Mengis Capital Management Inc. Reduces Stake in Oracle Co. (NYSE:ORCL)

Mengis Capital Management Inc. cut its position in shares of Oracle Co. (NYSE:ORCL - Free Report) by 53.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,978 shares of the enterprise software provider's stock after selling 4,587 shares during the quarter. Mengis Capital Management Inc.'s holdings in Oracle were worth $678,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in ORCL. Vanguard Group Inc. increased its position in Oracle by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 151,213,890 shares of the enterprise software provider's stock valued at $18,993,977,000 after buying an additional 1,514,569 shares in the last quarter. Capital World Investors raised its position in shares of Oracle by 0.4% in the 1st quarter. Capital World Investors now owns 18,466,713 shares of the enterprise software provider's stock worth $2,319,604,000 after purchasing an additional 82,551 shares during the last quarter. Legal & General Group Plc boosted its stake in Oracle by 2.3% in the 2nd quarter. Legal & General Group Plc now owns 13,242,340 shares of the enterprise software provider's stock worth $1,869,816,000 after purchasing an additional 296,866 shares in the last quarter. Janus Henderson Group PLC grew its position in Oracle by 148.8% during the 1st quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider's stock valued at $1,616,855,000 after purchasing an additional 7,699,141 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Oracle by 6.2% in the second quarter. Dimensional Fund Advisors LP now owns 7,318,962 shares of the enterprise software provider's stock worth $1,033,430,000 after buying an additional 424,500 shares during the last quarter. Institutional investors own 42.44% of the company's stock.

Insiders Place Their Bets

In related news, EVP Maria Smith sold 6,320 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the sale, the executive vice president now owns 42,889 shares of the company's stock, valued at $7,076,685. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 42.20% of the stock is currently owned by corporate insiders.

Oracle Trading Up 0.0 %

Oracle stock traded up $0.04 during trading hours on Wednesday, hitting $189.62. The company had a trading volume of 5,692,996 shares, compared to its average volume of 8,254,838. The company has a 50-day moving average price of $169.43 and a two-hundred day moving average price of $145.54. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $191.77. The firm has a market cap of $525.45 billion, a P/E ratio of 48.96, a P/E/G ratio of 3.49 and a beta of 1.02.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings data 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 return on equity of 171.38% and a net margin of 20.40%. The firm had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. During the same period in the previous year, the company posted $0.95 earnings per share. The firm's quarterly revenue was up 6.9% on a year-over-year basis. On average, sell-side analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were paid a $0.40 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.84%. Oracle's dividend payout ratio (DPR) is presently 41.24%.

Analysts Set New Price Targets

A number of analysts recently commented on ORCL shares. Guggenheim upped their price objective on Oracle from $185.00 to $200.00 and gave the company a "buy" rating in a research report on Friday, September 13th. Bank of America increased their price objective on shares of Oracle from $155.00 to $175.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 10th. KeyCorp boosted their target price on shares of Oracle from $165.00 to $175.00 and gave the company an "overweight" rating in a research report on Tuesday, September 10th. Barclays increased their price target on shares of Oracle from $160.00 to $172.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 10th. Finally, Mizuho boosted their price objective on shares of Oracle from $170.00 to $185.00 and gave the company an "outperform" rating in a research report on Tuesday, September 10th. Eleven investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $168.52.

Oracle Company 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.