Motco Sells 1,125 Shares of Oracle Co. (NYSE:ORCL)

Motco cut its stake in shares of Oracle Co. (NYSE:ORCL) by 1.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 114,784 shares of the enterprise software provider’s stock after selling 1,125 shares during the period. Motco’s holdings in Oracle were worth $6,316,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ORCL. Associated Banc Corp lifted its holdings in Oracle by 8.7% in 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 period. BSW Wealth Partners bought a new position in shares of Oracle in the second quarter worth about $297,000. Coastal Investment Advisors Inc. raised its stake in shares of Oracle by 22.8% in the second quarter. Coastal Investment Advisors Inc. now owns 2,575 shares of the enterprise software provider’s stock worth $148,000 after buying an additional 478 shares during the period. Brightworth raised its stake in shares of Oracle by 6.0% in the second quarter. Brightworth now owns 4,979 shares of the enterprise software provider’s stock worth $284,000 after buying an additional 284 shares during the period. Finally, Oppenheimer & Co. Inc. raised its stake in shares of Oracle by 3.9% in the second quarter. Oppenheimer & Co. Inc. now owns 55,677 shares of the enterprise software provider’s stock worth $3,172,000 after buying an additional 2,091 shares during the period. Institutional investors and hedge funds own 53.90% of the company’s stock.

In other news, CEO Mark V. Hurd sold 787,500 shares of Oracle stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $51.80, for a total value of $40,792,500.00. Following the completion of the transaction, the chief executive officer now owns 1,038,755 shares in the company, valued at approximately $53,807,509. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Hector Garcia-Molina sold 4,643 shares of Oracle stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $56.59, for a total value of $262,747.37. Following the completion of the transaction, the director now owns 38,562 shares of the company’s stock, valued at approximately $2,182,223.58. The disclosure for this sale can be found here. In the last quarter, insiders sold 849,786 shares of company stock valued at $44,213,156. Company insiders own 36.60% of the company’s stock.

NYSE ORCL traded down $0.01 during trading on Monday, hitting $56.48. 222,341 shares of the stock traded hands, compared to its average volume of 9,699,096. The company has a market capitalization of $182.74 billion, a P/E ratio of 17.87, a price-to-earnings-growth ratio of 1.65 and a beta of 1.16. The firm has a 50-day simple moving average of $54.79 and a 200-day simple moving average of $54.81. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 2.67. Oracle Co. has a 12-month low of $42.40 and a 12-month high of $60.50.

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

Oracle announced that its Board of Directors has initiated a share buyback 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 repurchase up to 8.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

The business also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date was Wednesday, October 9th. Oracle’s dividend payout ratio (DPR) is 30.38%.

Several research analysts have recently commented on the company. JPMorgan Chase & Co. set a $56.00 price objective on Oracle and gave the stock a “neutral” rating in a research note on Thursday, September 12th. Barclays reaffirmed a “neutral” rating and issued a $61.00 price objective on shares of Oracle in a research note on Friday, November 1st. Sanford C. Bernstein set a $66.00 price objective on Oracle and gave the stock a “buy” rating in a research note on Thursday, September 12th. Wedbush reaffirmed a “neutral” rating and issued a $55.00 price objective on shares of Oracle in a research note on Friday, September 13th. Finally, Macquarie reiterated a “hold” rating on shares of Oracle in a research report on Thursday, September 12th. Four investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $56.80.

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.

Further Reading: How is Preferred Stock Different from Common Stock?

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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