Oracle Co. (NYSE:ORCL) is Brown Brothers Harriman & Co.’s 6th Largest Position

Brown Brothers Harriman & Co. lowered its position in shares of Oracle Co. (NYSE:ORCL) by 1.5% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 3,564,495 shares of the enterprise software provider’s stock after selling 55,916 shares during the quarter. Oracle comprises about 3.8% of Brown Brothers Harriman & Co.’s portfolio, making the stock its 6th largest position. Brown Brothers Harriman & Co.’s holdings in Oracle were worth $503,307,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Westend Capital Management LLC acquired a new position in Oracle during the first quarter valued at $25,000. POM Investment Strategies LLC acquired a new position in shares of Oracle in the 2nd quarter valued at about $30,000. Bbjs Financial Advisors LLC purchased a new stake in shares of Oracle in the second quarter worth about $35,000. Tidemark LLC acquired a new stake in Oracle during the fourth quarter worth about $29,000. Finally, Frank Rimerman Advisors LLC purchased a new position in Oracle during the fourth quarter valued at approximately $30,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ORCL has been the topic of a number of analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Oracle from $110.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. JMP Securities raised shares of Oracle from a “market perform” rating to an “outperform” rating and set a $175.00 price objective for the company in a report on Tuesday, September 10th. Mizuho raised their target price on Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. BMO Capital Markets lifted their price target on Oracle from $160.00 to $173.00 and gave the company a “market perform” rating in a research note on Tuesday, September 10th. Finally, Citigroup raised their price objective on Oracle from $140.00 to $157.00 and gave the company a “neutral” rating in a report on Wednesday, September 11th. Eleven investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and a consensus target price of $161.13.

Insider Transactions at Oracle

In other Oracle news, Director Leon E. Panetta sold 15,000 shares of the company’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $137.89, for a total value of $2,068,350.00. Following the transaction, the director now owns 58,090 shares of the company’s stock, valued at $8,010,030.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of Oracle stock in a transaction on Monday, July 15th. The stock was sold at an average price of $143.69, for a total value of $161,651,250.00. Following the completion of the sale, the chairman now directly owns 1,145,732,353 shares of the company’s stock, valued at $164,630,281,802.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Leon E. Panetta sold 15,000 shares of the stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $137.89, for a total value of $2,068,350.00. Following the transaction, the director now directly owns 58,090 shares in the company, valued at approximately $8,010,030.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,862,500 shares of company stock worth $266,776,624. 42.80% of the stock is currently owned by company insiders.

Oracle Trading Up 0.4 %

Shares of ORCL opened at $162.03 on Monday. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $173.93. The firm has a market capitalization of $446.53 billion, a P/E ratio of 43.67, a P/E/G ratio of 2.89 and a beta of 1.01. The firm has a 50-day moving average price of $139.85 and a 200 day moving average price of $130.16. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.06. The business had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.95 EPS. Sell-side analysts forecast that Oracle Co. will post 5.03 EPS for the current year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend is Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is presently 43.13%.

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.