Oracle Co. (NYSE:ORCL) Shares Sold by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board lowered its position in shares of Oracle Co. (NYSE:ORCL - Free Report) by 66.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,791 shares of the enterprise software provider's stock after selling 5,622 shares during the quarter. Ontario Teachers Pension Plan Board's holdings in Oracle were worth $476,000 as of its most recent filing with the SEC.

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

Analyst Ratings Changes

Several research analysts have issued reports on the company. UBS Group reiterated a "market outperform" rating on shares of Oracle in a research report on Friday, October 18th. KeyCorp raised their price objective on shares of Oracle from $190.00 to $200.00 and gave the company an "overweight" rating in a research note on Friday, November 15th. Guggenheim boosted their price objective on shares of Oracle from $185.00 to $200.00 and gave the stock a "buy" rating in a report on Friday, September 13th. DA Davidson increased their target price on shares of Oracle from $105.00 to $140.00 and gave the company a "neutral" rating in a report on Tuesday, September 10th. Finally, Evercore ISI boosted their target price on Oracle from $160.00 to $175.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 10th. Eleven analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $169.52.

Oracle Trading Up 1.1 %

NYSE ORCL opened at $192.81 on Friday. 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 one year low of $99.26 and a one year high of $196.04. The company's 50 day moving average price is $175.02 and its 200 day moving average price is $148.68. The firm has a market capitalization of $534.29 billion, a price-to-earnings ratio of 49.69, a PEG ratio of 3.48 and a beta of 1.02.

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 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 business 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 business posted $0.95 EPS. The business's quarterly revenue was up 6.9% on a year-over-year basis. On average, sell-side analysts predict that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date was Thursday, October 10th. Oracle's payout ratio is 41.24%.

Insiders Place Their Bets

In related news, EVP Maria Smith sold 6,320 shares of the company's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the sale, the executive vice president now directly owns 42,889 shares of the company's stock, valued at $7,076,685. This represents a 12.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 42.20% of the stock is currently owned by company insiders.

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.