LSV Asset Management Sells 88,370 Shares of Oracle Co. (NYSE:ORCL)

LSV Asset Management lowered its holdings in shares of Oracle Co. (NYSE:ORCL) by 6.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,231,670 shares of the enterprise software provider’s stock after selling 88,370 shares during the period. LSV Asset Management’s holdings in Oracle were worth $173,912,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Westend Capital Management LLC purchased a new position in Oracle in the first quarter worth about $25,000. Tidemark LLC purchased a new position in Oracle in the fourth quarter worth about $29,000. Nordwand Advisors LLC purchased a new position in Oracle in the fourth quarter worth about $30,000. Frank Rimerman Advisors LLC purchased a new position in Oracle in the fourth quarter worth about $30,000. Finally, POM Investment Strategies LLC purchased a new position in Oracle in the second quarter worth about $30,000. Institutional investors own 42.44% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Bank of America boosted their price objective on shares of Oracle from $144.00 to $155.00 and gave the company a “neutral” rating in a report on Wednesday, June 12th. UBS Group boosted their price objective on shares of Oracle from $150.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, June 12th. Evercore ISI boosted their target price on shares of Oracle from $145.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday, June 12th. Sanford C. Bernstein boosted their target price on shares of Oracle from $159.00 to $171.00 and gave the company an “outperform” rating in a research report on Wednesday, June 12th. Finally, BMO Capital Markets boosted their target price on shares of Oracle from $142.00 to $160.00 and gave the company a “market perform” rating in a research report on Monday, June 17th. Fourteen equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and an average target price of $145.87.

Oracle Trading Down 0.6 %

ORCL traded down $0.80 on Friday, reaching $141.81. 11,154,796 shares of the company traded hands, compared to its average volume of 8,056,655. Oracle Co. has a one year low of $99.26 and a one year high of $146.59. The firm has a fifty day simple moving average of $138.72 and a two-hundred day simple moving average of $128.47. The company has a market cap of $390.81 billion, a P/E ratio of 38.22, a price-to-earnings-growth ratio of 2.55 and a beta of 1.01. The company has a quick ratio of 0.72, a current ratio of 0.71 and a debt-to-equity ratio of 8.25.

Oracle (NYSE:ORCL) last posted its earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). Oracle had a net margin of 19.76% and a return on equity of 223.01%. The business had revenue of $14.29 billion for the quarter, compared to analysts’ expectations of $14.57 billion. During the same period last year, the business posted $1.35 EPS. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, equities research analysts expect that Oracle Co. will post 5.02 earnings per share for the current year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend was Thursday, July 11th. Oracle’s payout ratio is currently 43.13%.

Insider Transactions at Oracle

In other Oracle news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of Oracle stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the completion of the sale, the chairman now directly owns 1,145,732,353 shares in the company, valued at approximately $164,630,281,802.57. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $143.69, for a total value of $161,651,250.00. Following the completion of the transaction, the chairman now directly owns 1,145,732,353 shares in the company, valued at approximately $164,630,281,802.57. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Leon E. Panetta sold 15,000 shares of the business’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the completion of the transaction, the director now owns 58,090 shares of the company’s stock, valued at $8,010,030.10. The disclosure for this sale can be found here. Insiders have sold a total of 1,862,500 shares of company stock valued at $266,776,624 in the last 90 days. Insiders own 42.80% of the company’s stock.

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.