Factory Mutual Insurance Co. Decreases Stock Holdings in Oracle Co. (NYSE:ORCL)

Factory Mutual Insurance Co. cut its stake in Oracle Co. (NYSE:ORCLGet Rating) by 71.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 81,400 shares of the enterprise software provider’s stock after selling 201,320 shares during the period. Factory Mutual Insurance Co.’s holdings in Oracle were worth $6,734,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Baird Financial Group Inc. increased its position in shares of Oracle by 29.2% in the first quarter. Baird Financial Group Inc. now owns 588,460 shares of the enterprise software provider’s stock valued at $48,686,000 after buying an additional 132,920 shares in the last quarter. Taylor Hoffman Wealth Management increased its holdings in Oracle by 1.6% during the 1st quarter. Taylor Hoffman Wealth Management now owns 34,574 shares of the enterprise software provider’s stock valued at $2,860,000 after acquiring an additional 555 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of Oracle by 24.7% in the first quarter. Sequoia Financial Advisors LLC now owns 23,671 shares of the enterprise software provider’s stock valued at $1,959,000 after purchasing an additional 4,689 shares in the last quarter. Moors & Cabot Inc. grew its position in shares of Oracle by 7.3% in the first quarter. Moors & Cabot Inc. now owns 32,776 shares of the enterprise software provider’s stock valued at $2,712,000 after purchasing an additional 2,234 shares during the last quarter. Finally, Element Capital Management LLC purchased a new position in shares of Oracle during the 1st quarter worth approximately $1,610,000. Hedge funds and other institutional investors own 41.92% of the company’s stock.

Oracle Trading Up 0.2 %

Shares of ORCL stock opened at $74.65 on Friday. The firm has a fifty day simple moving average of $74.90 and a 200-day simple moving average of $74.91. The company has a market capitalization of $198.94 billion, a PE ratio of 31.10, a price-to-earnings-growth ratio of 2.10 and a beta of 0.87. Oracle Co. has a twelve month low of $63.76 and a twelve month high of $106.34.

Oracle (NYSE:ORCLGet Rating) last issued its quarterly earnings data on Monday, June 13th. The enterprise software provider reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.14. Oracle had a net margin of 15.83% and a negative return on equity of 193.58%. The firm had revenue of $11.84 billion for the quarter, compared to analyst estimates of $11.65 billion. During the same quarter in the previous year, the business posted $1.40 EPS. The firm’s revenue was up 5.5% compared to the same quarter last year. Equities research analysts predict that Oracle Co. will post 4.43 EPS for the current year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 26th. Shareholders of record on Tuesday, July 12th were issued a dividend of $0.32 per share. The ex-dividend date was Monday, July 11th. This represents a $1.28 annualized dividend and a yield of 1.71%. Oracle’s dividend payout ratio is presently 53.33%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ORCL. BNP Paribas raised Oracle from a “neutral” rating to an “outperform” rating and set a $90.00 target price on the stock in a research note on Wednesday, June 29th. Stifel Nicolaus decreased their price objective on Oracle from $83.00 to $72.00 in a research note on Tuesday, June 14th. Cowen cut their target price on shares of Oracle from $107.00 to $98.00 and set an “outperform” rating for the company in a research note on Thursday, June 9th. BMO Capital Markets lowered their price target on shares of Oracle from $92.00 to $86.00 in a report on Tuesday, June 14th. Finally, The Goldman Sachs Group reissued a “sell” rating and issued a $75.00 price objective on shares of Oracle in a research report on Monday, June 27th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $89.77.

Insider Buying and Selling at Oracle

In other news, CEO Safra Catz sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 22nd. The shares were sold at an average price of $66.87, for a total transaction of $66,870,000.00. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $74,800,247.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Edward Screven sold 419,174 shares of the business’s stock in a transaction dated Wednesday, June 29th. The stock was sold at an average price of $69.22, for a total value of $29,015,224.28. Following the completion of the sale, the insider now directly owns 2,492,613 shares of the company’s stock, valued at $172,538,671.86. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Safra Catz sold 1,000,000 shares of the stock in a transaction that occurred on Wednesday, June 22nd. The stock was sold at an average price of $66.87, for a total value of $66,870,000.00. Following the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $74,800,247.04. The disclosure for this sale can be found here. Insiders have sold a total of 3,399,174 shares of company stock valued at $232,369,224 in the last three months. Corporate insiders own 39.10% of the company’s stock.

About Oracle

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Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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