Triangle Securities Wealth Management Lowers Stock Holdings in Oracle Co. (NYSE:ORCL)

Triangle Securities Wealth Management reduced its stake in Oracle Co. (NYSE:ORCLGet Rating) by 4.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 23,108 shares of the enterprise software provider’s stock after selling 996 shares during the quarter. Triangle Securities Wealth Management’s holdings in Oracle were worth $1,912,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in ORCL. BlackRock Inc. grew its holdings in shares of Oracle by 1.6% in the 4th quarter. BlackRock Inc. now owns 119,247,252 shares of the enterprise software provider’s stock worth $10,399,550,000 after acquiring an additional 1,886,260 shares during the period. Fisher Asset Management LLC grew its holdings in shares of Oracle by 4.5% in the 4th quarter. Fisher Asset Management LLC now owns 16,001,088 shares of the enterprise software provider’s stock worth $1,395,455,000 after acquiring an additional 683,095 shares during the period. Norges Bank acquired a new stake in Oracle during the 4th quarter valued at $947,274,000. Nuveen Asset Management LLC grew its holdings in Oracle by 2.8% during the 4th quarter. Nuveen Asset Management LLC now owns 8,439,304 shares of the enterprise software provider’s stock valued at $735,992,000 after buying an additional 226,177 shares during the last quarter. Finally, Nordea Investment Management AB grew its holdings in Oracle by 44.3% during the 1st quarter. Nordea Investment Management AB now owns 6,366,409 shares of the enterprise software provider’s stock valued at $531,468,000 after buying an additional 1,953,713 shares during the last quarter. Institutional investors own 42.33% of the company’s stock.

ORCL has been the topic of several analyst reports. Credit Suisse Group set a $115.00 price target on shares of Oracle in a research note on Tuesday, June 14th. Deutsche Bank Aktiengesellschaft set a $110.00 price target on shares of Oracle in a research note on Wednesday, March 9th. Societe Generale raised shares of Oracle from a “hold” rating to a “buy” rating in a research note on Friday, March 11th. Deutsche Bank Rese… set a $110.00 price target on shares of Oracle in a research note on Monday. Finally, StockNews.com began coverage on shares of Oracle in a research report on Thursday, March 31st. They issued a “buy” rating on the stock. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $90.13.

In related news, Director Renee Jo James sold 6,000 shares of Oracle stock in a transaction dated Monday, April 4th. The shares were sold at an average price of $84.11, for a total value of $504,660.00. Following the sale, the director now directly owns 41,886 shares in the company, valued at approximately $3,523,031.46. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Safra Catz sold 1,000,000 shares of Oracle stock in a transaction dated Wednesday, June 22nd. The shares were sold at an average price of $66.87, for a total transaction of $66,870,000.00. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at $74,800,247.04. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,006,000 shares of company stock worth $135,454,660. Insiders own 39.10% of the company’s stock.

Oracle stock opened at $66.53 on Thursday. The firm’s 50-day moving average is $72.19 and its 200-day moving average is $79.62. Oracle Co. has a 1 year low of $63.76 and a 1 year high of $106.34. The company has a market cap of $177.51 billion, a P/E ratio of 27.72, a PEG ratio of 1.91 and a beta of 0.87.

Oracle (NYSE:ORCLGet Rating) last posted its quarterly earnings results on Monday, June 13th. The enterprise software provider reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.17. Oracle had a net margin of 15.83% and a negative return on equity of 193.58%. The company had revenue of $11.84 billion for the quarter, compared to the consensus estimate of $11.65 billion. During the same period last year, the firm posted $1.40 EPS. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, equities analysts expect that Oracle Co. will post 4.43 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 26th. Stockholders of record on Tuesday, July 12th will be given a $0.32 dividend. The ex-dividend date of this dividend is Monday, July 11th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.92%. Oracle’s payout ratio is currently 53.33%.

Oracle Company Profile (Get Rating)

Oracle Corporation provides 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 Fusion cloud advertising and customer experience, and NetSuite applications suite.

See Also

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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