Leuthold Group LLC Sells 162 Shares of Oracle Co. (NYSE:ORCL)

Leuthold Group LLC lowered its position in shares of Oracle Co. (NYSE:ORCL) by 0.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 79,565 shares of the enterprise software provider’s stock after selling 162 shares during the period. Oracle comprises about 1.1% of Leuthold Group LLC’s portfolio, making the stock its 20th biggest position. Leuthold Group LLC’s holdings in Oracle were worth $9,994,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Oracle by 5.7% in the third quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock valued at $15,599,200,000 after buying an additional 7,883,515 shares during the period. Capital World Investors boosted its holdings in Oracle by 22.1% in the fourth quarter. Capital World Investors now owns 18,384,162 shares of the enterprise software provider’s stock valued at $1,938,242,000 after acquiring an additional 3,323,334 shares during the last quarter. Parnassus Investments LLC increased its position in Oracle by 17.7% during the 4th quarter. Parnassus Investments LLC now owns 14,599,902 shares of the enterprise software provider’s stock valued at $1,539,268,000 after purchasing an additional 2,191,342 shares during the period. Putnam Investments LLC raised its holdings in Oracle by 6.0% during the 4th quarter. Putnam Investments LLC now owns 12,339,385 shares of the enterprise software provider’s stock worth $1,300,941,000 after purchasing an additional 697,961 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Oracle by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,909,069 shares of the enterprise software provider’s stock worth $1,223,775,000 after purchasing an additional 204,546 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Transactions at Oracle

In other Oracle news, insider Edward Screven sold 426,861 shares of the firm’s stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $141.91, for a total transaction of $60,575,844.51. Following the sale, the insider now owns 2,626,764 shares in the company, valued at $372,764,079.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Oracle news, insider Edward Screven sold 426,861 shares of the stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $141.91, for a total transaction of $60,575,844.51. Following the transaction, the insider now directly owns 2,626,764 shares in the company, valued at $372,764,079.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael J. Boskin sold 45,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $117.74, for a total transaction of $5,298,300.00. Following the completion of the sale, the director now owns 87,473 shares of the company’s stock, valued at $10,299,071.02. The disclosure for this sale can be found here. In the last ninety days, insiders sold 812,500 shares of company stock valued at $113,578,574. Insiders own 42.80% of the company’s stock.

Oracle Price Performance

NYSE:ORCL traded up $1.21 during trading hours on Friday, hitting $143.97. 2,996,521 shares of the company’s stock traded hands, compared to its average volume of 8,576,562. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $145.79. The business’s fifty day simple moving average is $130.30 and its two-hundred day simple moving average is $120.43. The company has a quick ratio of 0.72, a current ratio of 0.71 and a debt-to-equity ratio of 8.25. The firm has a market cap of $396.76 billion, a P/E ratio of 38.69, a P/E/G ratio of 2.58 and a beta of 1.02.

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

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend is Thursday, July 11th. Oracle’s dividend payout ratio (DPR) is currently 43.13%.

Wall Street Analysts Forecast Growth

ORCL has been the topic of a number of research analyst reports. Morgan Stanley restated an “equal weight” rating and set a $125.00 price target on shares of Oracle in a report on Tuesday, June 25th. KeyCorp raised their price target on shares of Oracle from $150.00 to $165.00 and gave the stock an “overweight” rating in a report on Wednesday, June 12th. Oppenheimer initiated coverage on shares of Oracle in a report on Thursday, April 18th. They set a “market perform” rating on the stock. StockNews.com downgraded Oracle from a “buy” rating to a “hold” rating in a research note on Thursday, June 6th. Finally, Stifel Nicolaus upped their price target on Oracle from $120.00 to $135.00 and gave the stock a “hold” rating in a research note on Wednesday, June 12th. Fourteen research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average 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.