Columbia Partners L L C Investment Management decreased its position in shares of Oracle Corporation (NYSE:ORCL) by 0.9% during the third quarter, HoldingsChannel.com reports. The fund owned 311,910 shares of the enterprise software provider’s stock after selling 2,882 shares during the period. Oracle makes up about 2.0% of Columbia Partners L L C Investment Management’s holdings, making the stock its 8th biggest holding. Columbia Partners L L C Investment Management’s holdings in Oracle were worth $15,080,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of ORCL. Acrospire Investment Management LLC grew its holdings 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 worth $100,000 after acquiring an additional 1,800 shares during the period. Burt Wealth Advisors grew its holdings 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 worth $107,000 after acquiring an additional 88 shares during the period. State of Alaska Department of Revenue purchased a new position in shares of Oracle during the 2nd quarter worth approximately $129,000. ETF Managers Group LLC purchased a new position in shares of Oracle during the 2nd quarter worth approximately $133,000. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC grew its holdings in shares of Oracle by 17.4% during the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 2,702 shares of the enterprise software provider’s stock worth $135,000 after acquiring an additional 400 shares during the period. Hedge funds and other institutional investors own 57.89% of the company’s stock.

In related news, insider Thomas Kurian sold 1,700,000 shares of the firm’s stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $50.29, for a total value of $85,493,000.00. Following the transaction, the insider now directly owns 1,522,983 shares of the company’s stock, valued at approximately $76,590,815.07. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Dorian Daley sold 100,000 shares of the firm’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $47.59, for a total value of $4,759,000.00. Following the completion of the transaction, the executive vice president now directly owns 136,954 shares in the company, valued at $6,517,640.86. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,811,250 shares of company stock worth $90,803,063. 29.00% of the stock is owned by insiders.

Several analysts recently weighed in on the company. Vetr downgraded Oracle from a “buy” rating to a “hold” rating and set a $51.82 price target on the stock. in a research note on Wednesday. Drexel Hamilton restated a “buy” rating and issued a $62.00 price target on shares of Oracle in a research note on Monday, October 2nd. BMO Capital Markets cut their price target on Oracle from $57.00 to $55.00 and set an “outperform” rating on the stock in a research note on Friday, December 15th. Canaccord Genuity assumed coverage on Oracle in a research note on Friday, October 6th. They issued a “buy” rating and a $57.00 price target on the stock. Finally, Oppenheimer restated a “hold” rating on shares of Oracle in a research note on Friday, December 15th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $55.27.

Oracle Corporation (ORCL) opened at $50.58 on Friday. The firm has a market capitalization of $211,090.00, a price-to-earnings ratio of 21.71, a PEG ratio of 1.92 and a beta of 1.05. The company has a debt-to-equity ratio of 1.03, a quick ratio of 5.04 and a current ratio of 5.07. Oracle Corporation has a twelve month low of $39.43 and a twelve month high of $53.14.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Thursday, December 14th. The enterprise software provider reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.02. The firm had revenue of $9.63 billion for the quarter, compared to analysts’ expectations of $9.57 billion. Oracle had a return on equity of 20.49% and a net margin of 25.48%. The company’s revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.61 EPS. sell-side analysts predict that Oracle Corporation will post 2.68 earnings per share for the current fiscal year.

Oracle declared that its Board of Directors has approved a share buyback program on Thursday, December 14th that authorizes the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization authorizes the enterprise software provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 10th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $0.76 dividend on an annualized basis and a yield of 1.50%. Oracle’s dividend payout ratio is currently 32.62%.

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About Oracle

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.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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