LS Investment Advisors LLC lessened its holdings in Oracle Corporation (NYSE:ORCL) by 10.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 253,401 shares of the enterprise software provider’s stock after selling 29,468 shares during the quarter. Oracle accounts for about 0.7% of LS Investment Advisors LLC’s holdings, making the stock its 27th biggest position. LS Investment Advisors LLC’s holdings in Oracle were worth $12,252,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in ORCL. Acrospire Investment Management LLC lifted its position in shares of Oracle by 947.4% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock valued at $100,000 after acquiring an additional 1,800 shares during the period. Burt Wealth Advisors lifted its position in shares of Oracle by 4.3% during the 2nd quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock valued at $107,000 after acquiring an additional 88 shares during the period. TrimTabs Asset Management LLC lifted its position in shares of Oracle by 88.8% during the 1st quarter. TrimTabs Asset Management LLC now owns 2,687 shares of the enterprise software provider’s stock valued at $120,000 after acquiring an additional 1,264 shares during the period. State of Alaska Department of Revenue acquired a new stake in shares of Oracle during the 2nd quarter valued at approximately $129,000. Finally, Heritage Trust Co acquired a new stake in shares of Oracle during the 1st quarter valued at approximately $130,000. 57.40% of the stock is currently owned by institutional investors.

In other news, Director Jeffrey Berg sold 45,000 shares of the business’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $48.03, for a total transaction of $2,161,350.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director George H. Conrades sold 56,250 shares of the business’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $48.25, for a total transaction of $2,714,062.50. Following the sale, the director now directly owns 66,250 shares of the company’s stock, valued at $3,196,562.50. The disclosure for this sale can be found here. Insiders sold a total of 305,776 shares of company stock valued at $14,814,687 over the last quarter. 29.00% of the stock is currently owned by insiders.

A number of equities research analysts have recently issued reports on the stock. J P Morgan Chase & Co set a $55.00 price target on shares of Oracle and gave the company a “buy” rating in a research report on Monday. Royal Bank of Canada set a $51.00 price objective on Oracle and gave the stock a “neutral” rating in a research report on Monday. Canaccord Genuity cut their price objective on Oracle from $57.00 to $53.00 and set a “buy” rating for the company in a research report on Friday, December 15th. Wedbush restated a “buy” rating and set a $58.00 price objective on shares of Oracle in a research report on Friday, December 15th. Finally, Zacks Investment Research downgraded Oracle from a “hold” rating to a “sell” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-seven have issued a buy rating to the stock. Oracle presently has a consensus rating of “Buy” and an average price target of $55.26.

Oracle Corporation (ORCL) opened at $47.82 on Wednesday. The company has a quick ratio of 5.04, a current ratio of 5.07 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $197,583.20, a price-to-earnings ratio of 18.22, a price-to-earnings-growth ratio of 1.82 and a beta of 1.05. Oracle Corporation has a twelve month low of $38.30 and a twelve month high of $53.14.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Thursday, December 14th. The enterprise software provider reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.02. The company had revenue of $9.63 billion during the quarter, compared to the consensus estimate of $9.57 billion. Oracle had a return on equity of 20.49% and a net margin of 25.48%. Oracle’s revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.61 EPS. equities research analysts anticipate that Oracle Corporation will post 2.67 earnings per share for the current fiscal year.

Oracle announced that its Board of Directors has initiated a stock buyback plan on Thursday, December 14th that authorizes the company to buyback $12.00 billion in shares. This buyback authorization authorizes the enterprise software provider to purchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 10th will be issued a $0.19 dividend. The ex-dividend date is Tuesday, January 9th. This represents a $0.76 annualized dividend and a yield of 1.59%. Oracle’s dividend payout ratio (DPR) is presently 32.62%.

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Oracle Company Profile

Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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