Oracle Co. (NYSE:ORCL) Stock Position Cut by Raub Brock Capital Management LP

Raub Brock Capital Management LP reduced its holdings in shares of Oracle Co. (NYSE:ORCL) by 1.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 134,784 shares of the enterprise software provider’s stock after selling 2,110 shares during the quarter. Oracle accounts for about 4.2% of Raub Brock Capital Management LP’s investment portfolio, making the stock its 6th largest holding. Raub Brock Capital Management LP’s holdings in Oracle were worth $19,032,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Norges Bank acquired a new position in shares of Oracle in the 4th quarter worth approximately $1,210,181,000. Janus Henderson Group PLC boosted its holdings in Oracle by 148.8% in the first quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock worth $1,616,855,000 after purchasing an additional 7,699,141 shares during the period. Boston Partners boosted its holdings in Oracle by 382.4% in the fourth quarter. Boston Partners now owns 4,563,366 shares of the enterprise software provider’s stock worth $481,820,000 after purchasing an additional 3,617,413 shares during the period. Capital World Investors increased its stake in Oracle by 22.1% during the fourth quarter. Capital World Investors now owns 18,384,162 shares of the enterprise software provider’s stock valued at $1,938,242,000 after purchasing an additional 3,323,334 shares during the last quarter. Finally, PineStone Asset Management Inc. raised its holdings in shares of Oracle by 131.2% during the second quarter. PineStone Asset Management Inc. now owns 3,911,201 shares of the enterprise software provider’s stock worth $552,262,000 after purchasing an additional 2,219,450 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Buying and Selling

In related news, insider Edward Screven sold 235,918 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $144.30, for a total value of $34,042,967.40. Following the completion of the sale, the insider now owns 2,626,764 shares in the company, valued at approximately $379,042,045.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Jeffrey Berg sold 22,500 shares of the company’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $143.12, for a total value of $3,220,200.00. Following the transaction, the director now owns 210,712 shares in the company, valued at approximately $30,157,101.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Edward Screven sold 235,918 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the sale, the insider now owns 2,626,764 shares of the company’s stock, valued at $379,042,045.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,862,500 shares of company stock valued at $266,776,624. 42.80% of the stock is owned by corporate insiders.

Oracle Price Performance

NYSE:ORCL traded down $0.80 during mid-day trading on Friday, reaching $141.81. 11,154,796 shares of the stock were exchanged, compared to its average volume of 8,056,655. The company has a current ratio of 0.71, a quick ratio of 0.72 and a debt-to-equity ratio of 8.25. The business has a fifty day moving average price of $138.72 and a 200 day moving average price of $128.47. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $146.59. The firm has a market capitalization of $390.81 billion, a PE ratio of 38.22, a PEG ratio of 2.55 and a beta of 1.01.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.02). The business had revenue of $14.29 billion during the quarter, compared to analyst estimates of $14.57 billion. Oracle had a return on equity of 223.01% and a net margin of 19.76%. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.35 EPS. Research analysts expect that Oracle Co. will post 5.02 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Thursday, July 11th were given a $0.40 dividend. The ex-dividend date was Thursday, July 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.13%. Oracle’s dividend payout ratio (DPR) is 43.13%.

Wall Street Analysts Forecast Growth

ORCL has been the subject of a number of recent research reports. Guggenheim reaffirmed a “buy” rating and set a $175.00 price objective on shares of Oracle in a research report on Tuesday, June 25th. DA Davidson reissued a “neutral” rating and issued a $105.00 price target on shares of Oracle in a report on Wednesday, June 12th. Evercore ISI upped their price objective on Oracle from $145.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 12th. JPMorgan Chase & Co. raised their target price on Oracle from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, June 12th. Finally, Sanford C. Bernstein upped their price target on shares of Oracle from $159.00 to $171.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 12th. Fourteen research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $145.87.

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.