Oracle Corporation (ORCL) Holdings Reduced by Essex Financial Services Inc.

Essex Financial Services Inc. cut its position in Oracle Corporation (NYSE:ORCL) by 22.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,725 shares of the enterprise software provider’s stock after selling 3,157 shares during the period. Essex Financial Services Inc.’s holdings in Oracle Corporation were worth $538,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Macquarie Group Ltd. lifted its position in shares of Oracle Corporation by 6,353.4% during the first quarter. Macquarie Group Ltd. now owns 18,640,774 shares of the enterprise software provider’s stock worth $831,551,000 after purchasing an additional 18,351,920 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in shares of Oracle Corporation by 376.6% during the second quarter. Canada Pension Plan Investment Board now owns 4,053,015 shares of the enterprise software provider’s stock worth $203,218,000 after purchasing an additional 3,202,664 shares in the last quarter. Boston Partners lifted its position in shares of Oracle Corporation by 20.1% during the first quarter. Boston Partners now owns 18,234,179 shares of the enterprise software provider’s stock worth $813,427,000 after purchasing an additional 3,054,765 shares in the last quarter. Swiss National Bank lifted its position in shares of Oracle Corporation by 26.2% during the first quarter. Swiss National Bank now owns 11,137,928 shares of the enterprise software provider’s stock worth $496,863,000 after purchasing an additional 2,309,400 shares in the last quarter. Finally, Marathon Asset Management LLP lifted its position in shares of Oracle Corporation by 70.7% during the second quarter. Marathon Asset Management LLP now owns 4,398,780 shares of the enterprise software provider’s stock worth $220,555,000 after purchasing an additional 1,821,601 shares in the last quarter. Hedge funds and other institutional investors own 58.10% of the company’s stock.

In related news, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $48.70, for a total transaction of $182,625.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Dorian Daley sold 23,297 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $49.00, for a total transaction of $1,141,553.00. Following the transaction, the executive vice president now directly owns 54,274 shares in the company, valued at $2,659,426. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 305,776 shares of company stock worth $14,822,112. 29.00% of the stock is owned by insiders.

A number of equities research analysts recently weighed in on ORCL shares. Wedbush reissued an “outperform” rating and set a $58.00 price target on shares of Oracle Corporation in a research note on Friday, September 15th. UBS AG reissued a “buy” rating and set a $57.00 price target (up from $52.00) on shares of Oracle Corporation in a research note on Friday, September 15th. J P Morgan Chase & Co set a $55.00 price target on shares of Oracle Corporation and gave the stock a “buy” rating in a research note on Friday, September 15th. Zacks Investment Research downgraded shares of Oracle Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 15th. Finally, Jefferies Group LLC boosted their price target on shares of Oracle Corporation from $60.00 to $61.00 and gave the stock a “buy” rating in a research note on Friday, September 15th. Twelve investment analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company. Oracle Corporation presently has an average rating of “Buy” and a consensus target price of $55.05.

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Shares of Oracle Corporation (ORCL) opened at $49.32 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.61 and a current ratio of 3.63. The stock has a market cap of $205,502.45, a PE ratio of 19.31, a PEG ratio of 1.87 and a beta of 1.07. Oracle Corporation has a 12 month low of $37.64 and a 12 month high of $53.14.

Oracle Corporation (NYSE:ORCL) last released its quarterly earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. Oracle Corporation had a net margin of 25.34% and a return on equity of 20.55%. The business had revenue of $9.21 billion for the quarter, compared to analyst estimates of $9.03 billion. During the same period last year, the firm earned $0.55 earnings per share. Oracle Corporation’s revenue for the quarter was up 7.0% compared to the same quarter last year. research analysts forecast that Oracle Corporation will post 2.68 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 25th. Investors of record on Wednesday, October 11th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date was Tuesday, October 10th. Oracle Corporation’s dividend payout ratio is 33.19%.

Oracle Corporation Profile

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 Corporation (NYSE:ORCL)

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