Oracle Co. (ORCL) Holdings Trimmed by Gyroscope Capital Management Group LLC

Gyroscope Capital Management Group LLC reduced its stake in Oracle Co. (NYSE:ORCL) by 28.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 29,566 shares of the enterprise software provider’s stock after selling 11,568 shares during the quarter. Gyroscope Capital Management Group LLC’s holdings in Oracle were worth $1,430,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of ORCL. Eagle Ridge Investment Management lifted its holdings in shares of Oracle by 9.8% in the 2nd quarter. Eagle Ridge Investment Management now owns 12,515 shares of the enterprise software provider’s stock worth $555,000 after acquiring an additional 1,115 shares during the last quarter. JLB & Associates Inc. acquired a new stake in Oracle during the 2nd quarter worth approximately $11,684,000. IFP Advisors Inc lifted its holdings in Oracle by 3.9% during the 2nd quarter. IFP Advisors Inc now owns 73,328 shares of the enterprise software provider’s stock worth $3,677,000 after buying an additional 2,741 shares in the last quarter. Beach Investment Management LLC. acquired a new stake in Oracle during the 2nd quarter worth approximately $336,000. Finally, Endurance Wealth Management Inc. lifted its holdings in Oracle by 2.5% during the 2nd quarter. Endurance Wealth Management Inc. now owns 188,686 shares of the enterprise software provider’s stock worth $9,461,000 after buying an additional 4,600 shares in the last quarter. Hedge funds and other institutional investors own 57.77% of the company’s stock.

Shares of Oracle Co. (ORCL) opened at $48.15 on Tuesday. Oracle Co. has a 52-week low of $40.75 and a 52-week high of $53.14. The company has a debt-to-equity ratio of 1.03, a current ratio of 5.07 and a quick ratio of 5.04. The company has a market cap of $200,950.00, a P/E ratio of 20.67, a price-to-earnings-growth ratio of 1.82 and a beta of 1.08.

Oracle (NYSE:ORCL) last posted its earnings results on Thursday, December 14th. The enterprise software provider reported $0.70 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.02. The firm had revenue of $9.63 billion for the quarter, compared to the consensus estimate of $9.57 billion. Oracle had a net margin of 25.48% and a return on equity of 20.49%. The company’s revenue was up 6.2% on a year-over-year basis. During the same period last year, the firm posted $0.61 EPS. equities research analysts anticipate that Oracle Co. will post 2.68 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 24th. Investors of record on Wednesday, January 10th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend was Tuesday, January 9th. Oracle’s dividend payout ratio (DPR) is 32.62%.

Oracle declared that its board has approved a share buyback plan 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 purchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. set a $55.00 target price on shares of Oracle and gave the stock a “buy” rating in a report on Monday, December 18th. Nomura assumed coverage on shares of Oracle in a report on Tuesday, January 23rd. They set a “buy” rating and a $64.00 target price on the stock. Vetr upgraded shares of Oracle from a “hold” rating to a “buy” rating and set a $51.77 target price on the stock in a report on Monday, February 5th. Royal Bank of Canada set a $51.00 target price on shares of Oracle and gave the stock a “neutral” rating in a report on Monday, January 22nd. Finally, Instinet assumed coverage on shares of Oracle in a report on Wednesday, January 24th. They set a “buy” rating and a $51.12 target price on the stock. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and thirty have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $55.39.

In related news, Director Naomi O. Seligman sold 45,000 shares of the stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $51.34, for a total value of $2,310,300.00. Following the transaction, the director now directly owns 62,498 shares of the company’s stock, valued at approximately $3,208,647.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Dorian Daley sold 100,000 shares of the stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $52.00, for a total transaction of $5,200,000.00. Following the completion of the transaction, the executive vice president now directly owns 37,576 shares in the company, valued at $1,953,952. The disclosure for this sale can be found here. Insiders sold a total of 1,956,250 shares of company stock worth $98,313,363 over the last ninety days. Insiders own 29.00% of the company’s stock.

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Oracle 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.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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