Bennicas & Associates Inc. Has $561,000 Stock Holdings in Oracle Co. (NYSE:ORCL)

Bennicas & Associates Inc. lessened its position in shares of Oracle Co. (NYSE:ORCL) by 2.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,400 shares of the enterprise software provider’s stock after selling 200 shares during the quarter. Bennicas & Associates Inc.’s holdings in Oracle were worth $561,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Oracle by 9.1% during the second quarter. Vanguard Group Inc. now owns 189,431,168 shares of the enterprise software provider’s stock worth $10,469,860,000 after buying an additional 15,843,802 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Oracle by 2.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 34,865,028 shares of the enterprise software provider’s stock worth $1,926,989,000 after purchasing an additional 705,208 shares during the last quarter. Nordea Investment Management AB lifted its holdings in Oracle by 109.0% during the 2nd quarter. Nordea Investment Management AB now owns 29,962,944 shares of the enterprise software provider’s stock worth $1,650,358,000 after purchasing an additional 15,627,102 shares during the last quarter. LSV Asset Management lifted its holdings in Oracle by 17.2% during the 2nd quarter. LSV Asset Management now owns 11,498,824 shares of the enterprise software provider’s stock worth $635,539,000 after purchasing an additional 1,687,199 shares during the last quarter. Finally, California Public Employees Retirement System lifted its holdings in Oracle by 3.8% during the 2nd quarter. California Public Employees Retirement System now owns 10,454,925 shares of the enterprise software provider’s stock worth $577,844,000 after purchasing an additional 378,680 shares during the last quarter. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently weighed in on the company. Morgan Stanley lifted their price target on Oracle from $58.00 to $62.00 and gave the stock an “equal weight” rating in a report on Friday, September 11th. Societe Generale lifted their price target on Oracle from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, September 11th. Stifel Nicolaus lifted their price target on Oracle from $48.00 to $56.00 and gave the stock a “hold” rating in a report on Friday, September 11th. Jefferies Financial Group lifted their price objective on Oracle from $55.00 to $65.00 and gave the company a “hold” rating in a report on Friday, September 11th. Finally, Wells Fargo & Company lifted their price objective on Oracle from $62.50 to $68.75 and gave the company an “overweight” rating in a report on Friday, September 11th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and eleven have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $60.25.

Shares of ORCL stock opened at $60.29 on Friday. The firm has a market capitalization of $181.53 billion, a P/E ratio of 18.90, a P/E/G ratio of 1.44 and a beta of 0.83. Oracle Co. has a twelve month low of $39.71 and a twelve month high of $62.60. The company has a quick ratio of 3.03, a current ratio of 2.66 and a debt-to-equity ratio of 6.68. The stock’s fifty day simple moving average is $58.95 and its 200 day simple moving average is $55.19.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Thursday, September 10th. The enterprise software provider reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.07. Oracle had a return on equity of 85.71% and a net margin of 26.13%. The firm had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.15 billion. During the same quarter in the previous year, the company posted $0.81 EPS. As a group, equities research analysts expect that Oracle Co. will post 3.59 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 22nd. Shareholders of record on Thursday, October 8th will be given a $0.24 dividend. The ex-dividend date is Wednesday, October 7th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.59%. Oracle’s dividend payout ratio (DPR) is presently 27.75%.

In other Oracle news, CAO W Corey West sold 5,359 shares of the company’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $61.20, for a total value of $327,970.80. Following the sale, the chief accounting officer now owns 115,006 shares in the company, valued at approximately $7,038,367.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Dorian Daley sold 112,500 shares of the business’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $60.95, for a total value of $6,856,875.00. Following the completion of the transaction, the executive vice president now directly owns 112,500 shares in the company, valued at $6,856,875. The disclosure for this sale can be found here. Insiders sold a total of 129,673 shares of company stock worth $7,906,167 in the last quarter. Corporate insiders own 36.60% of the company’s stock.

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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