Scotia Capital Inc. Sells 28,860 Shares of Oracle Co. (NYSE:ORCL)

Scotia Capital Inc. decreased its position in Oracle Co. (NYSE:ORCL) by 29.0% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 70,701 shares of the enterprise software provider’s stock after selling 28,860 shares during the period. Scotia Capital Inc.’s holdings in Oracle were worth $4,028,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Appleton Partners Inc. MA lifted its holdings in shares of Oracle by 2.9% in the second quarter. Appleton Partners Inc. MA now owns 6,170 shares of the enterprise software provider’s stock valued at $351,000 after purchasing an additional 173 shares in the last quarter. Northern Oak Wealth Management Inc. lifted its holdings in shares of Oracle by 14.8% in the second quarter. Northern Oak Wealth Management Inc. now owns 1,378 shares of the enterprise software provider’s stock valued at $78,000 after purchasing an additional 178 shares in the last quarter. Wedgewood Investors Inc. PA lifted its holdings in shares of Oracle by 4.1% in the first quarter. Wedgewood Investors Inc. PA now owns 4,650 shares of the enterprise software provider’s stock valued at $250,000 after purchasing an additional 185 shares in the last quarter. Slow Capital Inc. lifted its holdings in shares of Oracle by 1.1% in the second quarter. Slow Capital Inc. now owns 17,403 shares of the enterprise software provider’s stock valued at $991,000 after purchasing an additional 197 shares in the last quarter. Finally, Meristem Family Wealth LLC lifted its holdings in shares of Oracle by 4.6% in the second quarter. Meristem Family Wealth LLC now owns 4,478 shares of the enterprise software provider’s stock valued at $255,000 after purchasing an additional 198 shares in the last quarter. Hedge funds and other institutional investors own 53.05% of the company’s stock.

In related news, CEO Mark V. Hurd sold 787,500 shares of the business’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $56.29, for a total transaction 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 available through this link. Also, CAO W Corey West sold 50,000 shares of the business’s stock in a transaction dated 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 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 quarter, insiders sold 2,140,000 shares of company stock valued at $117,501,425. 32.00% of the stock is owned by company insiders.

Shares of NYSE ORCL traded down $0.25 during mid-day trading on Friday, hitting $53.64. The company had a trading volume of 547,646 shares, compared to its average volume of 9,948,703. The company has a market capitalization of $185.04 billion, a price-to-earnings ratio of 16.99, a P/E/G ratio of 1.62 and a beta of 1.18. Oracle Co. has a 1 year low of $42.40 and a 1 year high of $60.50. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 2.31. The stock’s 50-day moving average price is $54.15 and its 200-day moving average price is $54.46.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Wednesday, September 11th. The enterprise software provider reported $0.81 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.09. The company had revenue of $9.22 billion during the quarter, compared to analysts’ expectations of $9.29 billion. Oracle had a return on equity of 40.95% and a net margin of 28.06%. The firm’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.71 earnings per share. As a group, equities research analysts forecast that Oracle Co. will post 3.49 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend is Wednesday, October 9th. Oracle’s dividend payout ratio (DPR) is presently 30.38%.

A number of brokerages recently commented on ORCL. Barclays dropped their price target on Oracle from $59.00 to $57.00 and set an “equal weight” rating on the stock in a report on Thursday. Morgan Stanley lifted their price target on Oracle from $54.00 to $59.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 21st. Monness Crespi & Hardt reiterated a “hold” rating on shares of Oracle in a report on Tuesday. Argus reiterated a “buy” rating on shares of Oracle in a report on Friday. Finally, Raymond James lifted their price target on Oracle from $57.00 to $61.00 and gave the stock an “outperform” rating in a report on Thursday, June 20th. Three investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and eleven have assigned a buy rating to the stock. Oracle currently has a consensus rating of “Hold” and a consensus price target of $55.88.

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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