Citadel Investment Advisory Inc. Sells 550 Shares of Oracle Co. (NYSE:ORCL)

Citadel Investment Advisory Inc. trimmed its holdings in shares of Oracle Co. (NYSE:ORCL) by 2.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 22,242 shares of the enterprise software provider’s stock after selling 550 shares during the period. Oracle makes up 1.7% of Citadel Investment Advisory Inc.’s investment portfolio, making the stock its 12th largest holding. Citadel Investment Advisory Inc.’s holdings in Oracle were worth $2,649,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of ORCL. BlackRock Inc. raised its position in shares of Oracle by 1.4% during the first quarter. BlackRock Inc. now owns 117,130,967 shares of the enterprise software provider’s stock worth $10,883,809,000 after purchasing an additional 1,618,027 shares during the period. State Street Corp raised its position in Oracle by 2.6% in the 1st quarter. State Street Corp now owns 62,586,810 shares of the enterprise software provider’s stock valued at $5,815,566,000 after buying an additional 1,570,528 shares during the last quarter. Geode Capital Management LLC raised its position in Oracle by 0.5% in the 1st quarter. Geode Capital Management LLC now owns 27,753,778 shares of the enterprise software provider’s stock valued at $2,572,592,000 after buying an additional 136,383 shares during the last quarter. FMR LLC raised its position in Oracle by 12.2% in the 1st quarter. FMR LLC now owns 24,369,890 shares of the enterprise software provider’s stock valued at $2,264,450,000 after buying an additional 2,644,377 shares during the last quarter. Finally, Morgan Stanley raised its position in Oracle by 9.6% in the 4th quarter. Morgan Stanley now owns 20,502,544 shares of the enterprise software provider’s stock valued at $1,675,878,000 after buying an additional 1,794,080 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft increased their price target on Oracle from $120.00 to $135.00 in a research report on Tuesday, June 13th. BMO Capital Markets increased their price target on Oracle from $96.00 to $132.00 in a research report on Tuesday, June 13th. Evercore ISI increased their price target on Oracle from $125.00 to $131.00 and gave the company an “in-line” rating in a research report on Tuesday, September 12th. Bank of America raised their target price on Oracle from $112.00 to $132.00 in a research report on Tuesday, June 13th. Finally, DA Davidson decreased their target price on Oracle from $115.00 to $104.00 and set a “neutral” rating for the company in a research report on Tuesday, September 12th. Twelve analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $123.06.

Insiders Place Their Bets

In other Oracle news, insider Edward Screven sold 354,837 shares of Oracle stock in a transaction that occurred on 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 approximately $313,784,841.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Edward Screven sold 354,837 shares of Oracle stock in a transaction that occurred on 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 sale, the insider now directly owns 2,543,033 shares in the company, valued at approximately $313,784,841.87. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Lawrence Joseph Ellison sold 1,750,000 shares of Oracle stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $123.10, for a total value of $215,425,000.00. Following the completion of the sale, the chairman now owns 1,145,732,353 shares in the company, valued at $141,039,652,654.30. The disclosure for this sale can be found here. Insiders have sold 3,949,837 shares of company stock valued at $482,142,887 in the last ninety days. Company insiders own 43.70% of the company’s stock.

Oracle Price Performance

Shares of NYSE ORCL traded up $0.25 during trading hours on Friday, reaching $113.91. 23,215,012 shares of the stock traded hands, compared to its average volume of 13,743,533. The company has a market capitalization of $312.09 billion, a P/E ratio of 33.90, a price-to-earnings-growth ratio of 2.97 and a beta of 1.00. The company has a quick ratio of 0.91, a current ratio of 0.87 and a debt-to-equity ratio of 29.72. Oracle Co. has a 52-week low of $60.78 and a 52-week high of $127.54. The company’s 50-day simple moving average is $117.28 and its two-hundred day simple moving average is $106.26.

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

Oracle Dividend Announcement

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

Oracle Profile

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.