Oracle Co. (NYSE:ORCL) Stock Holdings Lessened by Primecap Management Co. CA

Primecap Management Co. CA decreased its stake in Oracle Co. (NYSE:ORCL - Free Report) by 1.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,633,550 shares of the enterprise software provider's stock after selling 215,170 shares during the period. Oracle accounts for 1.6% of Primecap Management Co. CA's portfolio, making the stock its 16th largest position. Primecap Management Co. CA owned approximately 0.46% of Oracle worth $2,152,757,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in ORCL. Fairway Wealth LLC bought a new stake in Oracle during the 2nd quarter valued at $27,000. POM Investment Strategies LLC bought a new stake in shares of Oracle during the second quarter valued at about $30,000. Bbjs Financial Advisors LLC acquired a new stake in Oracle in the second quarter worth about $35,000. Koesten Hirschmann & Crabtree INC. bought a new position in Oracle in the 1st quarter valued at about $38,000. Finally, Quest Partners LLC acquired a new position in Oracle during the 2nd quarter valued at about $40,000. 42.44% of the stock is currently owned by institutional investors.

Oracle Price Performance

Shares of NYSE:ORCL opened at $190.76 on Thursday. The business has a fifty day simple moving average of $174.39 and a 200 day simple moving average of $148.37. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. 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 $528.61 billion, a price-to-earnings ratio of 49.17, a P/E/G ratio of 3.48 and a beta of 1.02.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, beating the consensus estimate of $1.33 by $0.06. The business had revenue of $13.31 billion during the quarter, compared to analysts' expectations of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm's quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.95 EPS. As a group, sell-side analysts predict that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders 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 dividend yield of 0.84%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle's dividend payout ratio is 41.24%.

Analyst Upgrades and Downgrades

ORCL has been the subject of several recent analyst reports. Oppenheimer reiterated a "market perform" rating on shares of Oracle in a report on Tuesday, September 10th. StockNews.com upgraded Oracle from a "hold" rating to a "buy" rating in a research report on Wednesday. Sanford C. Bernstein upped their price objective on Oracle from $201.00 to $202.00 and gave the company an "outperform" rating in a report on Monday, September 30th. Guggenheim lifted their target price on Oracle from $185.00 to $200.00 and gave the stock a "buy" rating in a report on Friday, September 13th. Finally, Mizuho upped their price target on shares of Oracle from $170.00 to $185.00 and gave the company an "outperform" rating in a 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. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $169.52.

Insider Activity at Oracle

In related news, EVP Maria Smith sold 6,320 shares of Oracle 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 transaction, the executive vice president now owns 42,889 shares in the company, valued at $7,076,685. This trade represents a 12.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 42.20% of the stock is owned by company insiders.

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.

Want to see what other hedge funds are holding ORCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oracle Co. (NYSE:ORCL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.