Hourglass Capital LLC cut its position in Oracle Co. (NYSE:ORCL) by 1.3% during the 4th quarter, Holdings Channel reports. The firm owned 137,981 shares of the enterprise software provider’s stock after selling 1,781 shares during the quarter. Oracle makes up about 2.0% of Hourglass Capital LLC’s investment portfolio, making the stock its 20th largest position. Hourglass Capital LLC’s holdings in Oracle were worth $6,230,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of ORCL. Unigestion Holding SA raised its position in shares of Oracle by 8.3% during the 4th quarter. Unigestion Holding SA now owns 805,631 shares of the enterprise software provider’s stock worth $36,375,000 after buying an additional 61,631 shares in the last quarter. Gerber Kawasaki Wealth & Investment Management raised its position in shares of Oracle by 18.4% during the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 6,043 shares of the enterprise software provider’s stock worth $272,000 after buying an additional 940 shares in the last quarter. Perpetual Ltd raised its position in shares of Oracle by 189.2% during the 4th quarter. Perpetual Ltd now owns 236,175 shares of the enterprise software provider’s stock worth $10,585,000 after buying an additional 154,500 shares in the last quarter. Lakeview Capital Partners LLC raised its position in shares of Oracle by 15.0% during the 4th quarter. Lakeview Capital Partners LLC now owns 13,800 shares of the enterprise software provider’s stock worth $623,000 after buying an additional 1,800 shares in the last quarter. Finally, Norinchukin Bank The raised its position in shares of Oracle by 24.1% during the 4th quarter. Norinchukin Bank The now owns 630,907 shares of the enterprise software provider’s stock worth $28,485,000 after buying an additional 122,658 shares in the last quarter. Hedge funds and other institutional investors own 46.80% of the company’s stock.

A number of research firms have commented on ORCL. Sanford C. Bernstein restated a “buy” rating and set a $57.00 price target on shares of Oracle in a research report on Tuesday, December 18th. JPMorgan Chase & Co. restated a “neutral” rating and set a $53.00 price target on shares of Oracle in a research report on Wednesday. BMO Capital Markets downgraded shares of Oracle from an “outperform” rating to a “market perform” rating and set a $53.00 price target on the stock. in a research report on Friday. UBS Group boosted their price target on shares of Oracle to $54.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Wedbush restated a “neutral” rating and set a $52.00 price target (up from $49.00) on shares of Oracle in a research report on Friday. Three research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $52.77.

NYSE ORCL opened at $52.94 on Friday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 2.80 and a current ratio of 2.80. Oracle Co. has a 12 month low of $42.40 and a 12 month high of $53.47. The company has a market capitalization of $219.15 billion, a P/E ratio of 18.77, a price-to-earnings-growth ratio of 1.75 and a beta of 1.08.

Oracle (NYSE:ORCL) last released its earnings results on Thursday, March 14th. The enterprise software provider reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.02. Oracle had a net margin of 10.01% and a return on equity of 29.93%. The business had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $9.59 billion. During the same period in the previous year, the firm earned $0.83 EPS. The business’s revenue for the quarter was down .7% on a year-over-year basis. On average, research analysts expect that Oracle Co. will post 3.07 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Thursday, April 11th will be issued a $0.24 dividend. This is an increase from Oracle’s previous quarterly dividend of $0.19. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date is Wednesday, April 10th. Oracle’s payout ratio is presently 26.95%.

In other news, Director Hector Garcia-Molina sold 3,750 shares of Oracle stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $51.51, for a total value of $193,162.50. Following the transaction, the director now directly owns 27,969 shares of the company’s stock, valued at $1,440,683.19. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Dorian Daley sold 25,000 shares of Oracle stock in a transaction that occurred on Thursday, December 27th. The stock was sold at an average price of $45.00, for a total transaction of $1,125,000.00. Following the completion of the transaction, the executive vice president now directly owns 102,919 shares in the company, valued at $4,631,355. The disclosure for this sale can be found here. Insiders sold a total of 42,552 shares of company stock worth $1,945,486 over the last quarter. Insiders own 32.00% of the company’s stock.

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Oracle Profile

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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