Oracle Co. (NYSE:ORCL) Shares Sold by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lessened its position in shares of Oracle Co. (NYSE:ORCL) by 41.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 525,125 shares of the enterprise software provider’s stock after selling 371,602 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Oracle were worth $74,148,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ORCL. Westend Capital Management LLC bought a new stake in shares of Oracle in the 1st quarter worth approximately $25,000. Fairway Wealth LLC acquired a new position in shares of Oracle in the 2nd quarter worth approximately $27,000. Frank Rimerman Advisors LLC acquired a new stake in Oracle during the fourth quarter valued at approximately $30,000. POM Investment Strategies LLC bought a new position in shares of Oracle in the second quarter valued at $30,000. Finally, Bbjs Financial Advisors LLC purchased a new stake in Oracle during the second quarter valued at about $35,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on ORCL shares. Sanford C. Bernstein upped their price target on Oracle from $159.00 to $171.00 and gave the company an “outperform” rating in a research report on Wednesday, June 12th. Jefferies Financial Group upped their target price on Oracle from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Monday, September 16th. Mizuho upped their price target on shares of Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a research note on Tuesday, September 10th. Finally, Evercore ISI upped their price objective on Oracle from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Ten equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat.com, Oracle has an average rating of “Moderate Buy” and an average target price of $166.13.

Oracle Price Performance

Shares of NYSE:ORCL opened at $165.93 on Tuesday. The company has a market cap of $457.28 billion, a P/E ratio of 44.73, a P/E/G ratio of 3.21 and a beta of 1.01. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $173.99. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The business has a fifty day simple moving average of $142.76 and a 200-day simple moving average of $132.46.

Oracle (NYSE:ORCL) last released its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.06. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The firm had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. During the same quarter in the previous year, the firm earned $0.95 earnings per share. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. Equities research analysts forecast that Oracle Co. will post 5.01 EPS for the current year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be issued a $0.40 dividend. The ex-dividend date is Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.96%. Oracle’s dividend payout ratio is 43.13%.

Insider Buying and Selling at Oracle

In related news, insider Edward Screven sold 37,221 shares of the company’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $140.19, for a total value of $5,218,011.99. Following the completion of the sale, the insider now directly owns 2,626,764 shares in the company, valued at $368,246,045.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the transaction, the executive vice president now owns 42,889 shares of the company’s stock, valued at $7,076,685. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Edward Screven sold 37,221 shares of the business’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $140.19, for a total transaction of $5,218,011.99. Following the sale, the insider now directly owns 2,626,764 shares of the company’s stock, valued at $368,246,045.16. The disclosure for this sale can be found here. Insiders sold 1,610,402 shares of company stock valued at $230,556,257 in the last quarter. Company insiders own 42.80% 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.