Leisure Capital Management Lowers Stake in Oracle Co. (NYSE:ORCL)

Leisure Capital Management lowered its stake in shares of Oracle Co. (NYSE:ORCL) by 4.3% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 6,506 shares of the enterprise software provider’s stock after selling 292 shares during the period. Leisure Capital Management’s holdings in Oracle were worth $388,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ORCL. Vanguard Group Inc. boosted its position in shares of Oracle by 9.1% during the 2nd quarter. Vanguard Group Inc. now owns 189,431,168 shares of the enterprise software provider’s stock worth $10,469,860,000 after purchasing an additional 15,843,802 shares during the period. Nordea Investment Management AB boosted its position in shares of 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 period. DNB Asset Management AS boosted its position in shares of Oracle by 49.1% during the 3rd quarter. DNB Asset Management AS now owns 7,508,528 shares of the enterprise software provider’s stock worth $448,259,000 after purchasing an additional 2,473,703 shares during the period. Point72 Asset Management L.P. purchased a new position in Oracle in the 2nd quarter valued at approximately $128,125,000. Finally, LSV Asset Management boosted its position in Oracle by 17.2% in the 2nd quarter. LSV Asset Management now owns 11,498,824 shares of the enterprise software provider’s stock valued at $635,539,000 after buying an additional 1,687,199 shares during the period. 48.24% of the stock is owned by hedge funds and other institutional investors.

In other Oracle news, CAO W Corey West sold 5,359 shares of the firm’s stock in a transaction on Friday, September 11th. The shares were sold at an average price of $61.20, for a total transaction of $327,970.80. Following the transaction, the chief accounting officer now directly owns 115,006 shares of the company’s stock, valued at approximately $7,038,367.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Dorian Daley sold 112,500 shares of the firm’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $60.95, for a total transaction of $6,856,875.00. Following 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 have sold a total of 129,673 shares of company stock worth $7,906,167 over the last three months. 39.10% of the stock is currently owned by insiders.

NYSE:ORCL traded down $2.71 during midday trading on Monday, hitting $57.19. 986,153 shares of the company were exchanged, compared to its average volume of 13,358,596. The company has a fifty day simple moving average of $59.25 and a 200 day simple moving average of $55.56. Oracle Co. has a fifty-two week low of $39.71 and a fifty-two week high of $62.60. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 6.68. The company has a market capitalization of $180.35 billion, a PE ratio of 18.18, a price-to-earnings-growth ratio of 1.76 and a beta of 0.79.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Thursday, September 10th. The enterprise software provider reported $0.93 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.07. Oracle had a net margin of 26.13% and a return on equity of 85.71%. The firm had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.15 billion. During the same period last year, the business earned $0.81 EPS. As a group, equities research analysts expect that Oracle Co. will post 3.77 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, October 22nd. Investors of record on Thursday, October 8th were paid a dividend of $0.24 per share. The ex-dividend date was Wednesday, October 7th. This represents a $0.96 annualized dividend and a yield of 1.68%. Oracle’s dividend payout ratio is currently 27.75%.

Several equities analysts have commented on the stock. Credit Suisse Group raised their price target on shares of Oracle from $62.00 to $66.00 and gave the company an “outperform” rating in a research report on Friday, September 11th. BNP Paribas raised shares of Oracle to a “buy” rating and set a $64.00 price target for the company in a research report on Thursday, September 24th. Bank of America raised their price target on shares of Oracle from $60.00 to $65.00 and gave the company a “neutral” rating in a research report on Friday, September 11th. Royal Bank of Canada raised shares of Oracle from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $60.00 to $68.00 in a research report on Monday, September 21st. Finally, Societe Generale raised their price target on shares of Oracle from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, September 11th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and eleven have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $60.68.

Oracle Profile

Oracle Corporation provides products and services that address enterprise information technology environments worldwide. The company's cloud and license business engages in the sale, marketing, and delivery of its applications and infrastructure technologies through cloud and on-premise deployment models, including cloud services and license support; and cloud license and on-premise license.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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