Thompson Investment Management Inc. Lowers Holdings in Oracle Co. (NYSE:ORCL)

Thompson Investment Management Inc. decreased its holdings in Oracle Co. (NYSE:ORCL) by 4.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,131 shares of the enterprise software provider’s stock after selling 2,921 shares during the quarter. Oracle makes up approximately 1.2% of Thompson Investment Management Inc.’s holdings, making the stock its 27th largest holding. Thompson Investment Management Inc.’s holdings in Oracle were worth $7,930,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in Oracle during the 4th quarter worth approximately $1,210,181,000. Wellington Management Group LLP boosted its position in Oracle by 9,299.3% during the 3rd quarter. Wellington Management Group LLP now owns 8,170,999 shares of the enterprise software provider’s stock worth $865,472,000 after purchasing an additional 8,084,067 shares during the period. Vanguard Group Inc. lifted its stake in shares of Oracle by 5.7% during the third quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock worth $15,599,200,000 after purchasing an additional 7,883,515 shares in the last quarter. Boston Partners grew its stake in shares of Oracle by 382.4% in the fourth quarter. Boston Partners now owns 4,563,366 shares of the enterprise software provider’s stock valued at $481,820,000 after buying an additional 3,617,413 shares in the last quarter. Finally, Capital World Investors raised its holdings in shares of Oracle by 22.1% during the 4th quarter. Capital World Investors now owns 18,384,162 shares of the enterprise software provider’s stock valued at $1,938,242,000 after buying an additional 3,323,334 shares during the period. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

ORCL has been the subject of a number of analyst reports. TD Cowen upped their price target on Oracle from $145.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, June 12th. Evercore ISI lifted their price target on shares of Oracle from $145.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 12th. Stifel Nicolaus upped their price objective on shares of Oracle from $120.00 to $135.00 and gave the company a “hold” rating in a research report on Wednesday, June 12th. Morgan Stanley reaffirmed an “equal weight” rating and set a $125.00 target price on shares of Oracle in a research report on Tuesday. Finally, DA Davidson reiterated a “neutral” rating and issued a $105.00 price target on shares of Oracle in a research note on Wednesday, June 12th. Fourteen analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $145.83.

Insider Buying and Selling at Oracle

In other Oracle news, insider Edward Screven sold 235,918 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the completion of the sale, the insider now directly owns 2,626,764 shares of the company’s stock, valued at $379,042,045.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Oracle news, Director George H. Conrades sold 20,000 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $116.00, for a total transaction of $2,320,000.00. Following the completion of the sale, the director now directly owns 17,836 shares of the company’s stock, valued at $2,068,976. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Edward Screven sold 235,918 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $144.30, for a total value of $34,042,967.40. Following the completion of the transaction, the insider now owns 2,626,764 shares in the company, valued at approximately $379,042,045.20. The disclosure for this sale can be found here. In the last three months, insiders sold 348,418 shares of company stock valued at $47,784,717. 42.80% of the stock is owned by insiders.

Oracle Price Performance

ORCL stock traded up $0.71 during trading on Wednesday, hitting $139.88. The company had a trading volume of 2,650,028 shares, compared to its average volume of 8,547,551. The firm has a market capitalization of $385.49 billion, a price-to-earnings ratio of 37.70, a P/E/G ratio of 2.52 and a beta of 1.01. The business has a 50 day moving average of $123.84 and a 200 day moving average of $117.48. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $145.32. The company has a current ratio of 0.71, a quick ratio of 0.72 and a debt-to-equity ratio of 8.25.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). Oracle had a net margin of 19.76% and a return on equity of 223.01%. The business had revenue of $14.29 billion during the quarter, compared to analyst estimates of $14.57 billion. During the same period in the previous year, the company posted $1.35 earnings per share. Oracle’s revenue was up 3.3% compared to the same quarter last year. As a group, research analysts predict that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date is Thursday, July 11th. Oracle’s payout ratio is 43.13%.

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.