Oracle Co. (ORCL) Shares Sold by BlackRock Inc.

BlackRock Inc. lessened its holdings in shares of Oracle Co. (NYSE:ORCL) by 5.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 192,952,149 shares of the enterprise software provider’s stock after selling 10,462,248 shares during the period. BlackRock Inc.’s holdings in Oracle were worth $9,948,614,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Truvestments Capital LLC acquired a new position in shares of Oracle in the third quarter valued at approximately $107,000. WESPAC Advisors SoCal LLC acquired a new position in shares of Oracle in the third quarter valued at approximately $119,000. ELM Advisors LLC acquired a new position in shares of Oracle in the third quarter valued at approximately $122,000. Palo Capital Inc. acquired a new position in shares of Oracle in the third quarter valued at approximately $141,000. Finally, Kiley Juergens Wealth Management LLC increased its holdings in shares of Oracle by 70.9% in the third quarter. Kiley Juergens Wealth Management LLC now owns 2,747 shares of the enterprise software provider’s stock valued at $141,000 after purchasing an additional 1,140 shares during the period. 50.95% of the stock is currently owned by institutional investors.

Oracle stock opened at $48.70 on Monday. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 1.41. Oracle Co. has a 1-year low of $42.57 and a 1-year high of $53.48. The company has a market capitalization of $201.60 billion, a P/E ratio of 17.27, a price-to-earnings-growth ratio of 1.63 and a beta of 1.12.

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

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

Oracle announced that its board has approved a share buyback program on Monday, September 17th that permits the company to buyback $12.00 billion in outstanding shares. This buyback authorization permits the enterprise software provider to purchase up to 5.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

A number of research analysts have recently issued reports on ORCL shares. Nomura set a $58.00 target price on Oracle and gave the company a “buy” rating in a report on Tuesday, September 18th. Credit Suisse Group reissued a “buy” rating and issued a $60.00 target price on shares of Oracle in a report on Tuesday, September 18th. Goldman Sachs Group reissued a “buy” rating and issued a $55.00 target price on shares of Oracle in a report on Tuesday, September 18th. KeyCorp reissued 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 research analyst has rated the stock with a sell rating, sixteen have given a hold rating and fifteen have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $53.71.

In other Oracle news, EVP Dorian Daley sold 131,696 shares of the business’s stock in a transaction on Monday, September 24th. The stock was sold at an average price of $50.93, for a total transaction of $6,707,277.28. Following the sale, the executive vice president now directly owns 109,615 shares in the company, valued at $5,582,691.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction on Monday, September 17th. The stock was sold at an average price of $49.42, for a total value of $185,325.00. Following the sale, the director now owns 27,969 shares in the company, valued at $1,382,227.98. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 142,946 shares of company stock worth $7,257,365. Company insiders own 32.00% of the company’s stock.

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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.

See Also: Depreciation

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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