Seeyond Sells 481 Shares of Oracle Co. (NYSE:ORCL)

Seeyond trimmed its holdings in shares of Oracle Co. (NYSE:ORCL) by 1.4% during the second quarter, HoldingsChannel reports. The firm owned 33,965 shares of the enterprise software provider’s stock after selling 481 shares during the quarter. Seeyond’s holdings in Oracle were worth $2,643,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. CHICAGO TRUST Co NA increased its holdings in Oracle by 9.8% in the 2nd quarter. CHICAGO TRUST Co NA now owns 69,008 shares of the enterprise software provider’s stock worth $5,372,000 after acquiring an additional 6,183 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its holdings in Oracle by 79.4% in the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 286,116 shares of the enterprise software provider’s stock worth $22,271,000 after acquiring an additional 126,611 shares during the last quarter. German American Bancorp Inc. increased its holdings in Oracle by 5.1% in the 2nd quarter. German American Bancorp Inc. now owns 87,572 shares of the enterprise software provider’s stock worth $6,816,000 after acquiring an additional 4,212 shares during the last quarter. Capital Impact Advisors LLC purchased a new stake in Oracle in the 1st quarter worth about $5,100,000. Finally, Physicians Financial Services Inc. increased its holdings in Oracle by 1.8% in the 1st quarter. Physicians Financial Services Inc. now owns 27,728 shares of the enterprise software provider’s stock worth $1,946,000 after acquiring an additional 500 shares during the last quarter. Institutional investors own 44.47% of the company’s stock.

In related news, Vice Chairman Jeffrey Henley sold 156,635 shares of the company’s stock in a transaction on Monday, September 27th. The stock was sold at an average price of $90.03, for a total value of $14,101,849.05. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Rona Alison Fairhead purchased 1,286 shares of Oracle stock in a transaction that occurred on Monday, September 20th. The stock was purchased at an average cost of $85.12 per share, for a total transaction of $109,464.32. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 502,376 shares of company stock valued at $45,247,196. 39.10% of the stock is owned by corporate insiders.

ORCL has been the subject of a number of recent analyst reports. BMO Capital Markets lifted their target price on Oracle from $88.00 to $100.00 and gave the company a “market perform” rating in a report on Tuesday, September 14th. They noted that the move was a valuation call. JPMorgan Chase & Co. set a $89.00 target price on Oracle in a report on Tuesday, September 14th. Morgan Stanley lifted their target price on Oracle from $77.00 to $87.00 and gave the company an “equal weight” rating in a report on Monday, September 20th. KeyCorp lifted their target price on Oracle from $90.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, July 22nd. Finally, The Goldman Sachs Group lifted their target price on Oracle from $60.00 to $66.00 and gave the company a “sell” rating in a report on Tuesday, September 14th. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $81.44.

ORCL stock traded down $1.56 during midday trading on Thursday, hitting $94.84. The company had a trading volume of 90,438 shares, compared to its average volume of 12,000,915. The company has a current ratio of 2.30, a quick ratio of 2.30 and a debt-to-equity ratio of 12.77. Oracle Co. has a 52 week low of $55.14 and a 52 week high of $96.99. The stock’s 50 day moving average price is $89.80 and its 200 day moving average price is $83.59. The stock has a market cap of $259.69 billion, a price-to-earnings ratio of 21.26, a PEG ratio of 2.53 and a beta of 0.80.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Sunday, September 12th. The enterprise software provider reported $1.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.06. Oracle had a return on equity of 146.83% and a net margin of 33.96%. The firm had revenue of $9.73 billion during the quarter, compared to the consensus estimate of $9.77 billion. During the same quarter in the previous year, the company posted $0.82 earnings per share. The business’s revenue was up 3.8% on a year-over-year basis. Analysts predict that Oracle Co. will post 4.17 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 26th. Investors of record on Tuesday, October 12th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, October 8th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.35%. Oracle’s dividend payout ratio is presently 30.77%.

About Oracle

Oracle Corp. engages in the provision of products and services that address all aspects of corporate information technology environments. It operates through the following business segments: Cloud and License, Hardware, and Services. The Cloud and License segment markets, sells, and delivers applications, platform, and infrastructure technologies.

Featured Article: What factors cause inflation to rise?

Want to see what other hedge funds are holding ORCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oracle Co. (NYSE:ORCL).

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

Receive News & Ratings for Oracle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle and related companies with MarketBeat.com's FREE daily email newsletter.