Chartwell Investment Partners LLC Sells 977 Shares of Oracle Co. (NYSE:ORCL)

Chartwell Investment Partners LLC trimmed its stake in shares of Oracle Co. (NYSE:ORCL) by 0.9% during the second quarter, HoldingsChannel.com reports. The firm owned 108,848 shares of the enterprise software provider’s stock after selling 977 shares during the quarter. Chartwell Investment Partners LLC’s holdings in Oracle were worth $6,016,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Bank of New York Mellon Corp grew its position in shares of Oracle by 0.7% during the 1st quarter. Bank of New York Mellon Corp now owns 34,159,820 shares of the enterprise software provider’s stock valued at $1,650,944,000 after purchasing an additional 237,469 shares in the last quarter. Franklin Resources Inc. increased its stake in Oracle by 3.7% in the 1st quarter. Franklin Resources Inc. now owns 24,849,265 shares of the enterprise software provider’s stock worth $1,200,989,000 after acquiring an additional 886,375 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Oracle by 7.4% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 21,344,720 shares of the enterprise software provider’s stock valued at $1,031,591,000 after acquiring an additional 1,466,231 shares in the last quarter. Fiera Capital Corp boosted its position in shares of Oracle by 4.2% during the 1st quarter. Fiera Capital Corp now owns 12,237,889 shares of the enterprise software provider’s stock valued at $591,457,000 after acquiring an additional 493,507 shares during the last quarter. Finally, California Public Employees Retirement System grew its holdings in shares of Oracle by 39.8% during the first quarter. California Public Employees Retirement System now owns 10,076,245 shares of the enterprise software provider’s stock worth $486,985,000 after purchasing an additional 2,868,396 shares in the last quarter. 48.10% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE ORCL opened at $55.45 on Friday. The firm’s fifty day moving average is $55.15 and its 200 day moving average is $52.88. Oracle Co. has a 52 week low of $39.71 and a 52 week high of $57.88. The company has a quick ratio of 3.03, a current ratio of 3.03 and a debt-to-equity ratio of 5.44. The company has a market cap of $170.16 billion, a price-to-earnings ratio of 17.89, a PEG ratio of 1.40 and a beta of 0.87.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Tuesday, June 16th. The enterprise software provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.12. The business had revenue of $10.44 billion for the quarter, compared to analyst estimates of $10.72 billion. Oracle had a net margin of 25.94% and a return on equity of 72.76%. The company’s revenue was down 6.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.16 EPS. Equities research analysts anticipate that Oracle Co. will post 3.59 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 28th. Shareholders of record on Wednesday, July 15th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date was Tuesday, July 14th. Oracle’s payout ratio is 27.75%.

In related news, Chairman Lawrence Joseph Ellison sold 1,000,000 shares of Oracle stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $55.25, for a total value of $55,250,000.00. Following the sale, the chairman now owns 1,140,132,353 shares in the company, valued at $62,992,312,503.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Edward Screven sold 700,000 shares of the business’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $54.14, for a total transaction of $37,898,000.00. Following the transaction, the insider now directly owns 3,001,419 shares in the company, valued at $162,496,824.66. The disclosure for this sale can be found here. Insiders have sold a total of 7,300,000 shares of company stock valued at $396,376,000 in the last ninety days. 36.60% of the stock is currently owned by corporate insiders.

Several brokerages have issued reports on ORCL. JPMorgan Chase & Co. lifted their target price on shares of Oracle from $55.00 to $57.00 and gave the company a “buy” rating in a research report on Wednesday, June 17th. Argus cut shares of Oracle from a “buy” rating to a “hold” rating in a research report on Friday, June 19th. Stifel Nicolaus upped their target price on shares of Oracle from $44.00 to $48.00 and gave the stock a “hold” rating in a research report on Wednesday, June 17th. Goldman Sachs Group increased their target price on Oracle from $58.00 to $61.00 and gave the company a “conviction-buy” rating in a research note on Wednesday, June 24th. They noted that the move was a valuation call. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Oracle in a research note on Thursday, July 9th. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $55.34.

Oracle Company 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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