Columbia Asset Management cut its stake in shares of Oracle Co. (NYSE:ORCL) by 5.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 31,649 shares of the enterprise software provider’s stock after selling 2,000 shares during the period. Columbia Asset Management’s holdings in Oracle were worth $1,700,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wedgewood Investors Inc. PA increased its stake in shares of Oracle by 4.1% in the 1st quarter. Wedgewood Investors Inc. PA now owns 4,650 shares of the enterprise software provider’s stock worth $250,000 after purchasing an additional 185 shares in the last quarter. Landmark Financial Advisors LLC increased its stake in shares of Oracle by 2.1% in the 4th quarter. Landmark Financial Advisors LLC now owns 9,613 shares of the enterprise software provider’s stock worth $434,000 after purchasing an additional 200 shares in the last quarter. Park Avenue Securities LLC increased its stake in shares of Oracle by 2.6% in the 1st quarter. Park Avenue Securities LLC now owns 8,064 shares of the enterprise software provider’s stock worth $440,000 after purchasing an additional 202 shares in the last quarter. Joel Isaacson & Co. LLC increased its stake in shares of Oracle by 2.1% in the 1st quarter. Joel Isaacson & Co. LLC now owns 10,158 shares of the enterprise software provider’s stock worth $546,000 after purchasing an additional 205 shares in the last quarter. Finally, JFS Wealth Advisors LLC increased its stake in shares of Oracle by 9.0% in the 1st quarter. JFS Wealth Advisors LLC now owns 2,512 shares of the enterprise software provider’s stock worth $135,000 after purchasing an additional 207 shares in the last quarter. Institutional investors and hedge funds own 53.15% of the company’s stock.

In other Oracle news, CEO Mark V. Hurd sold 1,200,000 shares of the stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $53.83, for a total transaction of $64,596,000.00. Following the completion of the transaction, the chief executive officer now owns 1,664,227 shares of the company’s stock, valued at approximately $89,585,339.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Dorian Daley sold 125,000 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $52.84, for a total transaction of $6,605,000.00. The disclosure for this sale can be found here. Insiders sold a total of 2,470,000 shares of company stock valued at $133,690,075 in the last ninety days. 32.00% of the stock is currently owned by insiders.

Several equities research analysts have recently commented on ORCL shares. Zacks Investment Research lowered Oracle from a “hold” rating to a “sell” rating in a research note on Wednesday, March 6th. Mitsubishi UFJ Financial Group upped their price objective on Oracle from $55.00 to $56.00 and gave the stock an “overweight” rating in a research note on Friday, March 15th. BNP Paribas started coverage on Oracle in a research note on Friday, March 29th. They issued a “neutral” rating and a $50.00 price objective for the company. Standpoint Research lowered Oracle from a “buy” rating to a “hold” rating in a research note on Tuesday, February 19th. Finally, Royal Bank of Canada upped their price objective on Oracle to $57.00 and gave the stock a “sector perform” rating in a research note on Friday, March 15th. Three investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have assigned a buy rating to the company. Oracle has a consensus rating of “Hold” and an average target price of $53.11.

Shares of Oracle stock opened at $53.28 on Monday. The firm has a market capitalization of $182.09 billion, a P/E ratio of 18.89, a PEG ratio of 1.60 and a beta of 1.09. The company has a quick ratio of 2.65, a current ratio of 2.65 and a debt-to-equity ratio of 2.13. Oracle Co. has a fifty-two week low of $42.40 and a fifty-two week high of $55.53.

Oracle (NYSE:ORCL) last issued its earnings results on Thursday, March 14th. The enterprise software provider reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.02. The company had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.59 billion. Oracle had a net margin of 27.14% and a return on equity of 34.03%. Oracle’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.83 EPS. On average, sell-side analysts forecast that Oracle Co. will post 3.09 EPS for the current year.

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Oracle 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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