Machina Capital S.A.S. Raises Stake in Oracle Co. (NYSE:ORCL)

Machina Capital S.A.S. raised its stake in Oracle Co. (NYSE:ORCL) by 27.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,513 shares of the enterprise software provider’s stock after buying an additional 3,822 shares during the quarter. Machina Capital S.A.S.’s holdings in Oracle were worth $994,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wedgewood Investors Inc. PA grew its stake in Oracle by 4.1% during the 1st quarter. Wedgewood Investors Inc. PA now owns 4,650 shares of the enterprise software provider’s stock worth $250,000 after buying an additional 185 shares during the last quarter. Park Avenue Securities LLC grew its stake in Oracle by 2.6% during the 1st quarter. Park Avenue Securities LLC now owns 8,064 shares of the enterprise software provider’s stock worth $440,000 after buying an additional 202 shares during the last quarter. Joel Isaacson & Co. LLC grew its stake in Oracle by 2.1% during the 1st quarter. Joel Isaacson & Co. LLC now owns 10,158 shares of the enterprise software provider’s stock worth $546,000 after buying an additional 205 shares during the last quarter. JFS Wealth Advisors LLC grew its stake in Oracle by 9.0% during the 1st quarter. JFS Wealth Advisors LLC now owns 2,512 shares of the enterprise software provider’s stock worth $135,000 after buying an additional 207 shares during the last quarter. Finally, Rockland Trust Co. grew its stake in Oracle by 2.6% during the 2nd quarter. Rockland Trust Co. now owns 8,262 shares of the enterprise software provider’s stock worth $471,000 after buying an additional 209 shares during the last quarter. Institutional investors and hedge funds own 54.26% of the company’s stock.

In related news, Director Hector Garcia-Molina sold 3,750 shares of Oracle stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $54.52, for a total transaction of $204,450.00. Following the completion of the transaction, the director now directly owns 27,969 shares of the company’s stock, valued at $1,524,869.88. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO W Corey West sold 50,000 shares of Oracle stock in a transaction on Monday, June 24th. The stock was sold at an average price of $56.25, for a total value of $2,812,500.00. Following the transaction, the chief accounting officer now directly owns 85,348 shares of the company’s stock, valued at $4,800,825. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,356,250 shares of company stock valued at $76,913,375. 32.00% of the stock is currently owned by insiders.

A number of research firms recently issued reports on ORCL. Macquarie downgraded Oracle from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $56.00 to $55.00 in a research note on Tuesday, June 18th. They noted that the move was a valuation call. Raymond James set a C$19.50 price target on Heroux Devtek and gave the stock an “outperform” rating in a research note on Thursday, June 20th. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 1,700 ($22.21) price target on shares of in a research note on Tuesday, June 18th. Wedbush initiated coverage on Chewy in a research note on Thursday, June 20th. They issued a “neutral” rating on the stock. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a C$17.00 target price on shares of Wajax in a research note on Thursday, June 20th. Three analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and ten have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $54.58.

Shares of Oracle stock traded down $0.63 during trading on Wednesday, reaching $56.86. The company’s stock had a trading volume of 155,062 shares, compared to its average volume of 11,285,391. The business’s 50 day simple moving average is $57.27. The firm has a market capitalization of $195.15 billion, a P/E ratio of 18.00, a P/E/G ratio of 1.71 and a beta of 1.15. Oracle Co. has a 12-month low of $42.40 and a 12-month high of $60.50. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 2.31.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Wednesday, June 19th. The enterprise software provider reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.18. The firm had revenue of $11.14 billion during the quarter, compared to analysts’ expectations of $10.93 billion. Oracle had a return on equity of 40.95% and a net margin of 28.06%. Oracle’s revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.99 earnings per share. Analysts predict that Oracle Co. will post 3.5 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, July 16th. This represents a $0.96 annualized dividend and a yield of 1.69%. Oracle’s dividend payout ratio is presently 30.38%.

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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