First Mercantile Trust Co. Cuts Position in Oracle Co. (ORCL)

First Mercantile Trust Co. decreased its holdings in Oracle Co. (NYSE:ORCL) by 12.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 51,483 shares of the enterprise software provider’s stock after selling 7,142 shares during the quarter. First Mercantile Trust Co.’s holdings in Oracle were worth $2,433,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Acrospire Investment Management LLC grew its position in Oracle by 947.4% in the second quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock valued at $100,000 after acquiring an additional 1,800 shares in the last quarter. Tarbox Family Office Inc. grew its position in Oracle by 71.1% in the fourth quarter. Tarbox Family Office Inc. now owns 2,322 shares of the enterprise software provider’s stock valued at $110,000 after acquiring an additional 965 shares in the last quarter. Wealthcare Advisory Partners LLC grew its position in Oracle by 81,200.0% in the third quarter. Wealthcare Advisory Partners LLC now owns 2,439 shares of the enterprise software provider’s stock valued at $118,000 after acquiring an additional 2,436 shares in the last quarter. Cerebellum GP LLC acquired a new stake in Oracle in the fourth quarter valued at approximately $126,000. Finally, ETF Managers Group LLC acquired a new stake in Oracle in the second quarter valued at approximately $133,000. Hedge funds and other institutional investors own 57.93% of the company’s stock.

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In related news, EVP Dorian Daley sold 100,000 shares of Oracle stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $52.00, for a total transaction of $5,200,000.00. Following the sale, the executive vice president now directly owns 37,576 shares in the company, valued at $1,953,952. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of Oracle stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $52.19, for a total transaction of $195,712.50. Following the sale, the director now owns 18,125 shares in the company, valued at $945,943.75. The disclosure for this sale can be found here. Insiders sold 1,956,250 shares of company stock worth $98,330,688 over the last quarter. 29.00% of the stock is currently owned by company insiders.

Shares of Oracle Co. (NYSE ORCL) opened at $51.95 on Tuesday. The company has a quick ratio of 5.04, a current ratio of 5.07 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $216,377.00, a price-to-earnings ratio of 19.95, a price-to-earnings-growth ratio of 1.99 and a beta of 1.05. Oracle Co. has a one year low of $43.60 and a one year high of $53.48.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, March 19th. The enterprise software provider reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.11. The company had revenue of $9.78 billion for the quarter, compared to analysts’ expectations of $9.77 billion. Oracle had a return on equity of 20.49% and a net margin of 25.48%. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period last year, the business posted $0.69 earnings per share. equities research analysts anticipate that Oracle Co. will post 2.68 EPS for the current fiscal year.

Oracle announced that its Board of Directors has authorized a share repurchase plan on Thursday, December 14th that authorizes the company to buyback $12.00 billion in outstanding shares. This buyback authorization authorizes the enterprise software provider to purchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 1st. Shareholders of record on Tuesday, April 17th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.46%. Oracle’s payout ratio is 32.62%.

ORCL has been the subject of several recent research reports. Wedbush reaffirmed a “buy” rating and issued a $58.00 price objective on shares of Oracle in a research report on Friday, December 15th. Canaccord Genuity lowered their price objective on shares of Oracle from $57.00 to $53.00 and set a “buy” rating for the company in a research report on Friday, December 15th. Vetr downgraded shares of Oracle from a “buy” rating to a “hold” rating and set a $51.82 price objective for the company. in a research report on Wednesday, January 17th. JPMorgan Chase & Co. set a $55.00 price objective on shares of Oracle and gave the company a “buy” rating in a research report on Tuesday, December 12th. Finally, ValuEngine raised shares of Oracle from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. One analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-eight have assigned a buy rating to the company’s stock. Oracle currently has an average rating of “Buy” and an average target price of $56.38.

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About Oracle

Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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