Curbstone Financial Management Corp Sells 1,350 Shares of Oracle Co. (NYSE:ORCL)

Curbstone Financial Management Corp cut its stake in shares of Oracle Co. (NYSE:ORCL) by 9.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,400 shares of the enterprise software provider’s stock after selling 1,350 shares during the quarter. Curbstone Financial Management Corp’s holdings in Oracle were worth $1,477,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new stake in Oracle during the 4th quarter valued at $1,409,896,000. Moneta Group Investment Advisors LLC increased its stake in shares of Oracle by 112,785.9% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 10,832,530 shares of the enterprise software provider’s stock valued at $885,451,000 after buying an additional 10,822,934 shares in the last quarter. Harris Associates L P raised its holdings in shares of Oracle by 31.3% in the fourth quarter. Harris Associates L P now owns 19,160,481 shares of the enterprise software provider’s stock valued at $1,566,178,000 after buying an additional 4,570,472 shares during the last quarter. Putnam Investments LLC lifted its position in Oracle by 50.0% during the 1st quarter. Putnam Investments LLC now owns 10,989,627 shares of the enterprise software provider’s stock worth $1,021,156,000 after buying an additional 3,664,269 shares in the last quarter. Finally, Neuberger Berman Group LLC grew its holdings in Oracle by 89.8% during the 4th quarter. Neuberger Berman Group LLC now owns 6,929,363 shares of the enterprise software provider’s stock worth $565,961,000 after acquiring an additional 3,277,738 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ORCL. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Oracle from $120.00 to $135.00 in a research note on Tuesday, June 13th. UBS Group dropped their price objective on shares of Oracle from $140.00 to $135.00 and set a “buy” rating for the company in a research report on Tuesday. Bank of America increased their price objective on Oracle from $112.00 to $132.00 in a research report on Tuesday, June 13th. DZ Bank upgraded Oracle from a “hold” rating to a “buy” rating and set a $125.00 target price for the company in a research report on Thursday. Finally, Citigroup upped their price target on Oracle from $121.00 to $138.00 and gave the company a “neutral” rating in a research note on Monday. Thirteen investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Oracle currently has a consensus rating of “Hold” and an average target price of $122.22.

Insider Buying and Selling at Oracle

In other Oracle news, Director Michael J. Boskin sold 90,000 shares of the business’s stock in a transaction that occurred on Friday, June 23rd. The stock was sold at an average price of $118.83, for a total value of $10,694,700.00. Following the sale, the director now owns 87,473 shares in the company, valued at approximately $10,394,416.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Oracle news, Director Michael J. Boskin sold 90,000 shares of Oracle stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $118.83, for a total value of $10,694,700.00. Following the sale, the director now directly owns 87,473 shares in the company, valued at approximately $10,394,416.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Edward Screven sold 220,740 shares of the stock in a transaction dated Friday, June 16th. The stock was sold at an average price of $126.42, for a total transaction of $27,905,950.80. Following the transaction, the insider now owns 2,543,033 shares of the company’s stock, valued at $321,490,231.86. The disclosure for this sale can be found here. Insiders have sold 4,170,577 shares of company stock valued at $510,048,838 in the last 90 days. 43.70% of the stock is currently owned by company insiders.

Oracle Trading Up 2.1 %

Oracle stock traded up $2.30 during mid-day trading on Thursday, hitting $114.14. 5,968,152 shares of the company’s stock were exchanged, compared to its average volume of 8,983,708. Oracle Co. has a fifty-two week low of $60.78 and a fifty-two week high of $127.54. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 55.54. The firm has a market capitalization of $309.81 billion, a P/E ratio of 36.55, a PEG ratio of 3.48 and a beta of 1.00. The company’s 50 day simple moving average is $117.41 and its 200-day simple moving average is $105.85.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, September 11th. The enterprise software provider reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.04. Oracle had a negative return on equity of 470.73% and a net margin of 17.02%. The business had revenue of $12.45 billion for the quarter, compared to analysts’ expectations of $12.48 billion. During the same quarter in the previous year, the business posted $0.81 EPS. Oracle’s revenue for the quarter was up 8.8% on a year-over-year basis. On average, equities analysts anticipate that Oracle Co. will post 4.5 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 26th. Investors of record on Thursday, October 12th will be issued a dividend of $0.40 per share. The ex-dividend date is Wednesday, October 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.40%. Oracle’s payout ratio is 52.29%.

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.