Lockheed Martin Investment Management Co. lessened its position in shares of Oracle Corporation (NYSE:ORCL) by 20.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 132,460 shares of the enterprise software provider’s stock after selling 33,700 shares during the quarter. Lockheed Martin Investment Management Co.’s holdings in Oracle were worth $6,404,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. First Command Bank increased its holdings in Oracle by 25.4% in the 2nd quarter. First Command Bank now owns 10,156 shares of the enterprise software provider’s stock valued at $509,000 after purchasing an additional 2,060 shares during the last quarter. Capital Asset Advisory Services LLC acquired a new stake in Oracle in the 2nd quarter valued at approximately $213,000. BKD Wealth Advisors LLC increased its holdings in Oracle by 8.0% in the 2nd quarter. BKD Wealth Advisors LLC now owns 19,915 shares of the enterprise software provider’s stock valued at $999,000 after purchasing an additional 1,472 shares during the last quarter. Cardinal Capital Management Inc. increased its holdings in Oracle by 1.8% in the 2nd quarter. Cardinal Capital Management Inc. now owns 237,723 shares of the enterprise software provider’s stock valued at $11,919,000 after purchasing an additional 4,095 shares during the last quarter. Finally, Prentiss Smith & Co. Inc. increased its holdings in Oracle by 548.4% in the 2nd quarter. Prentiss Smith & Co. Inc. now owns 71,846 shares of the enterprise software provider’s stock valued at $3,602,000 after purchasing an additional 60,766 shares during the last quarter. 57.89% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $48.40, for a total value of $181,500.00. Following the completion of the sale, the director now directly owns 18,125 shares of the company’s stock, valued at $877,250. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Dorian Daley sold 100,000 shares of the business’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $47.59, for a total transaction of $4,759,000.00. Following the completion of the sale, the executive vice president now directly owns 136,954 shares of the company’s stock, valued at $6,517,640.86. The disclosure for this sale can be found here. Over the last three months, insiders sold 107,500 shares of company stock valued at $5,123,613. 29.00% of the stock is owned by corporate insiders.

Several research firms have commented on ORCL. Zacks Investment Research downgraded shares of Oracle from a “hold” rating to a “sell” rating in a research note on Monday, October 23rd. UBS Group restated a “neutral” rating and issued a $55.00 price target (down previously from $57.00) on shares of Oracle in a research note on Thursday, November 9th. Vetr downgraded shares of Oracle from a “strong-buy” rating to a “buy” rating and set a $51.82 price target for the company. in a research note on Monday, November 20th. BidaskClub upgraded shares of Oracle from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 27th. Finally, Royal Bank of Canada set a $53.00 price target on shares of Oracle and gave the stock a “buy” rating in a research note on Tuesday, December 12th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-eight have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $55.28.

Oracle Corporation (NYSE:ORCL) opened at $49.51 on Tuesday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 5.04 and a current ratio of 5.07. The company has a market cap of $206,630.00, a price-to-earnings ratio of 21.25, a P/E/G ratio of 1.89 and a beta of 1.05. Oracle Corporation has a 12 month low of $38.88 and a 12 month high of $53.14.

Oracle (NYSE:ORCL) last issued its earnings results on Thursday, December 14th. The enterprise software provider reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.02. The firm had revenue of $9.63 billion during 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.61 earnings per share. analysts expect that Oracle Corporation will post 2.68 EPS for the current year.

Oracle announced that its Board of Directors has authorized a share repurchase plan on Thursday, December 14th that authorizes the company to repurchase $12.00 billion in shares. This repurchase authorization authorizes the enterprise software provider to purchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 10th will be given 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 1.54%. Oracle’s dividend payout ratio (DPR) is presently 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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