Fairhaven Wealth Management LLC Sells 541 Shares of Oracle Co. (ORCL)

Fairhaven Wealth Management LLC lessened its holdings in Oracle Co. (NYSE:ORCL) by 3.4% during the 1st quarter, HoldingsChannel reports. The firm owned 15,273 shares of the enterprise software provider’s stock after selling 541 shares during the quarter. Oracle comprises 0.8% of Fairhaven Wealth Management LLC’s investment portfolio, making the stock its 20th biggest holding. Fairhaven Wealth Management LLC’s holdings in Oracle were worth $820,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in ORCL. Norges Bank purchased a new stake in shares of Oracle in the fourth quarter valued at about $1,235,719,000. Oregon Public Employees Retirement Fund lifted its stake in shares of Oracle by 4,197.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 13,616,969 shares of the enterprise software provider’s stock valued at $302,000 after buying an additional 13,300,077 shares during the period. Los Angeles Capital Management & Equity Research Inc. lifted its stake in shares of Oracle by 573.1% during the fourth quarter. Los Angeles Capital Management & Equity Research Inc. now owns 3,036,352 shares of the enterprise software provider’s stock valued at $137,091,000 after buying an additional 2,585,272 shares during the period. MERIAN GLOBAL INVESTORS UK Ltd purchased a new position in shares of Oracle during the fourth quarter valued at approximately $59,049,000. Finally, Mn Services Vermogensbeheer B.V. lifted its stake in shares of Oracle by 243.5% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 1,687,444 shares of the enterprise software provider’s stock valued at $66,648,000 after buying an additional 1,196,233 shares during the period. 47.34% of the stock is currently owned by institutional investors.

In other news, 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 owns 1,664,227 shares of the company’s stock, valued at $89,585,339.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Dorian Daley sold 125,000 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $52.84, for a total transaction of $6,605,000.00. The disclosure for this sale can be found here. Insiders sold 2,473,750 shares of company stock valued at $133,872,063 in the last three months. Company insiders own 32.00% of the company’s stock.



ORCL has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of Oracle from a “hold” rating to a “sell” rating in a research note on Wednesday, March 6th. Mitsubishi UFJ Financial Group upped their price objective on shares of Oracle from $55.00 to $56.00 and gave the company an “overweight” rating in a research note on Friday, March 15th. Morgan Stanley downgraded shares of Oracle from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $57.00 to $53.00 in a research note on Tuesday, January 15th. BNP Paribas initiated coverage on shares of Oracle in a research note on Friday, March 29th. They set a “neutral” rating and a $50.00 price objective on the stock. Finally, Goldman Sachs Group reissued a “buy” rating and set a $55.00 price objective on shares of Oracle in a research note on Thursday, February 14th. Three analysts have rated the stock with a sell rating, nineteen have given a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $52.53.

Shares of ORCL stock opened at $53.43 on Tuesday. Oracle Co. has a one year low of $42.40 and a one year high of $55.53. The company has a quick ratio of 2.65, a current ratio of 2.65 and a debt-to-equity ratio of 2.13. The company has a market cap of $224.57 billion, a P/E ratio of 18.95, a P/E/G ratio of 1.80 and a beta of 1.08.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Thursday, March 14th. The enterprise software provider reported $0.78 EPS for the quarter, topping the consensus estimate of $0.76 by $0.02. Oracle had a net margin of 27.14% and a return on equity of 34.03%. The firm had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.59 billion. During the same quarter in the prior year, the business posted $0.83 earnings per share. Oracle’s revenue for the quarter was down .7% compared to the same quarter last year. Research analysts anticipate that Oracle Co. will post 3.08 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 25th. Stockholders of record on Thursday, April 11th were given a $0.24 dividend. The ex-dividend date was Wednesday, April 10th. This represents a $0.96 annualized dividend and a dividend yield of 1.80%. This is a positive change from Oracle’s previous quarterly dividend of $0.19. Oracle’s dividend payout ratio is presently 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.

Further Reading: Blockchain

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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