Oracle Co. (ORCL) Shares Sold by Letko Brosseau & Associates Inc.

Letko Brosseau & Associates Inc. lowered its stake in shares of Oracle Co. (NYSE:ORCL) by 2.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,437,898 shares of the enterprise software provider’s stock after selling 33,305 shares during the period. Letko Brosseau & Associates Inc.’s holdings in Oracle were worth $64,921,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in ORCL. Oregon Public Employees Retirement Fund boosted its holdings in Oracle by 4,197.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 13,616,969 shares of the enterprise software provider’s stock worth $302,000 after buying an additional 13,300,077 shares in the last quarter. Matthew Goff Investment Advisor LLC boosted its holdings in Oracle by 4,306.0% during the third quarter. Matthew Goff Investment Advisor LLC now owns 5,431,102 shares of the enterprise software provider’s stock worth $123,266,000 after buying an additional 5,307,836 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Oracle by 13.1% during the third quarter. Franklin Resources Inc. now owns 29,336,984 shares of the enterprise software provider’s stock worth $1,512,636,000 after buying an additional 3,393,152 shares in the last quarter. Morgan Stanley boosted its holdings in Oracle by 20.1% during the third quarter. Morgan Stanley now owns 19,959,479 shares of the enterprise software provider’s stock worth $1,029,110,000 after buying an additional 3,340,653 shares in the last quarter. Finally, Magellan Asset Management Ltd boosted its holdings in Oracle by 11.3% during the third quarter. Magellan Asset Management Ltd now owns 30,787,975 shares of the enterprise software provider’s stock worth $1,587,428,000 after buying an additional 3,124,391 shares in the last quarter. 46.80% of the stock is currently owned by hedge funds and other institutional investors.

In other news, EVP Dorian Daley sold 6,302 shares of the business’s stock in a transaction that occurred on Monday, December 24th. The shares were sold at an average price of $43.24, for a total value of $272,498.48. Following the completion of the transaction, the executive vice president now owns 77,919 shares of the company’s stock, valued at $3,369,217.56. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction that occurred on Tuesday, January 15th. The stock was sold at an average price of $48.20, for a total transaction of $180,750.00. Following the transaction, the director now directly owns 27,969 shares of the company’s stock, valued at approximately $1,348,105.80. The disclosure for this sale can be found here. In the last three months, insiders sold 42,552 shares of company stock valued at $1,945,486. Company insiders own 32.00% of the company’s stock.

NYSE:ORCL opened at $53.05 on Friday. The company has a quick ratio of 2.80, a current ratio of 2.80 and a debt-to-equity ratio of 1.66. The company has a market capitalization of $218.57 billion, a PE ratio of 18.81, a PEG ratio of 1.75 and a beta of 1.08. Oracle Co. has a 1-year low of $42.40 and a 1-year high of $53.47.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Thursday, March 14th. The enterprise software provider reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.03. The business had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.59 billion. Oracle had a net margin of 10.01% and a return on equity of 29.93%. The company’s revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.83 earnings per share. Research analysts anticipate that Oracle Co. will post 3.07 earnings per share for the current fiscal year.

A number of analysts recently commented on ORCL shares. Nomura set a $53.00 price objective on shares of Oracle and gave the stock a “buy” rating in a report on Wednesday, December 12th. BMO Capital Markets cut shares of Oracle from an “outperform” rating to a “market perform” rating in a research report on Friday. Barclays cut shares of Oracle from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $60.00 to $55.00 in a research report on Wednesday, January 9th. UBS Group restated a “neutral” rating and set a $51.00 target price on shares of Oracle in a research report on Tuesday, December 18th. Finally, Atlantic Securities started coverage on shares of Oracle in a research report on Wednesday, January 9th. They set an “underweight” rating and a $45.00 target price for the company. Three analysts have rated the stock with a sell rating, nineteen have given a hold rating and seven have given a buy rating to the company’s stock. Oracle has an average rating of “Hold” and an average price target of $52.12.

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About Oracle

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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