Healthcare of Ontario Pension Plan Trust Fund Trims Holdings in Oracle Co. (NYSE:ORCL)

Healthcare of Ontario Pension Plan Trust Fund decreased its holdings in Oracle Co. (NYSE:ORCLGet Rating) by 82.0% in the 2nd quarter, Holdings Channel reports. The firm owned 18,558 shares of the enterprise software provider’s stock after selling 84,372 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Oracle were worth $1,297,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. First Eagle Investment Management LLC raised its position in Oracle by 0.8% in the 1st quarter. First Eagle Investment Management LLC now owns 25,924,820 shares of the enterprise software provider’s stock valued at $2,144,760,000 after purchasing an additional 204,315 shares during the last quarter. Fisher Asset Management LLC raised its position in Oracle by 4.7% in the 1st quarter. Fisher Asset Management LLC now owns 16,758,831 shares of the enterprise software provider’s stock valued at $1,386,458,000 after purchasing an additional 757,743 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Oracle by 1.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 11,524,116 shares of the enterprise software provider’s stock valued at $953,393,000 after purchasing an additional 117,443 shares during the last quarter. Primecap Management Co. CA raised its position in Oracle by 5.9% during the 1st quarter. Primecap Management Co. CA now owns 10,326,530 shares of the enterprise software provider’s stock worth $854,314,000 after buying an additional 574,160 shares during the last quarter. Finally, Fiera Capital Corp raised its position in Oracle by 1.8% during the 2nd quarter. Fiera Capital Corp now owns 9,473,298 shares of the enterprise software provider’s stock worth $661,899,000 after buying an additional 165,624 shares during the last quarter. Hedge funds and other institutional investors own 41.92% of the company’s stock.

Analyst Ratings Changes

ORCL has been the subject of a number of analyst reports. StockNews.com initiated coverage on shares of Oracle in a research report on Wednesday, October 12th. They set a “buy” rating for the company. Barclays cut their price objective on shares of Oracle from $82.00 to $70.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 18th. Piper Sandler upgraded shares of Oracle from an “underweight” rating to a “neutral” rating and set a $70.00 price objective for the company in a research report on Wednesday, October 19th. Jefferies Financial Group cut their price objective on shares of Oracle from $85.00 to $75.00 and set a “hold” rating for the company in a research report on Friday, October 21st. Finally, Monness Crespi & Hardt assumed coverage on shares of Oracle in a research report on Tuesday, September 13th. They set a “buy” rating and a $113.00 price objective for the company. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $88.58.

Insiders Place Their Bets

In other Oracle news, Director Michael J. Boskin sold 90,000 shares of the firm’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $80.08, for a total transaction of $7,207,200.00. Following the sale, the director now directly owns 82,607 shares of the company’s stock, valued at approximately $6,615,168.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Edward Screven sold 200,000 shares of the stock in a transaction dated Thursday, October 27th. The shares were sold at an average price of $74.90, for a total transaction of $14,980,000.00. Following the transaction, the insider now directly owns 2,543,033 shares in the company, valued at approximately $190,473,171.70. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Michael J. Boskin sold 90,000 shares of the stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $80.08, for a total transaction of $7,207,200.00. Following the transaction, the director now owns 82,607 shares in the company, valued at $6,615,168.56. The disclosure for this sale can be found here. 43.70% of the stock is owned by corporate insiders.

Oracle Trading Up 0.5 %

Shares of NYSE ORCL opened at $82.56 on Friday. The stock has a market cap of $222.60 billion, a price-to-earnings ratio of 39.31, a PEG ratio of 2.50 and a beta of 1.02. Oracle Co. has a 52 week low of $60.78 and a 52 week high of $106.34. The company’s 50-day moving average price is $70.97 and its 200 day moving average price is $72.20.

Oracle (NYSE:ORCLGet Rating) last released its quarterly earnings results on Monday, September 12th. The enterprise software provider reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.07). Oracle had a negative return on equity of 161.07% and a net margin of 13.15%. The firm had revenue of $11.45 billion for the quarter, compared to analyst estimates of $11.44 billion. During the same period in the prior year, the business earned $0.87 earnings per share. Oracle’s revenue for the quarter was up 17.7% on a year-over-year basis. As a group, research analysts expect that Oracle Co. will post 4.11 earnings per share for the current year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 25th. Shareholders of record on Wednesday, October 12th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Tuesday, October 11th. This represents a $1.28 annualized dividend and a dividend yield of 1.55%. Oracle’s dividend payout ratio is currently 60.95%.

About Oracle

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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 Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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