Baxter Bros Inc. Sells 850 Shares of Oracle Co. (ORCL)

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Baxter Bros Inc. cut its stake in Oracle Co. (NYSE:ORCL) by 14.6% during the 1st quarter, Holdings Channel reports. The fund owned 4,981 shares of the enterprise software provider’s stock after selling 850 shares during the period. Baxter Bros Inc.’s holdings in Oracle were worth $268,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in ORCL. Northern Trust Corp boosted its holdings in shares of Oracle by 0.6% during the 4th quarter. Northern Trust Corp now owns 40,340,189 shares of the enterprise software provider’s stock worth $1,821,360,000 after buying an additional 238,058 shares in the last quarter. Magellan Asset Management Ltd boosted its holdings in shares of Oracle by 0.5% during the 4th quarter. Magellan Asset Management Ltd now owns 30,936,949 shares of the enterprise software provider’s stock worth $1,396,803,000 after buying an additional 148,974 shares in the last quarter. Norges Bank bought a new position in shares of Oracle during the 4th quarter worth approximately $1,235,719,000. Nordea Investment Management AB boosted its holdings in shares of Oracle by 4.1% during the 4th quarter. Nordea Investment Management AB now owns 15,877,915 shares of the enterprise software provider’s stock worth $716,891,000 after buying an additional 626,766 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in shares of Oracle by 3.0% during the 4th quarter. Fisher Asset Management LLC now owns 14,543,137 shares of the enterprise software provider’s stock worth $656,623,000 after buying an additional 420,553 shares in the last quarter. Institutional investors and hedge funds own 47.10% of the company’s stock.

A number of equities analysts have issued reports on ORCL shares. Zacks Investment Research cut Oracle from a “hold” rating to a “sell” rating in a report on Wednesday, March 6th. Mitsubishi UFJ Financial Group increased their price target on Oracle from $55.00 to $56.00 and gave the stock an “overweight” rating in a report on Friday, March 15th. BNP Paribas started coverage on Oracle in a report on Friday, March 29th. They set a “neutral” rating and a $50.00 price target on the stock. Standpoint Research cut Oracle from a “buy” rating to a “hold” rating in a report on Tuesday, February 19th. Finally, Goldman Sachs Group restated a “buy” rating and set a $55.00 price target on shares of Oracle in a report on Thursday, February 14th. Three research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $52.87.

In related news, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction on Friday, February 15th. The stock was sold at an average price of $51.51, for a total value of $193,162.50. Following the completion of the sale, the director now directly owns 27,969 shares of the company’s stock, valued at approximately $1,440,683.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Mark V. Hurd sold 1,200,000 shares of the stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $53.83, for a total value of $64,596,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,664,227 shares of the company’s stock, valued at $89,585,339.41. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,473,750 shares of company stock worth $133,872,063. 32.00% of the stock is owned by company insiders.

Shares of ORCL opened at $54.56 on Thursday. Oracle Co. has a 12-month low of $42.40 and a 12-month high of $55.53. The company has a current ratio of 2.65, a quick ratio of 2.65 and a debt-to-equity ratio of 2.13. The firm has a market capitalization of $221.18 billion, a P/E ratio of 19.35, a PEG ratio of 1.77 and a beta of 1.08.

Oracle (NYSE:ORCL) last issued its earnings results on Thursday, March 14th. The enterprise software provider reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.02. Oracle had a return on equity of 34.03% and a net margin of 27.14%. The company had revenue of $9.62 billion for the quarter, compared to analysts’ expectations of $9.59 billion. During the same period last year, the business earned $0.83 EPS. Oracle’s quarterly revenue was down .7% compared to the same quarter last year. As a group, sell-side analysts forecast that Oracle Co. will post 3.08 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Investors of record on Thursday, April 11th were issued a $0.24 dividend. This is a boost from Oracle’s previous quarterly dividend of $0.19. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend was Wednesday, April 10th. Oracle’s dividend payout ratio (DPR) is currently 34.04%.

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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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