BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $78.17 Million Stock Position in Oracle Corporation $ORCL

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp reduced its holdings in Oracle Corporation (NYSE:ORCL) by 16.8% in the 2nd quarter, Holdings Channel reports. The fund owned 357,540 shares of the enterprise software provider’s stock after selling 72,130 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Oracle were worth $78,169,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of ORCL. Brighton Jones LLC increased its stake in Oracle by 189.3% in the 4th quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider’s stock valued at $25,593,000 after buying an additional 100,494 shares during the period. Revolve Wealth Partners LLC boosted its stake in shares of Oracle by 8.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider’s stock valued at $903,000 after buying an additional 404 shares during the period. Vestmark Advisory Solutions Inc. grew its holdings in shares of Oracle by 69.4% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 22,554 shares of the enterprise software provider’s stock valued at $3,153,000 after acquiring an additional 9,237 shares in the last quarter. Cookson Peirce & Co. Inc. increased its stake in shares of Oracle by 13.5% in the first quarter. Cookson Peirce & Co. Inc. now owns 1,615 shares of the enterprise software provider’s stock worth $226,000 after acquiring an additional 192 shares during the last quarter. Finally, Horizon Investments LLC raised its holdings in shares of Oracle by 3.0% during the first quarter. Horizon Investments LLC now owns 64,734 shares of the enterprise software provider’s stock worth $9,018,000 after acquiring an additional 1,855 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ORCL. BMO Capital Markets reduced their price objective on Oracle from $355.00 to $270.00 and set an “outperform” rating for the company in a research report on Thursday. Robert W. Baird lowered their price target on Oracle from $365.00 to $315.00 and set an “outperform” rating for the company in a research note on Tuesday, November 18th. Royal Bank Of Canada dropped their price objective on Oracle from $310.00 to $250.00 and set a “sector perform” rating on the stock in a report on Thursday. UBS Group set a $325.00 target price on shares of Oracle in a research note on Thursday. Finally, Mizuho increased their price target on shares of Oracle from $300.00 to $350.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 10th. Three research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $301.57.

Oracle Trading Down 4.6%

NYSE:ORCL opened at $189.64 on Friday. The company’s 50 day moving average is $245.58 and its 200-day moving average is $240.83. The company has a quick ratio of 0.62, a current ratio of 0.91 and a debt-to-equity ratio of 3.28. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $345.72. The firm has a market cap of $540.62 billion, a price-to-earnings ratio of 35.65, a P/E/G ratio of 2.24 and a beta of 1.66.

Oracle (NYSE:ORCL) last posted its earnings results on Wednesday, December 10th. The enterprise software provider reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.62. The business had revenue of $16.06 billion for the quarter, compared to analyst estimates of $16.19 billion. Oracle had a net margin of 25.28% and a return on equity of 70.60%. Oracle’s revenue was up 14.2% compared to the same quarter last year. During the same period last year, the business posted $1.47 EPS. Equities analysts anticipate that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, January 9th will be paid a $0.50 dividend. The ex-dividend date is Friday, January 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.1%. Oracle’s payout ratio is presently 37.59%.

Insider Buying and Selling at Oracle

In other news, CEO Clayton M. Magouyrk sold 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 21st. The stock was sold at an average price of $276.64, for a total transaction of $11,065,600.00. Following the completion of the transaction, the chief executive officer directly owned 154,030 shares in the company, valued at $42,610,859.20. The trade was a 20.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jeffrey Berg sold 49,365 shares of the stock in a transaction that occurred on Tuesday, October 28th. The shares were sold at an average price of $283.02, for a total value of $13,971,282.30. Following the completion of the sale, the director directly owned 151,999 shares of the company’s stock, valued at $43,018,756.98. This represents a 24.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 171,513 shares of company stock worth $50,397,893 in the last ninety days. 40.90% of the stock is owned by insiders.

About Oracle

Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.