Securian Asset Management Inc cut its position in shares of Oracle Co. (NYSE:ORCL) by 4.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 253,121 shares of the enterprise software provider’s stock after selling 10,442 shares during the quarter. Securian Asset Management Inc’s holdings in Oracle were worth $14,420,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Evolution Wealth Advisors LLC increased its stake in Oracle by 346.0% during the second quarter. Evolution Wealth Advisors LLC now owns 446 shares of the enterprise software provider’s stock worth $25,000 after acquiring an additional 346 shares during the last quarter. Investors Research Corp acquired a new stake in Oracle during the first quarter worth about $30,000. Next Capital Management LLC acquired a new stake in Oracle during the second quarter worth about $36,000. Covenant Multifamily Offices LLC purchased a new stake in shares of Oracle in the first quarter worth about $35,000. Finally, Mizuho Securities Co. Ltd. purchased a new stake in shares of Oracle in the second quarter worth about $40,000. Institutional investors own 53.71% of the company’s stock.

ORCL traded down $0.48 on Tuesday, reaching $53.39. The company’s stock had a trading volume of 2,611,536 shares, compared to its average volume of 10,435,984. The stock has a market cap of $178.77 billion, a price-to-earnings ratio of 16.89, a price-to-earnings-growth ratio of 1.56 and a beta of 1.15. Oracle Co. has a 1 year low of $42.40 and a 1 year high of $60.50. The company has a debt-to-equity ratio of 2.31, a current ratio of 2.49 and a quick ratio of 2.49. The business’s 50 day moving average is $56.90 and its 200 day moving average is $54.28.

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

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date was Tuesday, July 16th. Oracle’s dividend payout ratio is currently 30.38%.

In other Oracle news, CEO Mark V. Hurd sold 787,500 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 874,871 shares of the company’s stock, valued at approximately $49,246,488.59. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Naomi O. Seligman sold 90,000 shares of the stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $59.52, for a total value of $5,356,800.00. Following the transaction, the director now directly owns 82,310 shares in the company, valued at approximately $4,899,091.20. The disclosure for this sale can be found here. Insiders sold 1,352,500 shares of company stock valued at $76,708,925 in the last three months. 32.00% of the stock is currently owned by company insiders.

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $53.00 target price on shares of Oracle in a research report on Tuesday, June 18th. UBS Group reaffirmed a “neutral” rating and issued a $54.00 target price on shares of Oracle in a research report on Friday, June 14th. Goldman Sachs Group reaffirmed a “buy” rating and issued a $58.00 target price on shares of Oracle in a research report on Thursday, June 20th. Wells Fargo & Co upped their target price on Oracle from $60.00 to $65.00 and gave the stock an “outperform” rating in a research report on Thursday, June 20th. Finally, Morgan Stanley upped their target price on Oracle from $54.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 21st. Three equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $55.14.

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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