Oracle Co. (ORCL) Position Reduced by Bank of The West

Bank of The West reduced its position in shares of Oracle Co. (NYSE:ORCL) by 34.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 36,580 shares of the enterprise software provider’s stock after selling 19,624 shares during the quarter. Bank of The West’s holdings in Oracle were worth $1,886,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Cpwm LLC grew its position in shares of Oracle by 6.5% in the 2nd quarter. Cpwm LLC now owns 17,240 shares of the enterprise software provider’s stock worth $760,000 after buying an additional 1,050 shares during the period. Quadrant Private Wealth Management LLC grew its position in shares of Oracle by 0.9% in the 2nd quarter. Quadrant Private Wealth Management LLC now owns 126,926 shares of the enterprise software provider’s stock worth $5,592,000 after buying an additional 1,072 shares during the period. Willow Creek Wealth Management Inc. grew its position in shares of Oracle by 15.6% in the 2nd quarter. Willow Creek Wealth Management Inc. now owns 8,051 shares of the enterprise software provider’s stock worth $355,000 after buying an additional 1,084 shares during the period. Global Retirement Partners LLC grew its position in Oracle by 7.8% during the 2nd quarter. Global Retirement Partners LLC now owns 15,585 shares of the enterprise software provider’s stock valued at $687,000 after purchasing an additional 1,122 shares during the last quarter. Finally, F&V Capital Management LLC grew its position in Oracle by 1.1% during the 3rd quarter. F&V Capital Management LLC now owns 106,875 shares of the enterprise software provider’s stock valued at $5,510,000 after purchasing an additional 1,125 shares during the last quarter. 53.38% of the stock is currently owned by institutional investors and hedge funds.

In other Oracle news, EVP Dorian Daley sold 131,696 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now 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 is available through this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $47.77, for a total transaction of $179,137.50. Following the transaction, the director now owns 27,969 shares in the company, valued at approximately $1,336,079.13. The disclosure for this sale can be found here. Insiders have sold a total of 142,946 shares of company stock worth $7,248,965 in the last 90 days. Company insiders own 32.00% of the company’s stock.

ORCL opened at $50.61 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 stock has a market cap of $203.88 billion, a price-to-earnings ratio of 17.95, a P/E/G ratio of 1.65 and a beta of 1.12. Oracle Co. has a 52-week low of $42.57 and a 52-week high of $53.48.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, September 17th. The enterprise software provider reported $0.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.03. The business 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%. The business’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.62 EPS. As a group, analysts expect that Oracle Co. will post 3.06 EPS for the current year.

Oracle declared that its board has initiated a stock buyback plan on Monday, September 17th that authorizes the company to buyback $12.00 billion in outstanding shares. This buyback authorization authorizes the enterprise software provider to reacquire up to 5.9% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

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

Several analysts recently commented on ORCL shares. Credit Suisse Group reissued a “buy” rating and set a $60.00 price objective on shares of Oracle in a research report on Wednesday, October 24th. Zacks Investment Research raised shares of Oracle from a “sell” rating to a “hold” rating in a research report on Tuesday, August 28th. Citigroup cut their price objective on shares of Oracle from $51.00 to $49.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 18th. Stifel Nicolaus reissued a “hold” rating and set a $49.00 price objective (down from $50.00) on shares of Oracle in a research report on Tuesday, September 18th. Finally, Barclays increased their price objective on shares of Oracle from $58.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, September 7th. Seventeen analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Oracle presently has an average rating of “Hold” and an average price target of $53.71.

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Oracle Company 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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