Chesapeake Wealth Management lessened its position in Oracle Co. (NYSE:ORCL) by 11.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,784 shares of the enterprise software provider’s stock after selling 4,070 shares during the period. Chesapeake Wealth Management’s holdings in Oracle were worth $1,357,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in ORCL. Centaurus Financial Inc. acquired a new stake in shares of Oracle during the 1st quarter worth about $106,000. Rainier Group Investment Advisory LLC acquired a new stake in shares of Oracle during the 1st quarter worth about $106,000. Financial Gravity Wealth Inc. acquired a new stake in shares of Oracle during the 1st quarter worth about $130,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Oracle during the 2nd quarter worth about $126,000. Finally, Clearwater Capital Advisors LLC acquired a new stake in shares of Oracle during the 1st quarter worth about $134,000. 55.36% of the stock is owned by institutional investors.

Several analysts have weighed in on ORCL shares. Zacks Investment Research cut shares of Oracle from a “hold” rating to a “sell” rating in a research note on Tuesday. UBS Group lifted their price objective on shares of Oracle from $48.00 to $51.00 and gave the stock a “positive” rating in a research note on Thursday, August 9th. JPMorgan Chase & Co. cut shares of Oracle from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $55.00 to $53.00 in a research note on Thursday, June 14th. Societe Generale set a $50.00 price objective on shares of Oracle and gave the stock a “neutral” rating in a research note on Tuesday, August 14th. Finally, Credit Suisse Group reiterated a “buy” rating and issued a $60.00 price objective on shares of Oracle in a research note on Thursday, June 7th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and nineteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $55.56.

In other Oracle news, Vice Chairman Jeffrey Henley sold 400,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 26th. The shares were sold at an average price of $44.62, for a total transaction of $17,848,000.00. Following the sale, the insider now directly owns 400,000 shares of the company’s stock, valued at approximately $17,848,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $47.77, for a total transaction of $179,137.50. Following the sale, the director now directly owns 27,969 shares in the company, valued at $1,336,079.13. The disclosure for this sale can be found here. Insiders have sold a total of 550,500 shares of company stock worth $24,719,865 over the last three months. Insiders own 29.00% of the company’s stock.

Shares of Oracle stock opened at $49.26 on Friday. The company has a market cap of $200.40 billion, a P/E ratio of 17.47, a P/E/G ratio of 1.63 and a beta of 1.14. The company has a debt-to-equity ratio of 1.21, a quick ratio of 3.96 and a current ratio of 3.96. Oracle Co. has a 1 year low of $42.57 and a 1 year high of $53.48.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Tuesday, June 19th. The enterprise software provider reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.05. The company had revenue of $11.26 billion for the quarter, compared to analyst estimates of $11.17 billion. Oracle had a net margin of 9.61% and a return on equity of 23.14%. The firm’s revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.89 EPS. equities research analysts forecast that Oracle Co. will post 3.05 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 31st. Shareholders of record on Tuesday, July 17th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend was Monday, July 16th. Oracle’s payout ratio is 26.95%.

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: NASDAQ Stock Market Explained

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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