TD Asset Management Inc. decreased its holdings in Oracle Co. (NYSE:ORCL) by 7.6% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 3,308,750 shares of the enterprise software provider’s stock after selling 271,125 shares during the quarter. TD Asset Management Inc.’s holdings in Oracle were worth $188,500,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ORCL. Norges Bank purchased a new position in Oracle in the fourth quarter worth $1,235,719,000. Assenagon Asset Management S.A. grew its holdings in Oracle by 1,540.3% in the first quarter. Assenagon Asset Management S.A. now owns 2,380,038 shares of the enterprise software provider’s stock worth $127,832,000 after purchasing an additional 2,234,942 shares during the last quarter. PGGM Investments grew its holdings in shares of Oracle by 1,064.6% during the second quarter. PGGM Investments now owns 2,258,315 shares of the enterprise software provider’s stock valued at $128,656,000 after buying an additional 2,064,403 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of Oracle by 132.2% during the second quarter. Robeco Institutional Asset Management B.V. now owns 3,507,235 shares of the enterprise software provider’s stock valued at $199,811,000 after buying an additional 1,996,744 shares during the last quarter. Finally, First Trust Advisors LP grew its holdings in shares of Oracle by 35.5% during the second quarter. First Trust Advisors LP now owns 3,794,527 shares of the enterprise software provider’s stock valued at $216,174,000 after buying an additional 993,629 shares during the last quarter. 54.23% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have recently weighed in on ORCL. JPMorgan Chase & Co. reissued a “neutral” rating and set a $53.00 price objective on shares of Oracle in a report on Tuesday, June 18th. UBS Group reissued a “neutral” rating and set a $54.00 price objective on shares of Oracle in a report on Friday, June 14th. ValuEngine lowered shares of Oracle from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Barclays boosted their price objective on shares of Oracle from $55.00 to $59.00 and gave the company an “equal weight” rating in a report on Thursday, June 20th. Finally, Morgan Stanley boosted their price objective on shares of Oracle from $54.00 to $59.00 and gave the company an “equal weight” rating in a report on Tuesday, May 21st. Three investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and nine have given a buy rating to the stock. Oracle has a consensus rating of “Hold” and an average target price of $54.58.

In other Oracle news, CAO W Corey West sold 50,000 shares of the company’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $56.25, for a total value of $2,812,500.00. Following the completion of the transaction, the chief accounting officer now owns 85,348 shares in the company, valued at $4,800,825. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Mark V. Hurd sold 787,500 shares of the company’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $56.29, for a total transaction of $44,328,375.00. Following the completion of the transaction, the chief executive officer now owns 874,871 shares of the company’s stock, valued at approximately $49,246,488.59. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,356,250 shares of company stock valued at $76,913,375. Insiders own 32.00% of the company’s stock.

NYSE ORCL traded up $0.70 on Tuesday, reaching $53.95. 567,828 shares of the company’s stock traded hands, compared to its average volume of 10,511,830. The stock has a market cap of $179.80 billion, a price-to-earnings ratio of 17.08, a price-to-earnings-growth ratio of 1.57 and a beta of 1.15. The business has a 50 day moving average of $57.39. Oracle Co. has a fifty-two week low of $42.40 and a fifty-two week high of $60.50. The company has a debt-to-equity ratio of 2.31, a quick ratio of 2.49 and a current ratio of 2.49.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Wednesday, June 19th. The enterprise software provider reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.18. The business had revenue of $11.14 billion during the quarter, compared to the consensus estimate of $10.93 billion. Oracle had a net margin of 28.06% and a return on equity of 40.95%. The company’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.99 earnings per share. On average, analysts expect that Oracle Co. will post 3.5 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th were given a $0.24 dividend. The ex-dividend date was Tuesday, July 16th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.78%. Oracle’s dividend payout ratio (DPR) is currently 30.38%.

Oracle Company Profile

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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