Deutsche Bank Aktiengesellschaft set a $110.00 price target on shares of Oracle in a research note on Monday, June 20th. Cowen dropped their price target on shares of Oracle from $107.00 to $98.00 and set an “outperform” rating for the company in a research note on Thursday, June 9th. Finally, Daiwa Capital Markets lowered their price objective on shares of Oracle from $87.00 to $70.00 and set a “neutral” rating for the company in a research report on Monday, June 27th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Oracle presently has an average rating of “Hold” and an average target price of $89.77.

Insiders Place Their Bets

In other news, CEO Safra Catz sold 1,000,000 shares of the business’s stock in a transaction dated Friday, June 17th. The shares were sold at an average price of $68.08, for a total transaction of $68,080,000.00. Following the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $76,153,743.36. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, insider Edward Screven sold 419,174 shares of the stock in a transaction that occurred on Wednesday, June 29th. The stock was sold at an average price of $69.22, for a total transaction of $29,015,224.28. Following the completion of the transaction, the insider now directly owns 2,492,613 shares of the company’s stock, valued at approximately $172,538,671.86. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Safra Catz sold 1,000,000 shares of the stock in a transaction that occurred on Friday, June 17th. The stock was sold at an average price of $68.08, for a total value of $68,080,000.00. Following the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $76,153,743.36. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,399,174 shares of company stock valued at $232,369,224. Insiders own 39.10% of the company’s stock.

Oracle Price Performance

Shares of NYSE:ORCL opened at $79.32 on Friday. The company’s fifty day moving average price is $72.84 and its 200 day moving average price is $75.38. Oracle Co. has a 12 month low of $63.76 and a 12 month high of $106.34. The firm has a market capitalization of $211.38 billion, a P/E ratio of 33.05, a P/E/G ratio of 2.24 and a beta of 0.87.

Oracle (NYSE:ORCLGet Rating) last announced its quarterly earnings results on Monday, June 13th. The enterprise software provider reported $1.31 EPS for the quarter, topping the consensus estimate of $1.17 by $0.14. Oracle had a net margin of 15.83% and a negative return on equity of 193.58%. The firm had revenue of $11.84 billion for the quarter, compared to analyst estimates of $11.65 billion. During the same period last year, the business earned $1.40 EPS. Oracle’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Oracle Co. will post 4.43 EPS for the current year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 26th. Shareholders of record on Tuesday, July 12th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend was Monday, July 11th. Oracle’s payout ratio is currently 53.33%.

About Oracle

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Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.

Further Reading

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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