Fishman Jay A Ltd. MI Lowers Stock Position in Oracle Co. (NYSE:ORCL)

Fishman Jay A Ltd. MI lessened its holdings in Oracle Co. (NYSE:ORCL) by 2.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 104,571 shares of the enterprise software provider’s stock after selling 2,500 shares during the period. Oracle comprises 1.1% of Fishman Jay A Ltd. MI’s holdings, making the stock its 22nd biggest position. Fishman Jay A Ltd. MI’s holdings in Oracle were worth $5,755,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Associated Banc Corp lifted its position in Oracle by 8.7% during the second quarter. Associated Banc Corp now owns 18,697 shares of the enterprise software provider’s stock valued at $1,065,000 after acquiring an additional 1,502 shares during the last quarter. BSW Wealth Partners acquired a new position in Oracle during the 2nd quarter valued at approximately $297,000. Coastal Investment Advisors Inc. increased its stake in Oracle by 22.8% during the 2nd quarter. Coastal Investment Advisors Inc. now owns 2,575 shares of the enterprise software provider’s stock valued at $148,000 after purchasing an additional 478 shares in the last quarter. Brightworth increased its stake in Oracle by 6.0% during the 2nd quarter. Brightworth now owns 4,979 shares of the enterprise software provider’s stock valued at $284,000 after purchasing an additional 284 shares in the last quarter. Finally, Oppenheimer & Co. Inc. increased its stake in Oracle by 3.9% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 55,677 shares of the enterprise software provider’s stock valued at $3,172,000 after purchasing an additional 2,091 shares in the last quarter. 53.90% of the stock is owned by hedge funds and other institutional investors.

In other Oracle news, CEO Mark V. Hurd sold 787,500 shares of Oracle stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $51.80, for a total transaction of $40,792,500.00. Following the transaction, the chief executive officer now directly owns 1,038,755 shares of the company’s stock, valued at $53,807,509. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Hector Garcia-Molina sold 4,643 shares of Oracle stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $56.59, for a total transaction of $262,747.37. Following the transaction, the director now directly owns 38,562 shares in the company, valued at $2,182,223.58. The disclosure for this sale can be found here. Insiders have sold 849,786 shares of company stock worth $44,213,156 over the last ninety days. 36.60% of the stock is owned by insiders.

A number of brokerages have issued reports on ORCL. Cowen began coverage on shares of Oracle in a research note on Friday, August 16th. They set a “buy” rating and a $65.00 price target on the stock. UBS Group set a $57.00 price objective on shares of Oracle and gave the stock a “neutral” rating in a research note on Thursday, September 12th. BMO Capital Markets increased their price objective on shares of Oracle from $60.00 to $62.00 and gave the stock a “market perform” rating in a research note on Friday, September 27th. They noted that the move was a valuation call. Monness Crespi & Hardt reiterated a “hold” rating on shares of Oracle in a research note on Tuesday, September 10th. Finally, Credit Suisse Group set a $62.00 price objective on shares of Oracle and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Four equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $56.80.

ORCL traded up $0.51 during midday trading on Friday, hitting $56.49. 5,708,292 shares of the company traded hands, compared to its average volume of 9,699,096. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 2.67. The company has a market capitalization of $182.74 billion, a price-to-earnings ratio of 17.88, a PEG ratio of 1.65 and a beta of 1.16. Oracle Co. has a 52-week low of $42.40 and a 52-week high of $60.50. The business has a 50 day simple moving average of $54.79 and a two-hundred day simple moving average of $54.81.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Wednesday, September 11th. The enterprise software provider reported $0.81 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.09. The firm had revenue of $9.22 billion for the quarter, compared to the consensus estimate of $9.29 billion. Oracle had a net margin of 27.71% and a return on equity of 48.85%. The company’s revenue for the quarter was up .2% on a year-over-year basis. During the same period last year, the firm posted $0.71 earnings per share. Equities research analysts anticipate that Oracle Co. will post 3.47 earnings per share for the current year.

Oracle announced that its Board of Directors has authorized a share repurchase plan on Wednesday, September 11th that authorizes the company to buyback $15.00 billion in shares. This buyback authorization authorizes the enterprise software provider to repurchase up to 8.4% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.70%. The ex-dividend date was Wednesday, October 9th. Oracle’s dividend payout ratio is currently 30.38%.

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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