Indiana Trust & Investment Management CO lessened its holdings in Oracle Co. (NYSE:ORCL) by 3.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 56,213 shares of the enterprise software provider’s stock after selling 2,219 shares during the quarter. Oracle comprises 1.3% of Indiana Trust & Investment Management CO’s portfolio, making the stock its 14th largest position. Indiana Trust & Investment Management CO’s holdings in Oracle were worth $2,898,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC grew its holdings in shares of Oracle by 21.4% during the second quarter. FMR LLC now owns 47,683,832 shares of the enterprise software provider’s stock valued at $2,100,949,000 after buying an additional 8,401,411 shares during the last quarter. Magellan Asset Management Ltd grew its holdings in shares of Oracle by 0.3% during the second quarter. Magellan Asset Management Ltd now owns 27,663,584 shares of the enterprise software provider’s stock valued at $1,218,858,000 after buying an additional 85,349 shares during the last quarter. Vulcan Value Partners LLC grew its holdings in shares of Oracle by 3.8% during the second quarter. Vulcan Value Partners LLC now owns 25,019,520 shares of the enterprise software provider’s stock valued at $1,102,360,000 after buying an additional 922,785 shares during the last quarter. Artisan Partners Limited Partnership grew its holdings in shares of Oracle by 3.9% during the second quarter. Artisan Partners Limited Partnership now owns 15,661,304 shares of the enterprise software provider’s stock valued at $690,037,000 after buying an additional 584,748 shares during the last quarter. Finally, Macquarie Group Ltd. grew its holdings in shares of Oracle by 4.4% during the second quarter. Macquarie Group Ltd. now owns 15,551,321 shares of the enterprise software provider’s stock valued at $685,187,000 after buying an additional 661,718 shares during the last quarter. Institutional investors and hedge funds own 53.43% of the company’s stock.

ORCL has been the topic of a number of recent analyst reports. TheStreet upgraded shares of Oracle from a “c+” rating to a “b” rating in a report on Tuesday, June 19th. Credit Suisse Group set a $60.00 price target on shares of Oracle and gave the company a “buy” rating in a report on Monday, June 18th. Nomura cut their price target on shares of Oracle from $60.00 to $59.00 and set a “buy” rating on the stock in a report on Friday, June 29th. Goldman Sachs Group restated a “buy” rating and issued a $55.00 target price on shares of Oracle in a report on Tuesday, September 18th. Finally, ValuEngine upgraded shares of Oracle from a “sell” rating to a “hold” rating in a report on Monday, July 2nd. Sixteen analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $53.92.

In other Oracle news, EVP Dorian Daley sold 131,696 shares of the stock in a transaction that occurred on Monday, September 24th. The shares were sold at an average price of $50.93, for a total value of $6,707,277.28. Following the transaction, the executive vice president now directly owns 109,615 shares in the company, valued at $5,582,691.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $47.77, for a total transaction of $179,137.50. Following the sale, the director now owns 27,969 shares in the company, valued at $1,336,079.13. The disclosure for this sale can be found here. Insiders sold 184,196 shares of company stock worth $9,235,790 over the last quarter. Insiders own 32.00% of the company’s stock.

ORCL opened at $47.38 on Friday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 3.43 and a current ratio of 3.43. Oracle Co. has a 1-year low of $42.57 and a 1-year high of $53.48. The company has a market capitalization of $213.44 billion, a price-to-earnings ratio of 16.80, a price-to-earnings-growth ratio of 1.72 and a beta of 1.14.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, September 17th. The enterprise software provider reported $0.71 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.03. Oracle had a net margin of 9.74% and a return on equity of 25.60%. The business had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.26 billion. During the same period last year, the firm earned $0.62 earnings per share. The company’s quarterly revenue was up .8% on a year-over-year basis. On average, equities analysts anticipate that Oracle Co. will post 3.07 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 30th. Shareholders of record on Tuesday, October 16th will be given a $0.19 dividend. The ex-dividend date of this dividend is Monday, October 15th. This represents a $0.76 annualized dividend and a yield of 1.60%. Oracle’s payout ratio is presently 26.95%.

Oracle announced that its Board of Directors has approved a stock buyback plan on Monday, September 17th that permits the company to buyback $12.00 billion in outstanding shares. This buyback authorization permits the enterprise software provider to repurchase up to 5.9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Oracle 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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