AIMZ Investment Advisors LLC Reduces Position in Oracle Co. (NYSE:ORCL)

AIMZ Investment Advisors LLC trimmed its position in Oracle Co. (NYSE:ORCL) by 1.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,859 shares of the enterprise software provider’s stock after selling 300 shares during the quarter. AIMZ Investment Advisors LLC’s holdings in Oracle were worth $863,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. First National Bank of South Miami increased its stake in Oracle by 104.6% in the fourth quarter. First National Bank of South Miami now owns 489 shares of the enterprise software provider’s stock valued at $26,000 after purchasing an additional 250 shares during the last quarter. Lloyd Advisory Services LLC. purchased a new stake in Oracle in the fourth quarter valued at $26,000. Samalin Investment Counsel LLC acquired a new position in Oracle in the fourth quarter valued at $27,000. Solstein Capital LLC acquired a new stake in shares of Oracle in the 4th quarter worth $33,000. Finally, ERTS Wealth Advisors LLC purchased a new stake in shares of Oracle in the fourth quarter valued at about $36,000. 48.14% of the stock is owned by institutional investors and hedge funds.

In related news, Director Charles W. Moorman bought 20,000 shares of the company’s stock in a transaction that occurred on Thursday, March 26th. The shares were acquired at an average cost of $48.59 per share, for a total transaction of $971,800.00. Following the acquisition, the director now owns 38,561 shares in the company, valued at approximately $1,873,678.99. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Charles W. Moorman purchased 10,000 shares of Oracle stock in a transaction that occurred on Monday, March 23rd. The shares were bought at an average cost of $45.23 per share, for a total transaction of $452,300.00. Following the completion of the transaction, the director now directly owns 18,561 shares in the company, valued at approximately $839,514.03. The disclosure for this purchase can be found here. Insiders own 36.60% of the company’s stock.

A number of equities research analysts recently commented on the stock. Morgan Stanley reduced their price objective on shares of Oracle from $63.00 to $53.00 and set an “equal weight” rating for the company in a research report on Monday, March 16th. BNP Paribas downgraded Oracle from an “outperform” rating to a “neutral” rating and set a $56.00 target price for the company. in a research note on Monday. Credit Suisse Group set a $57.00 price target on Oracle and gave the company a “buy” rating in a research note on Friday, May 15th. Wells Fargo & Co cut their price objective on Oracle from $65.00 to $55.00 and set an “overweight” rating for the company in a research report on Friday, March 13th. Finally, Sanford C. Bernstein reissued a “buy” rating and set a $58.00 price target on shares of Oracle in a research note on Friday, March 13th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $53.62.

ORCL stock traded down $0.62 during trading on Monday, reaching $53.15. 2,090,323 shares of the stock traded hands, compared to its average volume of 10,258,350. The firm has a market capitalization of $169.57 billion, a PE ratio of 16.91, a P/E/G ratio of 1.41 and a beta of 0.89. The company has a debt-to-equity ratio of 3.31, a current ratio of 2.12 and a quick ratio of 2.12. The business’s 50 day moving average price is $52.93 and its 200-day moving average price is $52.91. Oracle Co. has a 52-week low of $39.71 and a 52-week high of $60.50.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Thursday, March 12th. The enterprise software provider reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.01. Oracle had a return on equity of 64.68% and a net margin of 27.06%. The business had revenue of $9.80 billion for the quarter, compared to analyst estimates of $9.75 billion. During the same period in the previous year, the company posted $0.87 EPS. The company’s revenue was up 1.9% compared to the same quarter last year. On average, equities research analysts predict that Oracle Co. will post 3.46 earnings per share for the current year.

Oracle announced that its board has initiated a share repurchase plan on Thursday, March 12th that permits the company to buyback $15.00 billion in outstanding shares. This buyback authorization permits the enterprise software provider to reacquire up to 9.8% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

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.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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