Academy Capital Management Inc. TX Sells 13,675 Shares of Oracle Co. (NYSE:ORCL)

Academy Capital Management Inc. TX decreased its holdings in Oracle Co. (NYSE:ORCL) by 3.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 351,188 shares of the enterprise software provider’s stock after selling 13,675 shares during the quarter. Oracle accounts for approximately 4.4% of Academy Capital Management Inc. TX’s holdings, making the stock its 6th largest position. Academy Capital Management Inc. TX’s holdings in Oracle were worth $18,862,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Pillar Pacific Capital Management LLC lifted its stake in Oracle by 1.5% in the 4th quarter. Pillar Pacific Capital Management LLC now owns 196,347 shares of the enterprise software provider’s stock worth $8,866,000 after acquiring an additional 2,969 shares in the last quarter. Reilly Financial Advisors LLC increased its position in Oracle by 6.4% in the 4th quarter. Reilly Financial Advisors LLC now owns 44,925 shares of the enterprise software provider’s stock worth $2,028,000 after purchasing an additional 2,683 shares during the last quarter. GWM Advisors LLC increased its position in Oracle by 22.2% in the 4th quarter. GWM Advisors LLC now owns 26,897 shares of the enterprise software provider’s stock worth $1,214,000 after purchasing an additional 4,880 shares during the last quarter. Wambolt & Associates LLC acquired a new position in Oracle in the 4th quarter worth about $287,000. Finally, Country Club Trust Company n.a. increased its position in Oracle by 1.5% in the 4th quarter. Country Club Trust Company n.a. now owns 26,458 shares of the enterprise software provider’s stock worth $1,195,000 after purchasing an additional 395 shares during the last quarter. Institutional investors and hedge funds own 53.10% of the company’s stock.

In other Oracle news, CAO W Corey West sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $56.25, for a total transaction of $2,812,500.00. Following the sale, the chief accounting officer now owns 85,348 shares of the company’s stock, valued at approximately $4,800,825. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Michael J. Boskin sold 75,000 shares of Oracle stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $56.29, for a total transaction of $4,221,750.00. Following the sale, the director now owns 134,796 shares of the company’s stock, valued at $7,587,666.84. The disclosure for this sale can be found here. Insiders sold a total of 1,870,000 shares of company stock valued at $104,437,950 over the last three months. Corporate insiders own 32.00% of the company’s stock.

Shares of ORCL stock traded up $0.20 during trading hours on Friday, hitting $56.97. 42,568,983 shares of the company were exchanged, compared to its average volume of 19,324,844. The company has a debt-to-equity ratio of 2.31, a current ratio of 2.49 and a quick ratio of 2.65. The firm has a market cap of $189.37 billion, a PE ratio of 18.03, a price-to-earnings-growth ratio of 1.65 and a beta of 1.09. The company’s fifty day moving average price is $53.80. Oracle Co. has a 52-week low of $42.40 and a 52-week high of $57.47.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Wednesday, June 19th. The enterprise software provider reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.18. Oracle had a net margin of 28.06% and a return on equity of 40.95%. The company had revenue of $11.14 billion for the quarter, compared to analysts’ expectations of $10.93 billion. During the same quarter in the previous year, the company earned $0.99 earnings per share. Oracle’s quarterly revenue was up 1.1% on a year-over-year basis. Research analysts forecast that Oracle Co. will post 3.5 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.69%. Oracle’s payout ratio is currently 30.38%.

A number of brokerages have recently commented on ORCL. JPMorgan Chase & Co. reissued a “neutral” rating and set a $53.00 price objective on shares of Oracle in a report on Wednesday, March 13th. Exane BNP Paribas started coverage on Oracle in a report on Friday, March 29th. They issued a “neutral” rating and a $50.00 target price on the stock. Zacks Investment Research raised Oracle from a “hold” rating to a “buy” rating and set a $61.00 target price on the stock in a report on Wednesday, May 15th. UBS Group reiterated a “neutral” rating and issued a $54.00 price objective on shares of Oracle in a research report on Friday, June 14th. Finally, Macquarie downgraded Oracle from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $56.00 to $55.00 in a research report on Tuesday, June 18th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $54.58.

Oracle 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.

See Also: Lock-Up Period Expiration

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

Receive News & Ratings for Oracle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle and related companies with MarketBeat.com's FREE daily email newsletter.