Brighton Jones LLC Has $10.90 Million Stake in Oracle Co. (NYSE:ORCL)

Brighton Jones LLC decreased its position in shares of Oracle Co. (NYSE:ORCL) by 49.2% in the first quarter, Holdings Channel reports. The fund owned 77,969 shares of the enterprise software provider’s stock after selling 75,611 shares during the period. Brighton Jones LLC’s holdings in Oracle were worth $10,901,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Oracle during the fourth quarter valued at about $2,216,314,000. Raymond James Financial Inc. acquired a new position in shares of Oracle during the fourth quarter valued at about $930,095,000. GAMMA Investing LLC raised its position in shares of Oracle by 15,012.3% during the first quarter. GAMMA Investing LLC now owns 4,755,096 shares of the enterprise software provider’s stock valued at $664,810,000 after buying an additional 4,723,631 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Oracle by 20.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,825,360 shares of the enterprise software provider’s stock valued at $2,303,858,000 after acquiring an additional 2,350,448 shares during the period. Finally, Vanguard Group Inc. increased its stake in Oracle by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider’s stock valued at $26,231,127,000 after acquiring an additional 2,296,069 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Price Performance

Shares of ORCL stock opened at $215.54 on Friday. Oracle Co. has a 52-week low of $118.86 and a 52-week high of $216.60. The stock has a market cap of $602.86 billion, a PE ratio of 52.70, a PEG ratio of 3.46 and a beta of 1.32. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The firm’s 50 day moving average price is $152.88 and its two-hundred day moving average price is $160.46.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.06. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm had revenue of $15.90 billion for the quarter, compared to analysts’ expectations of $15.58 billion. During the same period last year, the firm earned $1.63 earnings per share. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. As a group, analysts forecast that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a yield of 0.93%. Oracle’s payout ratio is presently 46.08%.

Analysts Set New Price Targets

A number of research firms recently weighed in on ORCL. CIBC reissued a “buy” rating on shares of Oracle in a research note on Monday, June 9th. JPMorgan Chase & Co. upped their target price on shares of Oracle from $135.00 to $185.00 and gave the company a “neutral” rating in a research note on Thursday. Mizuho lowered their target price on shares of Oracle from $210.00 to $180.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 15th. JMP Securities upped their target price on shares of Oracle from $205.00 to $240.00 and gave the company a “market outperform” rating in a research note on Thursday. Finally, Barclays upped their target price on shares of Oracle from $202.00 to $221.00 and gave the company an “overweight” rating in a research note on Friday. Twelve equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and an average price target of $194.32.

Insider Buying and Selling at Oracle

In other Oracle news, Vice Chairman Jeffrey Henley sold 400,000 shares of the stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $190.42, for a total value of $76,168,000.00. Following the sale, the insider now directly owns 1,097,576 shares in the company, valued at approximately $209,000,421.92. This trade represents a 26.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Leon E. Panetta sold 5,000 shares of the stock in a transaction on Friday, April 11th. The stock was sold at an average price of $129.77, for a total transaction of $648,850.00. Following the completion of the sale, the director now owns 58,090 shares in the company, valued at approximately $7,538,339.30. This trade represents a 7.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 427,366 shares of company stock valued at $80,183,723. 42.20% of the stock is currently owned by 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.