Oracle Corporation $ORCL is Neville Rodie & Shaw Inc.’s 5th Largest Position

Neville Rodie & Shaw Inc. decreased its stake in shares of Oracle Corporation (NYSE:ORCL) by 5.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 180,114 shares of the enterprise software provider’s stock after selling 9,743 shares during the quarter. Oracle comprises about 3.7% of Neville Rodie & Shaw Inc.’s portfolio, making the stock its 5th largest holding. Neville Rodie & Shaw Inc.’s holdings in Oracle were worth $50,655,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of ORCL. Vanguard Group Inc. grew its position in shares of Oracle by 2.1% during the second quarter. Vanguard Group Inc. now owns 164,278,874 shares of the enterprise software provider’s stock valued at $35,916,290,000 after purchasing an additional 3,353,461 shares in the last quarter. State Street Corp grew its holdings in Oracle by 1.7% during the 2nd quarter. State Street Corp now owns 73,459,391 shares of the enterprise software provider’s stock valued at $16,060,427,000 after buying an additional 1,252,723 shares in the last quarter. Northern Trust Corp grew its holdings in Oracle by 0.6% during the 1st quarter. Northern Trust Corp now owns 19,741,423 shares of the enterprise software provider’s stock valued at $2,760,048,000 after buying an additional 120,889 shares in the last quarter. Norges Bank bought a new stake in Oracle in the 2nd quarter worth approximately $4,275,378,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Oracle by 0.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 13,884,524 shares of the enterprise software provider’s stock worth $1,941,195,000 after acquiring an additional 59,164 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors.

Oracle Stock Performance

ORCL stock opened at $184.79 on Tuesday. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $345.72. The firm has a market cap of $526.80 billion, a price-to-earnings ratio of 34.73, a PEG ratio of 1.82 and a beta of 1.66. The business’s fifty day simple moving average is $243.44 and its two-hundred day simple moving average is $242.09. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 3.28.

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

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 23rd. Investors of record on Friday, January 9th will be issued 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%.

Analyst Ratings Changes

Several brokerages recently weighed in on ORCL. Robert W. Baird reduced their price target on shares of Oracle from $365.00 to $315.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 18th. JMP Securities reaffirmed a “market outperform” rating and issued a $342.00 price target on shares of Oracle in a report on Friday, October 17th. Guggenheim reiterated a “buy” rating and issued a $400.00 price target on shares of Oracle in a research report on Thursday. Citigroup decreased their price objective on Oracle from $375.00 to $370.00 and set a “buy” rating on the stock in a research report on Thursday, December 11th. Finally, BNP Paribas set a $377.00 price objective on Oracle in a research note on Wednesday, September 10th. Three research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and a consensus target price of $302.92.

Insider Activity

In other news, CEO Clayton M. Magouyrk sold 40,000 shares of the stock in a transaction that occurred on Tuesday, October 21st. The shares were sold at an average price of $276.64, for a total transaction of $11,065,600.00. Following the transaction, the chief executive officer directly owned 154,030 shares in the company, valued at approximately $42,610,859.20. This trade represents a 20.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Maria Smith sold 5,000 shares of Oracle stock in a transaction that occurred on Thursday, October 23rd. The shares were sold at an average price of $280.62, for a total transaction of $1,403,100.00. Following the transaction, the executive vice president directly owned 47,083 shares in the company, valued at approximately $13,212,431.46. The trade was a 9.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 155,190 shares of company stock valued at $45,279,001. Company insiders own 40.90% of the company’s stock.

Oracle Profile

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.