Oracle Co. (NYSE:ORCL) Shares Sold by Kessler Investment Group LLC

Kessler Investment Group LLC lowered its holdings in shares of Oracle Co. (NYSE:ORCL) by 2.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,836 shares of the enterprise software provider’s stock after selling 971 shares during the period. Oracle comprises 2.8% of Kessler Investment Group LLC’s portfolio, making the stock its 17th largest holding. Kessler Investment Group LLC’s holdings in Oracle were worth $2,522,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in ORCL. Appleton Partners Inc. MA grew its holdings in Oracle by 2.9% in the second quarter. Appleton Partners Inc. MA now owns 6,170 shares of the enterprise software provider’s stock valued at $351,000 after purchasing an additional 173 shares during the period. Willow Creek Wealth Management Inc. grew its stake in Oracle by 2.1% during the third quarter. Willow Creek Wealth Management Inc. now owns 8,422 shares of the enterprise software provider’s stock worth $463,000 after buying an additional 177 shares during the period. Northern Oak Wealth Management Inc. grew its stake in Oracle by 14.8% during the second quarter. Northern Oak Wealth Management Inc. now owns 1,378 shares of the enterprise software provider’s stock worth $78,000 after buying an additional 178 shares during the period. First Command Financial Services Inc. grew its stake in Oracle by 2.7% during the third quarter. First Command Financial Services Inc. now owns 7,102 shares of the enterprise software provider’s stock worth $391,000 after buying an additional 187 shares during the period. Finally, Slow Capital Inc. grew its stake in Oracle by 1.1% during the second quarter. Slow Capital Inc. now owns 17,403 shares of the enterprise software provider’s stock worth $991,000 after buying an additional 197 shares during the period. Institutional investors own 53.81% of the company’s stock.

In other news, CEO Mark V. Hurd sold 787,500 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $51.80, for a total transaction of $40,792,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,038,755 shares in the company, valued at $53,807,509. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Renee Jo James sold 3,000 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $53.56, for a total value of $160,680.00. Following the transaction, the director now owns 32,886 shares of the company’s stock, valued at $1,761,374.16. The disclosure for this sale can be found here. Insiders have sold 849,786 shares of company stock valued at $44,213,156 over the last 90 days. 36.60% of the stock is owned by corporate insiders.

Several equities research analysts have issued reports on ORCL shares. 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. JPMorgan Chase & Co. set a $56.00 price objective on shares of Oracle and gave the stock a “neutral” rating in a research note on Thursday, September 12th. ValuEngine downgraded shares of Oracle from a “hold” rating to a “sell” rating in a research note on Thursday. Macquarie reiterated a “hold” rating on shares of Oracle in a research note on Thursday, September 12th. Finally, Wedbush reiterated a “neutral” rating and set a $55.00 price objective on shares of Oracle in a research note on Friday, September 13th. Four analysts have rated the stock with a sell rating, eighteen have issued a hold rating and nine have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $56.38.

ORCL traded up $0.56 during trading on Monday, hitting $55.11. The company had a trading volume of 4,750,159 shares, compared to its average volume of 15,824,213. The company has a market cap of $180.74 billion, a PE ratio of 17.44, a P/E/G ratio of 1.63 and a beta of 1.16. The business has a 50-day moving average of $54.07 and a 200-day moving average of $54.74. The company has a debt-to-equity ratio of 2.67, a current ratio of 2.25 and a quick ratio of 2.25. Oracle Co. has a 1-year low of $42.40 and a 1-year high of $60.50.

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

Oracle announced that its board has approved a stock repurchase program on Wednesday, September 11th that allows the company to buyback $15.00 billion in shares. This buyback authorization allows the enterprise software provider to reacquire up to 8.4% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be given a dividend of $0.24 per share. The ex-dividend date is Wednesday, October 9th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.74%. Oracle’s dividend payout ratio (DPR) is 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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