Douglass Winthrop Advisors LLC lowered its position in Oracle Co. (NYSE:ORCL) by 63.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,120 shares of the enterprise software provider’s stock after selling 22,500 shares during the period. Douglass Winthrop Advisors LLC’s holdings in Oracle were worth $676,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Rainier Group Investment Advisory LLC bought a new stake in Oracle in the first quarter worth about $106,000. ELM Advisors LLC bought a new stake in shares of Oracle during the third quarter valued at approximately $122,000. Kiley Juergens Wealth Management LLC raised its stake in shares of Oracle by 70.9% during the third quarter. Kiley Juergens Wealth Management LLC now owns 2,747 shares of the enterprise software provider’s stock valued at $141,000 after acquiring an additional 1,140 shares in the last quarter. Financial Gravity Wealth Inc. bought a new stake in shares of Oracle during the first quarter valued at approximately $130,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in shares of Oracle during the second quarter valued at approximately $126,000. 53.43% of the stock is owned by institutional investors and hedge funds.

Shares of ORCL stock opened at $47.38 on Friday. The company has a market cap of $213.44 billion, a P/E ratio of 16.80, a price-to-earnings-growth ratio of 1.72 and a beta of 1.14. The company has a debt-to-equity ratio of 1.41, a quick ratio of 3.43 and a current ratio of 3.43. Oracle Co. has a 52-week low of $42.57 and a 52-week high of $53.48.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, September 17th. The enterprise software provider reported $0.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.03. The company had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.26 billion. Oracle had a net margin of 9.74% and a return on equity of 25.60%. Oracle’s revenue was up .8% compared to the same quarter last year. During the same period last year, the company posted $0.62 earnings per share. Sell-side analysts anticipate that Oracle Co. will post 3.07 earnings per share for the current fiscal year.

Oracle declared that its board has initiated a stock buyback program on Monday, September 17th that permits the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization permits the enterprise software provider to repurchase up to 5.9% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 30th. Investors of record on Tuesday, October 16th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend is Monday, October 15th. Oracle’s payout ratio is 26.95%.

In other Oracle news, Director Hector Garcia-Molina sold 3,750 shares of Oracle stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $47.77, for a total value of $179,137.50. Following the transaction, the director now directly owns 27,969 shares of the company’s stock, valued at $1,336,079.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Naomi O. Seligman sold 45,000 shares of Oracle stock in a transaction on Monday, July 16th. The stock was sold at an average price of $48.09, for a total transaction of $2,164,050.00. Following the completion of the transaction, the director now directly owns 27,969 shares in the company, valued at $1,345,029.21. The disclosure for this sale can be found here. Over the last three months, insiders have sold 184,196 shares of company stock worth $9,235,790. 32.00% of the stock is currently owned by corporate insiders.

Several analysts have recently weighed in on ORCL shares. TheStreet raised shares of Oracle from a “c+” rating to a “b” rating in a research note on Tuesday, June 19th. Credit Suisse Group set a $60.00 price target on shares of Oracle and gave the company a “buy” rating in a research note on Monday, June 18th. Nomura decreased their price target on shares of Oracle from $60.00 to $59.00 and set a “buy” rating for the company in a research note on Friday, June 29th. Goldman Sachs Group reaffirmed a “buy” rating and set a $55.00 price target on shares of Oracle in a research note on Tuesday, September 18th. Finally, ValuEngine raised shares of Oracle from a “sell” rating to a “hold” rating in a research note on Monday, July 2nd. Sixteen investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $53.92.

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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