CSat Investment Advisory L.P. Sells 9,519 Shares of Oracle Co. (NYSE:ORCL)

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CSat Investment Advisory L.P. lowered its stake in shares of Oracle Co. (NYSE:ORCL) by 21.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 34,447 shares of the enterprise software provider’s stock after selling 9,519 shares during the quarter. Oracle accounts for 0.7% of CSat Investment Advisory L.P.’s holdings, making the stock its 21st biggest holding. CSat Investment Advisory L.P.’s holdings in Oracle were worth $1,963,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Evolution Wealth Advisors LLC boosted its holdings in Oracle by 346.0% during the 2nd quarter. Evolution Wealth Advisors LLC now owns 446 shares of the enterprise software provider’s stock valued at $25,000 after acquiring an additional 346 shares during the period. Covenant Multifamily Offices LLC purchased a new position in Oracle during the 1st quarter valued at $35,000. Next Capital Management LLC purchased a new position in Oracle during the 2nd quarter valued at $36,000. Shamrock Asset Management LLC boosted its holdings in Oracle by 577.0% during the 2nd quarter. Shamrock Asset Management LLC now owns 677 shares of the enterprise software provider’s stock valued at $39,000 after acquiring an additional 577 shares during the period. Finally, Mizuho Securities Co. Ltd. purchased a new position in Oracle during the 2nd quarter valued at $40,000. 53.05% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Michael J. Boskin sold 150,000 shares of the company’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $56.65, for a total transaction of $8,497,500.00. Following the transaction, the director now directly owns 134,796 shares of the company’s stock, valued at approximately $7,636,193.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Renee Jo James sold 3,000 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $53.56, for a total value of $160,680.00. Following the transaction, the director now directly owns 32,886 shares in the company, valued at $1,761,374.16. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,285,143 shares of company stock valued at $69,358,709. Corporate insiders own 32.00% of the company’s stock.

A number of research firms recently issued reports on ORCL. Macquarie restated a “hold” rating on shares of Oracle in a report on Thursday, September 12th. Goldman Sachs Group set a $62.00 price objective on Oracle and gave the company a “buy” rating in a report on Friday. KeyCorp restated a “hold” rating on shares of Oracle in a report on Thursday, June 20th. Barclays dropped their price objective on Oracle from $59.00 to $57.00 and set an “equal weight” rating for the company in a report on Thursday, September 12th. Finally, Credit Suisse Group set a $62.00 price objective on Oracle and gave the company a “buy” rating in a report on Wednesday. Three research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $56.49.

Shares of ORCL traded up $0.10 during trading hours on Friday, hitting $53.47. The company had a trading volume of 59,516,386 shares, compared to its average volume of 11,939,662. The company has a market capitalization of $172.83 billion, a PE ratio of 16.92, a price-to-earnings-growth ratio of 1.54 and a beta of 1.18. The company has a current ratio of 2.25, a quick ratio of 2.49 and a debt-to-equity ratio of 2.67. Oracle Co. has a one year low of $42.40 and a one year high of $60.50. The company’s fifty day moving average price is $53.39 and its two-hundred day moving average price is $54.49.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Wednesday, September 11th. The enterprise software provider reported $0.81 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.09. The firm had revenue of $9.22 billion during the quarter, compared to analyst estimates of $9.29 billion. Oracle had a return on equity of 48.85% and a net margin of 27.71%. The business’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.71 EPS. Analysts forecast that Oracle Co. will post 3.47 earnings per share for the current year.

Oracle declared that its Board of Directors has initiated a stock buyback plan on Wednesday, September 11th that allows the company to buyback $15.00 billion in outstanding shares. This buyback authorization allows the enterprise software provider to purchase up to 8.4% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend is Wednesday, October 9th. Oracle’s payout ratio is 30.38%.

Oracle Company 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.

Read More: Book Value Per Share – BVPS

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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