Northwestern Mutual Investment Management Company LLC Decreases Stake in Oracle Co. (NYSE:ORCL)

Northwestern Mutual Investment Management Company LLC cut its holdings in Oracle Co. (NYSE:ORCL) by 8.9% during the third quarter, Holdings Channel reports. The institutional investor owned 83,842 shares of the enterprise software provider’s stock after selling 8,197 shares during the quarter. Northwestern Mutual Investment Management Company LLC’s holdings in Oracle were worth $4,614,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of ORCL. Nuveen Asset Management LLC boosted its stake in shares of Oracle by 6,437.0% in the second quarter. Nuveen Asset Management LLC now owns 10,144,910 shares of the enterprise software provider’s stock valued at $577,955,000 after buying an additional 9,989,718 shares in the last quarter. Longview Partners Guernsey LTD boosted its position in Oracle by 16.9% during the second quarter. Longview Partners Guernsey LTD now owns 22,243,759 shares of the enterprise software provider’s stock worth $1,267,227,000 after purchasing an additional 3,220,296 shares in the last quarter. Renaissance Technologies LLC boosted its position in Oracle by 2,952.4% during the second quarter. Renaissance Technologies LLC now owns 2,970,032 shares of the enterprise software provider’s stock worth $169,203,000 after purchasing an additional 2,872,732 shares in the last quarter. LSV Asset Management boosted its position in Oracle by 37.8% during the second quarter. LSV Asset Management now owns 8,335,383 shares of the enterprise software provider’s stock worth $474,866,000 after purchasing an additional 2,286,600 shares in the last quarter. Finally, Beutel Goodman & Co Ltd. boosted its position in Oracle by 62.5% during the second quarter. Beutel Goodman & Co Ltd. now owns 5,578,093 shares of the enterprise software provider’s stock worth $231,296,000 after purchasing an additional 2,146,084 shares in the last quarter. Hedge funds and other institutional investors own 53.81% of the company’s stock.

ORCL has been the topic of a number of research analyst reports. Monness Crespi & Hardt reiterated a “hold” rating on shares of Oracle in a research report on Tuesday, September 10th. Goldman Sachs Group set a $62.00 target price on Oracle and gave the stock a “buy” rating in a research report on Friday, September 20th. Jefferies Financial Group downgraded Oracle from a “buy” rating to a “hold” rating and decreased their target price for the stock from $66.00 to $60.00 in a research report on Monday, October 7th. Barclays reiterated a “neutral” rating and set a $61.00 target price on shares of Oracle in a research report on Friday, November 1st. Finally, William Blair reiterated a “hold” rating on shares of Oracle in a research report on Thursday, September 12th. Four research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $56.80.

In related news, Director Jeffrey Berg sold 9,550 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $56.59, for a total value of $540,434.50. Also, CEO Mark V. Hurd sold 787,500 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $51.80, for a total value of $40,792,500.00. Following the completion of the transaction, the chief executive officer now owns 1,038,755 shares of the company’s stock, valued at $53,807,509. The disclosure for this sale can be found here. Over the last three months, insiders sold 859,336 shares of company stock valued at $44,753,591. Insiders own 36.60% of the company’s stock.

Shares of NYSE ORCL traded down $0.38 during trading on Wednesday, reaching $56.21. The company had a trading volume of 6,788,855 shares, compared to its average volume of 13,396,502. Oracle Co. has a twelve month low of $42.40 and a twelve month high of $60.50. The stock has a market capitalization of $185.43 billion, a PE ratio of 17.79, a price-to-earnings-growth ratio of 1.67 and a beta of 1.16. The stock has a 50-day moving average price of $54.97 and a two-hundred day moving average price of $54.84. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 2.67.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Wednesday, September 11th. The enterprise software provider reported $0.81 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.09. Oracle had a return on equity of 48.85% and a net margin of 27.71%. The company had revenue of $9.22 billion during the quarter, compared to analysts’ expectations of $9.29 billion. During the same period in the previous year, the firm posted $0.71 earnings per share. The business’s revenue for the quarter was up .2% compared to the same quarter last year. On average, sell-side analysts predict that Oracle Co. will post 3.47 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were issued a $0.24 dividend. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.71%. Oracle’s dividend payout ratio (DPR) is 30.38%.

Oracle declared that its board has approved a stock buyback plan on Wednesday, September 11th that allows the company to repurchase $15.00 billion in shares. This repurchase authorization allows the enterprise software provider to purchase up to 8.4% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.

Oracle 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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