World Asset Management Inc cut its position in shares of Oracle Co. (NYSE:ORCL) by 6.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 71,377 shares of the enterprise software provider’s stock after selling 5,111 shares during the quarter. World Asset Management Inc’s holdings in Oracle were worth $4,261,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. AXA increased its position in shares of Oracle by 1.7% during the first quarter. AXA now owns 2,441,764 shares of the enterprise software provider’s stock valued at $118,011,000 after buying an additional 40,672 shares during the period. Cim Investment Mangement Inc. raised its stake in shares of Oracle by 3.4% in the first quarter. Cim Investment Mangement Inc. now owns 9,700 shares of the enterprise software provider’s stock worth $469,000 after purchasing an additional 319 shares during the last quarter. Sculati Wealth Management LLC boosted its position in shares of Oracle by 13.2% during the first quarter. Sculati Wealth Management LLC now owns 29,383 shares of the enterprise software provider’s stock valued at $1,420,000 after buying an additional 3,416 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Oracle by 6.5% during the first quarter. The Manufacturers Life Insurance Company now owns 7,100,226 shares of the enterprise software provider’s stock valued at $343,154,000 after buying an additional 435,999 shares during the last quarter. Finally, Quantum Capital Management increased its holdings in Oracle by 10,087.7% in the 1st quarter. Quantum Capital Management now owns 6,622 shares of the enterprise software provider’s stock worth $320,000 after buying an additional 6,557 shares in the last quarter. 48.24% of the stock is currently owned by institutional investors.

A number of brokerages have recently issued reports on ORCL. UBS Group assumed coverage on shares of Oracle in a report on Wednesday, October 14th. They set a “neutral” rating and a $62.00 price target on the stock. BNP Paribas raised shares of Oracle to a “buy” rating and set a $64.00 target price for the company in a research report on Thursday, September 24th. Piper Sandler boosted their target price on shares of Oracle from $44.00 to $50.00 and gave the company a “neutral” rating in a research note on Friday, September 11th. Wells Fargo & Company raised their price target on Oracle from $62.50 to $68.75 and gave the stock an “overweight” rating in a research note on Friday, September 11th. Finally, Bank of America upped their price objective on Oracle from $60.00 to $65.00 and gave the company a “neutral” rating in a research report on Friday, September 11th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $60.68.

In related news, EVP Dorian Daley sold 112,500 shares of Oracle stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $60.95, for a total transaction of $6,856,875.00. Following the completion of the sale, the executive vice president now owns 112,500 shares of the company’s stock, valued at $6,856,875. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO W Corey West sold 4,793 shares of the company’s stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $61.11, for a total value of $292,900.23. Following the completion of the sale, the chief accounting officer now owns 115,006 shares in the company, valued at approximately $7,028,016.66. The disclosure for this sale can be found here. Insiders have sold 129,673 shares of company stock valued at $7,906,167 over the last quarter. Insiders own 39.10% of the company’s stock.

NYSE:ORCL traded up $0.21 during midday trading on Friday, reaching $59.90. 9,739,283 shares of the stock traded hands, compared to its average volume of 8,677,045. The stock has a market capitalization of $180.35 billion, a PE ratio of 18.78, a price-to-earnings-growth ratio of 1.76 and a beta of 0.79. Oracle Co. has a 12-month low of $39.71 and a 12-month high of $62.60. The company has a debt-to-equity ratio of 6.68, a quick ratio of 2.66 and a current ratio of 2.66. The business has a 50-day moving average of $59.25 and a two-hundred day moving average of $55.56.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Thursday, September 10th. The enterprise software provider reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.07. Oracle had a return on equity of 85.71% and a net margin of 26.13%. The business had revenue of $9.37 billion for the quarter, compared to the consensus estimate of $9.15 billion. During the same period in the prior year, the firm posted $0.81 earnings per share. Research analysts anticipate that Oracle Co. will post 3.77 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, October 22nd. Shareholders of record on Thursday, October 8th were issued a $0.24 dividend. The ex-dividend date was Wednesday, October 7th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.60%. Oracle’s dividend payout ratio is currently 27.75%.

About Oracle

Oracle Corporation provides products and services that address enterprise information technology environments worldwide. The company's cloud and license business engages in the sale, marketing, and delivery of its applications and infrastructure technologies through cloud and on-premise deployment models, including cloud services and license support; and cloud license and on-premise license.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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