Whitener Capital Management Inc. Decreases Stock Position in Oracle Co. (NYSE:ORCL)

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Whitener Capital Management Inc. lessened its stake in shares of Oracle Co. (NYSE:ORCL) by 4.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,845 shares of the enterprise software provider’s stock after selling 200 shares during the period. Whitener Capital Management Inc.’s holdings in Oracle were worth $276,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Meridian Financial Partners LLC raised its holdings in Oracle by 2.2% during the 1st quarter. Meridian Financial Partners LLC now owns 10,181 shares of the enterprise software provider’s stock valued at $555,000 after buying an additional 224 shares during the period. B. Riley Wealth Management Inc. grew its position in Oracle by 9.7% in the 1st quarter. B. Riley Wealth Management Inc. now owns 6,537 shares of the enterprise software provider’s stock valued at $351,000 after acquiring an additional 578 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Oracle by 7.6% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,099,788 shares of the enterprise software provider’s stock valued at $59,070,000 after acquiring an additional 77,283 shares during the last quarter. Boenning & Scattergood Inc. grew its position in Oracle by 119.3% in the 1st quarter. Boenning & Scattergood Inc. now owns 14,265 shares of the enterprise software provider’s stock valued at $766,000 after acquiring an additional 7,761 shares during the last quarter. Finally, LifePlan Financial Group Inc grew its position in Oracle by 12.3% in the 1st quarter. LifePlan Financial Group Inc now owns 1,977 shares of the enterprise software provider’s stock valued at $106,000 after acquiring an additional 217 shares during the last quarter. Institutional investors own 54.23% of the company’s stock.

In related news, Director Naomi O. Seligman sold 90,000 shares of the firm’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $59.52, for a total transaction of $5,356,800.00. Following the sale, the director now owns 82,310 shares of the company’s stock, valued at $4,899,091.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO W Corey West sold 50,000 shares of the firm’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $56.25, for a total value of $2,812,500.00. Following the sale, the chief accounting officer now directly owns 85,348 shares in the company, valued at approximately $4,800,825. The disclosure for this sale can be found here. Insiders have sold a total of 1,352,500 shares of company stock worth $76,708,925 in the last three months. Corporate insiders own 32.00% of the company’s stock.

Several equities analysts have commented on the company. UBS Group reaffirmed a “neutral” rating and issued a $54.00 price objective on shares of Oracle in a research report on Friday, June 14th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $53.00 price objective on shares of Oracle in a research report on Tuesday, June 18th. Wells Fargo & Co upped their price objective on Oracle from $60.00 to $65.00 and gave the company an “outperform” rating in a research report on Thursday, June 20th. Wedbush reaffirmed a “neutral” rating and issued a $55.00 price objective (down previously from $55.92) on shares of Oracle in a research report on Thursday, June 20th. Finally, Zacks Investment Research raised Oracle from a “hold” rating to a “buy” rating and set a $61.00 price objective on the stock in a research report on Wednesday, May 15th. Three analysts have rated the stock with a sell rating, nineteen have given a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $54.76.

Shares of ORCL traded up $1.00 during midday trading on Friday, reaching $53.59. 9,836,000 shares of the stock were exchanged, compared to its average volume of 10,554,823. Oracle Co. has a 52 week low of $42.40 and a 52 week high of $60.50. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 2.31. The company’s 50 day moving average is $57.09 and its two-hundred day moving average is $54.29. The company has a market capitalization of $174.53 billion, a P/E ratio of 16.96, a PEG ratio of 1.53 and a beta of 1.15.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Wednesday, June 19th. The enterprise software provider reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.18. Oracle had a return on equity of 40.95% and a net margin of 28.06%. The business had revenue of $11.14 billion for the quarter, compared to the consensus estimate of $10.93 billion. During the same quarter in the prior year, the company earned $0.99 EPS. The business’s revenue was up 1.1% compared to the same quarter last year. On average, sell-side analysts expect that Oracle Co. will post 3.5 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date was Tuesday, July 16th. Oracle’s payout ratio is 30.38%.

Oracle Profile

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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