Oracle Co. (ORCL) Shares Sold by Martingale Asset Management L P

Martingale Asset Management L P decreased its holdings in Oracle Co. (NYSE:ORCL) by 11.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,156,041 shares of the enterprise software provider’s stock after selling 153,163 shares during the quarter. Oracle comprises approximately 0.7% of Martingale Asset Management L P’s portfolio, making the stock its 20th biggest holding. Martingale Asset Management L P’s holdings in Oracle were worth $59,606,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Charles Schwab Investment Advisory Inc. purchased a new position in shares of Oracle in the second quarter valued at $218,896,000. Thompson Siegel & Walmsley LLC boosted its stake in shares of Oracle by 2.1% during the second quarter. Thompson Siegel & Walmsley LLC now owns 304,726 shares of the enterprise software provider’s stock valued at $13,426,000 after acquiring an additional 6,366 shares during the last quarter. Sterling Capital Management LLC boosted its stake in shares of Oracle by 76.8% during the second quarter. Sterling Capital Management LLC now owns 482,931 shares of the enterprise software provider’s stock valued at $21,278,000 after acquiring an additional 209,853 shares during the last quarter. Pitcairn Co. boosted its stake in shares of Oracle by 13.7% during the second quarter. Pitcairn Co. now owns 32,418 shares of the enterprise software provider’s stock valued at $1,428,000 after acquiring an additional 3,898 shares during the last quarter. Finally, 180 Wealth Advisors LLC boosted its stake in shares of Oracle by 16.8% during the second quarter. 180 Wealth Advisors LLC now owns 23,323 shares of the enterprise software provider’s stock valued at $1,028,000 after acquiring an additional 3,358 shares during the last quarter. Hedge funds and other institutional investors own 50.95% of the company’s stock.

A number of analysts recently commented on ORCL shares. Barclays increased their price objective on Oracle from $58.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, September 7th. Nomura set a $58.00 price objective on Oracle and gave the company a “buy” rating in a research note on Tuesday, September 18th. Bank of America increased their price objective on Oracle from $51.00 to $55.00 and gave the company a “neutral” rating in a research note on Tuesday, September 18th. Rosenblatt Securities reaffirmed a “hold” rating and set a $51.00 price objective on shares of Oracle in a research note on Tuesday, October 30th. Finally, Wells Fargo & Co decreased their price objective on Oracle from $62.50 to $60.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 18th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and fifteen have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $53.71.

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

Shares of NYSE:ORCL 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 12-month low of $42.57 and a 12-month high of $53.48. The stock has a market capitalization of $201.60 billion, a price-to-earnings ratio of 17.27, a price-to-earnings-growth ratio of 1.63 and a beta of 1.12.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, September 17th. The enterprise software provider reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $9.26 billion. During the same period last year, the company earned $0.62 EPS. The firm’s quarterly revenue was up .8% on a year-over-year basis. Sell-side analysts expect that Oracle Co. will post 3.06 earnings per share for the current year.

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

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

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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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