Oracle Co. (NYSE:ORCL) is Stonebridge Capital Management Inc.’s 6th Largest Position

Stonebridge Capital Management Inc. reduced its holdings in shares of Oracle Co. (NYSE:ORCL) by 4.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 161,086 shares of the enterprise software provider’s stock after selling 7,600 shares during the period. Oracle accounts for about 3.6% of Stonebridge Capital Management Inc.’s investment portfolio, making the stock its 6th largest holding. Stonebridge Capital Management Inc.’s holdings in Oracle were worth $9,177,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Magellan Asset Management Ltd raised its holdings in Oracle by 0.5% in the fourth quarter. Magellan Asset Management Ltd now owns 30,936,949 shares of the enterprise software provider’s stock worth $1,396,803,000 after buying an additional 148,974 shares during the last quarter. Norges Bank purchased a new position in Oracle in the fourth quarter worth about $1,235,719,000. Clearbridge Investments LLC raised its holdings in Oracle by 1.7% in the first quarter. Clearbridge Investments LLC now owns 20,778,045 shares of the enterprise software provider’s stock worth $1,115,989,000 after buying an additional 345,982 shares during the last quarter. Nordea Investment Management AB raised its holdings in Oracle by 4.1% in the fourth quarter. Nordea Investment Management AB now owns 15,877,915 shares of the enterprise software provider’s stock worth $716,891,000 after buying an additional 626,766 shares during the last quarter. Finally, Boston Partners raised its holdings in Oracle by 5.0% in the first quarter. Boston Partners now owns 13,088,162 shares of the enterprise software provider’s stock worth $702,965,000 after buying an additional 626,663 shares during the last quarter. 54.26% of the stock is owned by institutional investors.

Several research firms have recently weighed in on ORCL. Wells Fargo & Co reissued an “outperform” rating on shares of Applied Materials in a report on Thursday, June 20th. KeyCorp boosted their price objective on shares of Paylocity from $106.00 to $112.00 and gave the company an “overweight” rating in a report on Thursday, June 20th. Macquarie cut shares of Oracle from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $56.00 to $55.00 in a report on Tuesday, June 18th. They noted that the move was a valuation call. Jefferies Financial Group boosted their price objective on shares of Oracle from $61.00 to $66.00 and gave the company a “buy” rating in a report on Thursday, June 20th. Finally, Raymond James set a C$19.50 price objective on shares of Heroux Devtek and gave the company an “outperform” rating in a report on Thursday, June 20th. Three analysts have rated the stock with a sell rating, nineteen have given a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $54.58.

In other Oracle news, CEO Mark V. Hurd sold 787,500 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $56.29, for a total value of $44,328,375.00. Following the completion of the transaction, the chief executive officer now directly owns 874,871 shares in the company, valued at $49,246,488.59. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction that occurred 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 owns 27,969 shares of the company’s stock, valued at $1,524,869.88. The disclosure for this sale can be found here. Insiders have sold 1,356,250 shares of company stock valued at $76,913,375 over the last 90 days. 32.00% of the stock is currently owned by company insiders.

NYSE ORCL traded down $0.54 during trading hours on Wednesday, hitting $56.96. 4,300,313 shares of the company’s stock traded hands, compared to its average volume of 11,285,391. The stock has a fifty day simple moving average of $57.27. The company has a debt-to-equity ratio of 2.31, a current ratio of 2.49 and a quick ratio of 2.49. The firm has a market capitalization of $195.15 billion, a price-to-earnings ratio of 18.02, a P/E/G ratio of 1.71 and a beta of 1.15. Oracle Co. has a 52 week low of $42.40 and a 52 week high of $60.50.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be given a dividend of $0.24 per share. The ex-dividend date is Tuesday, July 16th. This represents a $0.96 annualized dividend and a yield of 1.69%. Oracle’s dividend payout ratio (DPR) is 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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