Abner Herrman & Brock LLC reduced its stake in shares of Oracle Co. (NYSE:ORCL) by 11.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 6,552 shares of the enterprise software provider’s stock after selling 861 shares during the period. Abner Herrman & Brock LLC’s holdings in Oracle were worth $296,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Csenge Advisory Group bought a new position in Oracle in the third quarter worth about $25,000. Truvestments Capital LLC bought a new position in Oracle in the third quarter worth about $107,000. WESPAC Advisors SoCal LLC bought a new position in Oracle in the third quarter worth about $119,000. ELM Advisors LLC bought a new position in Oracle in the third quarter worth about $122,000. Finally, Kiley Juergens Wealth Management LLC raised its holdings in Oracle by 70.9% in the third quarter. Kiley Juergens Wealth Management LLC now owns 2,747 shares of the enterprise software provider’s stock worth $141,000 after purchasing an additional 1,140 shares in the last quarter. 50.97% of the stock is owned by hedge funds and other institutional investors.

In other Oracle news, EVP Dorian Daley sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, December 27th. The stock was sold at an average price of $45.00, for a total value of $1,125,000.00. Following the sale, the executive vice president now owns 102,919 shares in the company, valued at approximately $4,631,355. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction that occurred on Monday, December 17th. The stock was sold at an average price of $46.42, for a total value of $174,075.00. Following the completion of the sale, the director now owns 27,969 shares in the company, valued at approximately $1,298,320.98. The disclosure for this sale can be found here. In the last 90 days, insiders sold 42,552 shares of company stock worth $1,936,336. Insiders own 32.00% of the company’s stock.

Several research firms have recently issued reports on ORCL. Atlantic Securities began coverage on shares of Oracle in a report on Wednesday. They set an “underweight” rating and a $45.00 price objective on the stock. Barclays downgraded shares of Oracle from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $60.00 to $55.00 in a report on Wednesday. Zacks Investment Research restated a “hold” rating on shares of Oracle in a report on Monday, December 31st. Standpoint Research upgraded shares of Oracle from a “hold” rating to a “buy” rating and set a $42.69 price objective on the stock in a report on Wednesday, December 26th. Finally, Mitsubishi UFJ Financial Group restated an “overweight” rating on shares of Oracle in a report on Monday, December 17th. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and thirteen have given a buy rating to the company. Oracle has a consensus rating of “Hold” and a consensus target price of $52.48.

NYSE:ORCL traded up $0.53 during midday trading on Friday, hitting $48.35. The company’s stock had a trading volume of 8,505,426 shares, compared to its average volume of 23,285,662. Oracle Co. has a fifty-two week low of $42.40 and a fifty-two week high of $53.48. The company has a current ratio of 2.80, a quick ratio of 2.80 and a debt-to-equity ratio of 1.66. The company has a market cap of $197.79 billion, a PE ratio of 17.15, a price-to-earnings-growth ratio of 1.59 and a beta of 1.04.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, December 17th. The enterprise software provider reported $0.80 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.10. Oracle had a return on equity of 29.93% and a net margin of 10.01%. The business had revenue of $9.57 billion for the quarter, compared to analyst estimates of $9.52 billion. During the same quarter in the prior year, the firm posted $0.70 EPS. The business’s quarterly revenue was down .3% compared to the same quarter last year. Equities research analysts predict that Oracle Co. will post 3.07 earnings per share for the current fiscal year.

Oracle declared that its Board of Directors has initiated a share repurchase plan on Monday, September 17th that allows the company to buyback $12.00 billion in outstanding shares. This buyback authorization allows the enterprise software provider to buy up to 5.9% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 30th. Shareholders of record on Wednesday, January 16th will be given a $0.19 dividend. The ex-dividend date is Tuesday, January 15th. This represents a $0.76 annualized dividend and a yield of 1.57%. Oracle’s dividend payout ratio is presently 26.95%.

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About Oracle

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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