Trillium Asset Management LLC Trims Holdings in Oracle Co. (ORCL)

Trillium Asset Management LLC lowered its position in Oracle Co. (NYSE:ORCL) by 11.1% in the third quarter, Holdings Channel reports. The institutional investor owned 9,780 shares of the enterprise software provider’s stock after selling 1,219 shares during the period. Trillium Asset Management LLC’s holdings in Oracle were worth $504,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC increased its holdings in shares of Oracle by 21.4% in the second quarter. FMR LLC now owns 47,683,832 shares of the enterprise software provider’s stock valued at $2,100,949,000 after purchasing an additional 8,401,411 shares during the period. Charles Schwab Investment Advisory Inc. acquired a new position in shares of Oracle in the second quarter valued at approximately $218,896,000. Sumitomo Mitsui Asset Management Company LTD increased its holdings in shares of Oracle by 787.8% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,944,051 shares of the enterprise software provider’s stock valued at $85,654,000 after purchasing an additional 1,725,077 shares during the period. Putnam Investments LLC increased its holdings in shares of Oracle by 202.1% in the second quarter. Putnam Investments LLC now owns 2,136,058 shares of the enterprise software provider’s stock valued at $94,115,000 after purchasing an additional 1,428,924 shares during the period. Finally, Royal London Asset Management Ltd. acquired a new position in shares of Oracle in the second quarter valued at approximately $54,770,000. Institutional investors own 50.95% of the company’s stock.

Oracle stock opened at $48.70 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 firm has a market capitalization of $201.27 billion, a price-to-earnings ratio of 16.77, a PEG ratio of 1.63 and a beta of 1.12. Oracle Co. has a fifty-two week low of $42.57 and a fifty-two 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 for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.03. The company had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.26 billion. Oracle had a return on equity of 25.60% and a net margin of 9.74%. Oracle’s revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.62 earnings per share. Equities analysts predict that Oracle Co. will post 3.06 EPS for the current year.

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

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 30th. Shareholders of record on Tuesday, October 16th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend was Monday, October 15th. Oracle’s dividend payout ratio (DPR) is 26.95%.

In other Oracle news, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $50.01, for a total value of $187,537.50. Following the sale, the director now owns 27,969 shares of the company’s stock, valued at $1,398,729.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Dorian Daley sold 131,696 shares of the company’s stock in a transaction on Monday, September 24th. The shares were sold at an average price of $50.93, for a total value of $6,707,277.28. Following the completion of the sale, the executive vice president now directly owns 109,615 shares in the company, valued at approximately $5,582,691.95. The disclosure for this sale can be found here. Insiders sold 142,946 shares of company stock worth $7,257,365 in the last three months. 32.00% of the stock is owned by corporate insiders.

ORCL has been the topic of a number of recent analyst reports. Nomura set a $58.00 price objective on Oracle and gave the stock a “buy” rating in a report on Tuesday, September 18th. Credit Suisse Group reaffirmed a “buy” rating and set a $60.00 price objective on shares of Oracle in a report on Tuesday, September 18th. Goldman Sachs Group reaffirmed a “buy” rating and set a $55.00 price objective on shares of Oracle in a report on Tuesday, September 18th. KeyCorp reaffirmed a “hold” rating on shares of Oracle in a report on Wednesday, September 12th. Finally, Zacks Investment Research raised Oracle from a “sell” rating to a “hold” rating in a report on Wednesday, September 12th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $53.71.

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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.

Further Reading: How to calculate the intrinsic value of a stock

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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