LSV Asset Management Sells 1,269,890 Shares of Oracle Co. (NYSE:ORCL)

LSV Asset Management trimmed its holdings in Oracle Co. (NYSE:ORCL) by 45.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,511,800 shares of the enterprise software provider’s stock after selling 1,269,890 shares during the quarter. LSV Asset Management owned approximately 0.05% of Oracle worth $159,389,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Oracle by 5.7% during the 3rd quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock worth $15,599,200,000 after purchasing an additional 7,883,515 shares during the last quarter. Northern Trust Corp lifted its position in shares of Oracle by 3.5% during the third quarter. Northern Trust Corp now owns 18,718,180 shares of the enterprise software provider’s stock valued at $1,982,630,000 after buying an additional 635,994 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Oracle by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,704,523 shares of the enterprise software provider’s stock valued at $1,211,307,000 after buying an additional 61,604 shares in the last quarter. Invesco Ltd. grew its position in shares of Oracle by 1.1% in the 3rd quarter. Invesco Ltd. now owns 8,471,884 shares of the enterprise software provider’s stock worth $897,342,000 after buying an additional 89,876 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of Oracle by 9,299.3% during the 3rd quarter. Wellington Management Group LLP now owns 8,170,999 shares of the enterprise software provider’s stock worth $865,472,000 after acquiring an additional 8,084,067 shares in the last quarter. 42.44% of the stock is owned by institutional investors.

Oracle Stock Performance

Oracle stock traded up $0.84 during mid-day trading on Friday, hitting $115.80. The company had a trading volume of 4,484,976 shares, compared to its average volume of 6,128,065. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34. The company has a market capitalization of $318.28 billion, a price-to-earnings ratio of 30.55, a P/E/G ratio of 2.31 and a beta of 1.03. The company’s fifty day moving average is $119.91 and its 200-day moving average is $113.32. Oracle Co. has a 12-month low of $94.41 and a 12-month high of $132.77.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. The firm had revenue of $13.28 billion for the quarter, compared to the consensus estimate of $13.29 billion. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.96 earnings per share. Equities research analysts predict that Oracle Co. will post 4.44 EPS for the current year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th were given a dividend of $0.40 per share. The ex-dividend date was Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a yield of 1.38%. Oracle’s dividend payout ratio is currently 42.22%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on ORCL shares. StockNews.com lowered shares of Oracle from a “buy” rating to a “hold” rating in a report on Wednesday. The Goldman Sachs Group upped their target price on Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research report on Wednesday, March 13th. William Blair upgraded Oracle from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 12th. HSBC boosted their price target on Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Finally, Argus raised shares of Oracle from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. Eleven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $130.76.

Insider Buying and Selling at Oracle

In related news, Director George H. Conrades sold 25,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $116.13, for a total value of $2,903,250.00. Following the completion of the sale, the director now owns 17,836 shares of the company’s stock, valued at approximately $2,071,294.68. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director George H. Conrades sold 25,000 shares of Oracle stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total value of $2,903,250.00. Following the sale, the director now directly owns 17,836 shares in the company, valued at approximately $2,071,294.68. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Safra Catz sold 790,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total value of $99,966,600.00. Following the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $141,546,631.68. The disclosure for this sale can be found here. 42.80% of the stock is owned by corporate insiders.

About Oracle

Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.