Mutual of America Capital Management LLC Trims Holdings in Oracle Co. (NYSE:ORCL)

Mutual of America Capital Management LLC lowered its holdings in Oracle Co. (NYSE:ORCL) by 8.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 216,437 shares of the enterprise software provider’s stock after selling 20,755 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Oracle were worth $18,858,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. OLD Mission Capital LLC acquired a new stake in shares of Oracle in the 3rd quarter worth approximately $225,000. Ironwood Wealth Management LLC. raised its position in Oracle by 19.0% in the second quarter. Ironwood Wealth Management LLC. now owns 5,336 shares of the enterprise software provider’s stock valued at $415,000 after purchasing an additional 852 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of Oracle by 10.3% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 354,341 shares of the enterprise software provider’s stock valued at $27,582,000 after acquiring an additional 33,084 shares in the last quarter. Van ECK Associates Corp grew its stake in Oracle by 4.5% in the second quarter. Van ECK Associates Corp now owns 34,068 shares of the enterprise software provider’s stock worth $2,652,000 after purchasing an additional 1,466 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its stake in Oracle by 7.3% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 187,006 shares of the enterprise software provider’s stock worth $14,557,000 after purchasing an additional 12,728 shares in the last quarter. 42.88% of the stock is owned by institutional investors and hedge funds.

In related news, EVP Dorian Daley sold 20,482 shares of the business’s stock in a transaction dated Thursday, December 23rd. The stock was sold at an average price of $89.69, for a total value of $1,837,030.58. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Naomi O. Seligman sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, December 27th. The stock was sold at an average price of $89.27, for a total value of $2,678,100.00. The disclosure for this sale can be found here. Corporate insiders own 43.40% of the company’s stock.

A number of equities research analysts have recently weighed in on the company. JMP Securities reaffirmed a “hold” rating on shares of Oracle in a report on Tuesday, December 21st. Cowen lifted their target price on shares of Oracle from $96.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, December 10th. Monness Crespi & Hardt raised their price objective on shares of Oracle from $115.00 to $126.00 and gave the company a “buy” rating in a research report on Friday, December 10th. Barclays lifted their price target on shares of Oracle from $87.00 to $91.00 and gave the company an “equal weight” rating in a research report on Friday, December 10th. Finally, Societe Generale lifted their price target on shares of Oracle from $88.00 to $103.00 and gave the company a “hold” rating in a research report on Friday, December 10th. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $95.38.

ORCL stock traded down $0.62 on Friday, reaching $87.17. The company’s stock had a trading volume of 132,105 shares, compared to its average volume of 9,084,600. The business has a fifty day simple moving average of $92.14 and a two-hundred day simple moving average of $90.57. Oracle Co. has a 12-month low of $59.74 and a 12-month high of $106.34. The firm has a market cap of $232.78 billion, a PE ratio of 25.45, a PEG ratio of 2.56 and a beta of 0.80. The company has a debt-to-equity ratio of 12.77, a quick ratio of 1.65 and a current ratio of 1.65.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Thursday, December 9th. The enterprise software provider reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.10. The firm had revenue of $10.36 billion during the quarter, compared to the consensus estimate of $10.21 billion. Oracle had a return on equity of 1,087.71% and a net margin of 24.79%. The company’s revenue was up 5.7% on a year-over-year basis. During the same period last year, the company earned $0.93 earnings per share. As a group, research analysts anticipate that Oracle Co. will post 4.07 earnings per share for the current fiscal year.

Oracle declared that its Board of Directors has initiated a stock repurchase program on Thursday, December 9th that permits the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization permits the enterprise software provider to buy up to 3.6% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its shares are undervalued.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 19th. Shareholders of record on Friday, January 7th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date is Thursday, January 6th. Oracle’s payout ratio is 37.10%.

Oracle Profile

Oracle Corp. engages in the provision of products and services that address all aspects of corporate information technology environments. It operates through the following business segments: Cloud and License, Hardware, and Services. The Cloud and License segment markets, sells, and delivers applications, platform, and infrastructure technologies.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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