Telemus Capital LLC Trims Stake in Oracle Co. (NYSE:ORCL)

Telemus Capital LLC reduced its position in Oracle Co. (NYSE:ORCL) by 7.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 43,591 shares of the enterprise software provider’s stock after selling 3,603 shares during the period. Telemus Capital LLC’s holdings in Oracle were worth $5,191,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in ORCL. Fairfield Bush & CO. lifted its holdings in shares of Oracle by 3.1% in the 1st quarter. Fairfield Bush & CO. now owns 73,791 shares of the enterprise software provider’s stock valued at $6,105,000 after purchasing an additional 2,221 shares during the last quarter. AMI Investment Management Inc. lifted its holdings in shares of Oracle by 2.9% in the 1st quarter. AMI Investment Management Inc. now owns 20,467 shares of the enterprise software provider’s stock valued at $1,693,000 after purchasing an additional 579 shares during the last quarter. Baird Financial Group Inc. lifted its holdings in shares of Oracle by 29.2% in the 1st quarter. Baird Financial Group Inc. now owns 588,460 shares of the enterprise software provider’s stock valued at $48,686,000 after purchasing an additional 132,920 shares during the last quarter. Zions Bancorporation N.A. raised its stake in Oracle by 79.6% during the 1st quarter. Zions Bancorporation N.A. now owns 6,854 shares of the enterprise software provider’s stock valued at $567,000 after acquiring an additional 3,038 shares during the last quarter. Finally, Covestor Ltd raised its stake in Oracle by 125.2% during the 1st quarter. Covestor Ltd now owns 1,995 shares of the enterprise software provider’s stock valued at $165,000 after acquiring an additional 1,109 shares during the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Trading Up 0.2 %

Shares of ORCL traded up $0.25 during trading hours on Friday, hitting $113.91. The stock had a trading volume of 23,215,012 shares, compared to its average volume of 13,743,533. The company has a debt-to-equity ratio of 29.72, a quick ratio of 0.91 and a current ratio of 0.87. The firm has a market cap of $312.09 billion, a P/E ratio of 33.90, a P/E/G ratio of 2.97 and a beta of 1.00. The company’s fifty day simple moving average is $117.29 and its 200 day simple moving average is $105.95. Oracle Co. has a 12-month low of $60.78 and a 12-month high of $127.54.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, September 11th. The enterprise software provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.04. Oracle had a negative return on equity of 3,631.39% and a net margin of 18.40%. The business had revenue of $12.45 billion for the quarter, compared to analyst estimates of $12.48 billion. During the same period last year, the company posted $0.81 EPS. The business’s quarterly revenue was up 8.8% on a year-over-year basis. Equities research analysts forecast that Oracle Co. will post 4.49 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 26th. Shareholders of record on Thursday, October 12th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.40%. The ex-dividend date is Wednesday, October 11th. Oracle’s dividend payout ratio (DPR) is presently 47.62%.

Wall Street Analyst Weigh In

Several analysts have commented on ORCL shares. StockNews.com started coverage on Oracle in a research note on Thursday, August 17th. They set a “hold” rating for the company. Morgan Stanley upped their price objective on Oracle from $105.00 to $106.00 and gave the company an “equal weight” rating in a research note on Tuesday. JPMorgan Chase & Co. downgraded Oracle from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $112.00 to $100.00 in a research note on Wednesday. Guggenheim upped their price objective on Oracle from $120.00 to $150.00 in a research note on Tuesday, June 13th. Finally, Jefferies Financial Group boosted their target price on Oracle from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, September 7th. Twelve equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $123.06.

Insider Buying and Selling at Oracle

In other Oracle news, insider Edward Screven sold 354,837 shares of the firm’s stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $123.39, for a total value of $43,783,337.43. Following the transaction, the insider now directly owns 2,543,033 shares of the company’s stock, valued at $313,784,841.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Maria Smith sold 3,680 shares of the firm’s stock in a transaction dated Friday, July 7th. The stock was sold at an average price of $115.00, for a total transaction of $423,200.00. Following the completion of the sale, the executive vice president now directly owns 16,600 shares in the company, valued at $1,909,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Edward Screven sold 354,837 shares of the firm’s stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $123.39, for a total value of $43,783,337.43. Following the sale, the insider now owns 2,543,033 shares of the company’s stock, valued at $313,784,841.87. The disclosure for this sale can be found here. Insiders have sold 3,949,837 shares of company stock valued at $482,142,887 over the last three months. 43.70% of the stock is owned by company insiders.

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.