Oracle Co. (NYSE:ORCL) Shares Sold by South Dakota Investment Council

South Dakota Investment Council reduced its stake in Oracle Co. (NYSE:ORCLGet Rating) by 35.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 193,317 shares of the enterprise software provider’s stock after selling 104,400 shares during the quarter. South Dakota Investment Council’s holdings in Oracle were worth $16,859,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of ORCL. Bellwether Advisors LLC boosted its position in shares of Oracle by 115.6% during the third quarter. Bellwether Advisors LLC now owns 291 shares of the enterprise software provider’s stock worth $25,000 after buying an additional 156 shares during the period. NewSquare Capital LLC boosted its position in shares of Oracle by 183.5% during the third quarter. NewSquare Capital LLC now owns 309 shares of the enterprise software provider’s stock worth $27,000 after buying an additional 200 shares during the period. Level Financial Advisors Inc. acquired a new position in shares of Oracle during the fourth quarter worth approximately $28,000. Outfitter Financial LLC acquired a new position in shares of Oracle during the fourth quarter worth approximately $43,000. Finally, PSI Advisors LLC acquired a new position in shares of Oracle during the third quarter worth approximately $44,000. Institutional investors own 42.33% of the company’s stock.

NYSE:ORCL traded down $2.74 during trading hours on Friday, hitting $73.40. 7,946,947 shares of the stock traded hands, compared to its average volume of 6,329,109. The firm has a 50 day moving average price of $78.89 and a 200 day moving average price of $85.96. Oracle Co. has a fifty-two week low of $70.23 and a fifty-two week high of $106.34. The firm has a market cap of $195.84 billion, a price-to-earnings ratio of 28.12, a PEG ratio of 2.33 and a beta of 0.84.

Oracle (NYSE:ORCLGet Rating) last announced its earnings results on Thursday, March 10th. The enterprise software provider reported $1.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.18 by ($0.05). Oracle had a net margin of 18.08% and a negative return on equity of 383.80%. The firm had revenue of $10.51 billion for the quarter, compared to analyst estimates of $10.51 billion. During the same period last year, the firm earned $1.03 earnings per share. Oracle’s revenue for the quarter was up 4.2% compared to the same quarter last year. Equities analysts anticipate that Oracle Co. will post 4.01 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, April 21st. Stockholders of record on Friday, April 8th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend was Thursday, April 7th. Oracle’s dividend payout ratio is currently 49.04%.

In other news, Director Renee Jo James sold 6,000 shares of the business’s stock in a transaction on Monday, April 4th. The shares were sold at an average price of $84.11, for a total transaction of $504,660.00. Following the transaction, the director now directly owns 41,886 shares in the company, valued at approximately $3,523,031.46. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 39.10% of the company’s stock.

Several brokerages have recently issued reports on ORCL. Daiwa Capital Markets began coverage on Oracle in a research report on Friday, April 1st. They set a “neutral” rating and a $87.00 price objective for the company. BNP Paribas cut Oracle from a “neutral” rating to an “underperform” rating and set a $79.00 target price on the stock. in a report on Tuesday, March 29th. Credit Suisse Group set a $115.00 target price on Oracle in a report on Friday, March 11th. Deutsche Bank Aktiengesellschaft set a $110.00 target price on Oracle in a report on Wednesday, March 9th. Finally, Stifel Nicolaus dropped their target price on Oracle from $87.00 to $83.00 in a report on Friday, March 11th. Three equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $93.09.

Oracle Company Profile (Get Rating)

Oracle Corporation provides products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Fusion cloud advertising and customer experience, and NetSuite applications suite.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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