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

Truvestments Capital LLC lessened its holdings in shares of Oracle Co. (NYSE:ORCL) by 39.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,080 shares of the enterprise software provider’s stock after selling 1,342 shares during the quarter. Truvestments Capital LLC’s holdings in Oracle were worth $261,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of ORCL. Quadrature Capital Ltd bought a new stake in Oracle during the first quarter worth about $1,584,000. Huber Capital Management LLC boosted its stake in Oracle by 10.2% in the first quarter. Huber Capital Management LLC now owns 19,482 shares of the enterprise software provider’s stock worth $2,447,000 after buying an additional 1,800 shares in the last quarter. Stonebridge Capital Advisors LLC grew its position in Oracle by 6.4% during the first quarter. Stonebridge Capital Advisors LLC now owns 145,734 shares of the enterprise software provider’s stock valued at $18,306,000 after acquiring an additional 8,801 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in shares of Oracle by 76.1% during the first quarter. Canada Pension Plan Investment Board now owns 1,202,098 shares of the enterprise software provider’s stock worth $150,996,000 after acquiring an additional 519,479 shares in the last quarter. Finally, Capital World Investors lifted its holdings in shares of Oracle by 0.4% in the 1st quarter. Capital World Investors now owns 18,466,713 shares of the enterprise software provider’s stock worth $2,319,604,000 after acquiring an additional 82,551 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Stock Performance

NYSE:ORCL traded up $1.19 during mid-day trading on Friday, reaching $139.01. The company’s stock had a trading volume of 5,139,377 shares, compared to its average volume of 7,701,505. The firm’s fifty day moving average price is $135.07 and its two-hundred day moving average price is $123.30. The company has a current ratio of 0.71, a quick ratio of 0.72 and a debt-to-equity ratio of 8.25. The stock has a market cap of $383.09 billion, a P/E ratio of 37.47, a PEG ratio of 2.49 and a beta of 1.02. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $146.59.

Oracle (NYSE:ORCL) last announced its 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). The company had revenue of $14.29 billion for the quarter, compared to analysts’ expectations of $14.57 billion. Oracle had a net margin of 19.76% and a return on equity of 223.01%. Oracle’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.35 earnings per share. On average, equities analysts forecast that Oracle Co. will post 5.02 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.15%. The ex-dividend date was Thursday, July 11th. Oracle’s dividend payout ratio is presently 43.13%.

Insider Transactions at Oracle

In other Oracle news, Director Leon E. Panetta sold 15,000 shares of Oracle stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $137.89, for a total value of $2,068,350.00. Following the completion of the transaction, the director now directly owns 58,090 shares of the company’s stock, valued at approximately $8,010,030.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Edward Screven sold 235,918 shares of Oracle 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 transaction, the insider now directly owns 2,626,764 shares of the company’s stock, valued at approximately $379,042,045.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Leon E. Panetta sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $137.89, for a total value of $2,068,350.00. Following the transaction, the director now owns 58,090 shares of the company’s stock, valued at approximately $8,010,030.10. The disclosure for this sale can be found here. Insiders have sold 1,952,500 shares of company stock valued at $277,298,174 in the last ninety days. Corporate insiders own 42.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ORCL. Citigroup decreased their price objective on Oracle from $133.00 to $128.00 and set a “neutral” rating on the stock in a report on Monday, June 10th. Bank of America raised their target price on shares of Oracle from $144.00 to $155.00 and gave the stock a “neutral” rating in a report on Wednesday, June 12th. BMO Capital Markets upped their price target on shares of Oracle from $142.00 to $160.00 and gave the company a “market perform” rating in a report on Monday, June 17th. KeyCorp increased their price target on shares of Oracle from $150.00 to $165.00 and gave the company an “overweight” rating in a research report on Wednesday, June 12th. Finally, JMP Securities restated a “market perform” rating on shares of Oracle in a research report on Tuesday, June 11th. Fourteen research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat, Oracle has a consensus rating of “Moderate Buy” and a consensus target price of $145.83.

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.