Oracle Co. (NYSE:ORCL) Shares Sold by Hartford Investment Management Co.

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Hartford Investment Management Co. trimmed its holdings in Oracle Co. (NYSE:ORCL) by 2.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 423,682 shares of the enterprise software provider’s stock after selling 8,680 shares during the quarter. Hartford Investment Management Co.’s holdings in Oracle were worth $24,137,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in ORCL. Wedgewood Investors Inc. PA raised its stake in shares of Oracle by 4.1% during the first quarter. Wedgewood Investors Inc. PA now owns 4,650 shares of the enterprise software provider’s stock worth $250,000 after purchasing an additional 185 shares during the last quarter. Field & Main Bank raised its stake in shares of Oracle by 5.7% during the second quarter. Field & Main Bank now owns 3,709 shares of the enterprise software provider’s stock worth $211,000 after purchasing an additional 200 shares during the last quarter. Park Avenue Securities LLC raised its stake in shares of Oracle by 2.6% during the first quarter. Park Avenue Securities LLC now owns 8,064 shares of the enterprise software provider’s stock worth $440,000 after purchasing an additional 202 shares during the last quarter. Joel Isaacson & Co. LLC raised its stake in shares of Oracle by 2.1% during the first quarter. Joel Isaacson & Co. LLC now owns 10,158 shares of the enterprise software provider’s stock worth $546,000 after purchasing an additional 205 shares during the last quarter. Finally, JFS Wealth Advisors LLC raised its stake in shares of Oracle by 9.0% during the first quarter. JFS Wealth Advisors LLC now owns 2,512 shares of the enterprise software provider’s stock worth $135,000 after purchasing an additional 207 shares during the last quarter. 54.26% of the stock is owned by hedge funds and other institutional investors.

Oracle stock opened at $54.61 on Monday. The company has a debt-to-equity ratio of 2.31, a current ratio of 2.49 and a quick ratio of 2.49. The firm has a market capitalization of $186.27 billion, a price-to-earnings ratio of 17.28, a price-to-earnings-growth ratio of 1.63 and a beta of 1.15. Oracle Co. has a fifty-two week low of $42.40 and a fifty-two week high of $60.50. The firm has a fifty day moving average price of $57.41.

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

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend was Tuesday, July 16th. Oracle’s dividend payout ratio (DPR) is 30.38%.

ORCL has been the subject of several analyst reports. JPMorgan Chase & Co. restated a “neutral” rating and set a $53.00 price target on shares of Oracle in a research note on Tuesday, June 18th. Goldman Sachs Group restated a “buy” rating and set a $58.00 price target on shares of Oracle in a research note on Thursday, June 20th. KeyCorp restated a “hold” rating on shares of Oracle in a research note on Thursday, June 20th. Macquarie cut Oracle from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $56.00 to $55.00 in a research report on Tuesday, June 18th. They noted that the move was a valuation call. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $59.00 price objective (up previously from $53.00) on shares of Oracle in a research report on Thursday, June 20th. Three equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and nine have assigned a buy rating to the company’s stock. Oracle currently has a consensus rating of “Hold” and a consensus price target of $54.58.

In other Oracle news, CAO W Corey West sold 50,000 shares of the company’s stock in a transaction on Monday, June 24th. The stock was 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 owns 85,348 shares of the company’s stock, valued at $4,800,825. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Naomi O. Seligman sold 90,000 shares of the company’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $59.52, for a total value of $5,356,800.00. Following the completion of the sale, the director now directly owns 82,310 shares in the company, valued at approximately $4,899,091.20. The disclosure for this sale can be found here. Insiders sold 1,356,250 shares of company stock worth $76,913,375 in the last three months. 32.00% of the stock is owned by corporate insiders.

About Oracle

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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