Toronto Dominion Bank Sells 57,714 Shares of Oracle Co. (NYSE:ORCL)

Toronto Dominion Bank cut its holdings in shares of Oracle Co. (NYSE:ORCL - Free Report) by 8.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 589,602 shares of the enterprise software provider's stock after selling 57,714 shares during the quarter. Toronto Dominion Bank's holdings in Oracle were worth $100,468,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Principal Financial Group Inc. lifted its stake in Oracle by 5.3% in the 3rd quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider's stock valued at $411,748,000 after purchasing an additional 121,874 shares during the last quarter. Itau Unibanco Holding S.A. lifted its position in shares of Oracle by 15.3% in the second quarter. Itau Unibanco Holding S.A. now owns 24,800 shares of the enterprise software provider's stock valued at $3,502,000 after buying an additional 3,300 shares during the last quarter. Chase Investment Counsel Corp bought a new position in shares of Oracle during the 3rd quarter worth approximately $4,160,000. Oppenheimer Asset Management Inc. raised its stake in Oracle by 79.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 286,460 shares of the enterprise software provider's stock valued at $48,813,000 after acquiring an additional 126,985 shares during the period. Finally, Miura Global Management LLC acquired a new stake in Oracle during the 3rd quarter valued at $1,704,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Trading Up 0.6 %

Shares of Oracle stock traded up $1.13 on Wednesday, reaching $178.87. 8,997,122 shares of the company's stock were exchanged, compared to its average volume of 8,383,841. 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 52 week low of $99.26 and a 52 week high of $198.31. The firm's 50-day moving average is $179.97 and its two-hundred day moving average is $155.06. The company has a market capitalization of $495.66 billion, a P/E ratio of 46.06, a price-to-earnings-growth ratio of 3.49 and a beta of 1.03.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a net margin of 20.40% and a return on equity of 171.38%. The business had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. During the same period in the previous year, the business posted $1.34 EPS. The business's revenue for the quarter was up 8.6% compared to the same quarter last year. Sell-side analysts predict that Oracle Co. will post 5.06 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Thursday, January 9th will be given a $0.40 dividend. The ex-dividend date is Thursday, January 9th. This represents a $1.60 annualized dividend and a yield of 0.89%. Oracle's dividend payout ratio is currently 41.24%.

Insider Buying and Selling at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the firm'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 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 trade represents a 12.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 42.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. JMP Securities restated a "market outperform" rating and set a $205.00 price objective on shares of Oracle in a report on Tuesday. Citigroup boosted their price target on Oracle from $157.00 to $194.00 and gave the company a "neutral" rating in a research note on Tuesday. Morgan Stanley increased their price objective on Oracle from $145.00 to $175.00 and gave the stock an "equal weight" rating in a research report on Tuesday. Evercore ISI boosted their target price on shares of Oracle from $190.00 to $200.00 and gave the company an "outperform" rating in a research report on Tuesday. Finally, Sanford C. Bernstein raised their price target on shares of Oracle from $201.00 to $202.00 and gave the stock an "outperform" rating in a research report on Monday, September 30th. Twelve research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $181.48.

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.