Mutual of America Capital Management LLC Trims Position in Oracle Co. (NYSE:ORCL)

Mutual of America Capital Management LLC cut its stake in shares of Oracle Co. (NYSE:ORCL - Free Report) by 2.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 196,799 shares of the enterprise software provider's stock after selling 4,235 shares during the period. Oracle accounts for approximately 0.4% of Mutual of America Capital Management LLC's portfolio, making the stock its 28th largest holding. Mutual of America Capital Management LLC's holdings in Oracle were worth $33,535,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Eagle Rock Investment Company LLC lifted its position in Oracle by 0.4% during the third quarter. Eagle Rock Investment Company LLC now owns 17,626 shares of the enterprise software provider's stock valued at $3,003,000 after purchasing an additional 64 shares during the last quarter. W Advisors LLC lifted its holdings in shares of Oracle by 3.1% in the 3rd quarter. W Advisors LLC now owns 2,158 shares of the enterprise software provider's stock valued at $368,000 after acquiring an additional 64 shares during the last quarter. Versant Capital Management Inc increased its stake in Oracle by 1.7% during the third quarter. Versant Capital Management Inc now owns 3,957 shares of the enterprise software provider's stock worth $674,000 after acquiring an additional 65 shares during the last quarter. Oak Ridge Investments LLC increased its stake in Oracle by 3.9% during the third quarter. Oak Ridge Investments LLC now owns 1,730 shares of the enterprise software provider's stock worth $295,000 after acquiring an additional 65 shares during the last quarter. Finally, Trust Point Inc. raised its position in Oracle by 0.5% during the third quarter. Trust Point Inc. now owns 13,606 shares of the enterprise software provider's stock valued at $2,318,000 after purchasing an additional 66 shares during the period. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Stock Down 1.8 %

Shares of NYSE:ORCL traded down $3.31 on Friday, reaching $183.74. The company had a trading volume of 8,986,276 shares, compared to its average volume of 5,993,277. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. The firm has a market capitalization of $509.15 billion, a PE ratio of 47.36, a PEG ratio of 3.39 and a beta of 1.02. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $191.77. The firm's 50 day simple moving average is $172.14 and its 200-day simple moving average is $146.83.

Oracle (NYSE:ORCL - Get Free Report) last posted its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) 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 company had revenue of $13.31 billion for 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 quarterly revenue was up 6.9% compared to the same quarter last year. As a group, analysts expect that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company 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 was Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.87%. Oracle's dividend payout ratio (DPR) is 41.24%.

Insiders Place Their Bets

In other Oracle news, EVP Maria Smith sold 6,320 shares of the company's 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 transaction, the executive vice president now owns 42,889 shares in the company, valued at approximately $7,076,685. This represents a 12.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 42.20% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ORCL shares. KeyCorp boosted their target price on Oracle from $190.00 to $200.00 and gave the company an "overweight" rating in a research report on Friday. Morgan Stanley lifted their price objective on shares of Oracle from $125.00 to $145.00 and gave the stock an "equal weight" rating in a research note on Tuesday, September 10th. Melius Research upgraded shares of Oracle from a "hold" rating to a "buy" rating in a report on Monday, September 16th. Oppenheimer reiterated a "market perform" rating on shares of Oracle in a report on Tuesday, September 10th. Finally, Barclays raised their price objective on shares of Oracle from $160.00 to $172.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 10th. Eleven research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat, Oracle currently has an average rating of "Moderate Buy" and an average price target of $169.52.

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.