Compagnie Lombard Odier SCmA Reduces Position in Oracle Co. (ORCL)

Compagnie Lombard Odier SCmA lowered its stake in shares of Oracle Co. (NYSE:ORCL) by 17.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 86,775 shares of the enterprise software provider’s stock after selling 17,796 shares during the quarter. Compagnie Lombard Odier SCmA’s holdings in Oracle were worth $4,477,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Truvestments Capital LLC acquired a new stake in Oracle during the third quarter worth $107,000. WESPAC Advisors SoCal LLC acquired a new stake in Oracle during the third quarter worth $119,000. ELM Advisors LLC acquired a new stake in Oracle during the third quarter worth $122,000. Kiley Juergens Wealth Management LLC boosted its stake in Oracle by 70.9% during the third quarter. Kiley Juergens Wealth Management LLC now owns 2,747 shares of the enterprise software provider’s stock worth $141,000 after buying an additional 1,140 shares in the last quarter. Finally, Palo Capital Inc. acquired a new stake in Oracle during the third quarter worth $141,000. 50.95% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have weighed in on ORCL. Zacks Investment Research downgraded shares of Oracle from a “hold” rating to a “sell” rating in a research note on Wednesday, November 28th. MED decreased their price target on shares of Oracle from $56.00 to $55.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 10th. They noted that the move was a valuation call. Credit Suisse Group reiterated a “buy” rating and set a $60.00 price target on shares of Oracle in a research note on Wednesday, October 24th. UBS Group lifted their price target on shares of Oracle from $48.00 to $51.00 and gave the stock a “positive” rating in a research note on Thursday, August 9th. Finally, Needham & Company LLC began coverage on shares of Oracle in a research note on Monday, October 22nd. They set a “hold” rating on the stock. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and fifteen have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $53.71.

Shares of NYSE:ORCL opened at $48.76 on Monday. Oracle Co. has a 52 week low of $42.57 and a 52 week high of $53.48. The company has a debt-to-equity ratio of 1.41, a quick ratio of 3.43 and a current ratio of 3.43. The firm has a market capitalization of $201.85 billion, a PE ratio of 17.29, a PEG ratio of 1.64 and a beta of 1.12.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, September 17th. The enterprise software provider reported $0.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.03. Oracle had a net margin of 9.74% and a return on equity of 25.60%. The company had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.26 billion. During the same quarter in the previous year, the company earned $0.62 EPS. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. On average, sell-side analysts forecast that Oracle Co. will post 3.06 EPS for the current year.

Oracle declared that its Board of Directors has initiated a stock buyback program 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 programs are generally an indication that the company’s leadership believes its shares are undervalued.

In related 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $49.42, for a total transaction of $185,325.00. Following the transaction, the director now owns 27,969 shares in the company, valued at approximately $1,382,227.98. The disclosure for this sale can be found here. In the last quarter, insiders have sold 142,946 shares of company stock worth $7,257,365. 32.00% of the stock is owned by corporate insiders.

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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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