BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp cut its stake in Oracle Co. (NYSE:ORCL) by 23.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,112,859 shares of the enterprise software provider’s stock after selling 338,992 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Oracle were worth $57,379,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. WASHINGTON TRUST Co boosted its holdings in Oracle by 4.2% during the 3rd quarter. WASHINGTON TRUST Co now owns 25,547 shares of the enterprise software provider’s stock valued at $1,317,000 after acquiring an additional 1,032 shares during the period. Cpwm LLC boosted its holdings in Oracle by 6.5% during the 2nd quarter. Cpwm LLC now owns 17,240 shares of the enterprise software provider’s stock valued at $760,000 after acquiring an additional 1,050 shares during the period. Honkamp Krueger Financial Services Inc. boosted its holdings in Oracle by 9.2% during the 3rd quarter. Honkamp Krueger Financial Services Inc. now owns 12,599 shares of the enterprise software provider’s stock valued at $650,000 after acquiring an additional 1,059 shares during the period. Quadrant Private Wealth Management LLC boosted its holdings in Oracle by 0.9% during the 2nd quarter. Quadrant Private Wealth Management LLC now owns 126,926 shares of the enterprise software provider’s stock valued at $5,592,000 after acquiring an additional 1,072 shares during the period. Finally, Sather Financial Group Inc boosted its holdings in Oracle by 0.6% during the 3rd quarter. Sather Financial Group Inc now owns 193,457 shares of the enterprise software provider’s stock valued at $9,974,000 after acquiring an additional 1,100 shares during the period. 50.97% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts recently commented on the company. Zacks Investment Research upgraded Oracle from a “sell” rating to a “hold” rating in a report on Wednesday. Rosenblatt Securities reiterated a “hold” rating and issued a $51.00 price objective on shares of Oracle in a research note on Tuesday, October 30th. Nomura decreased their price objective on Oracle from $58.00 to $53.00 and set a “buy” rating for the company in a research note on Friday, October 26th. KeyCorp reiterated a “hold” rating on shares of Oracle in a research note on Friday, October 26th. Finally, Credit Suisse Group reiterated a “buy” rating and issued a $60.00 price objective on shares of Oracle in a research note on Wednesday, October 24th. Seventeen investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Oracle currently has a consensus rating of “Hold” and a consensus price target of $53.71.

In other news, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $49.42, for a total transaction of $185,325.00. Following the sale, the director now owns 27,969 shares of the company’s stock, valued at approximately $1,382,227.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Dorian Daley sold 131,696 shares of the firm’s stock in a transaction dated Monday, September 24th. The stock was sold at an average price of $50.93, for a total value of $6,707,277.28. Following the sale, the executive vice president now directly owns 109,615 shares in the company, valued at approximately $5,582,691.95. The disclosure for this sale can be found here. Insiders have sold a total of 142,946 shares of company stock worth $7,257,365 in the last three months. Corporate insiders own 32.00% of the company’s stock.

Shares of NYSE ORCL opened at $48.75 on Thursday. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 1.41. Oracle Co. has a fifty-two week low of $42.57 and a fifty-two week high of $53.48. The stock has a market cap of $201.85 billion, a PE ratio of 17.29, a price-to-earnings-growth ratio of 1.67 and a beta of 1.11.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, September 17th. The enterprise software provider reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.03. Oracle had a return on equity of 25.60% and a net margin of 9.74%. The business had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.26 billion. During the same quarter last year, the company earned $0.62 EPS. The business’s quarterly revenue was up .8% on a year-over-year basis. Equities analysts forecast that Oracle Co. will post 3.06 EPS for the current year.

Oracle declared that its board has approved a stock repurchase program on Monday, September 17th that permits the company to buyback $12.00 billion in outstanding shares. This buyback authorization permits the enterprise software provider to buy up to 5.9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

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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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