Oracle Corporation (NYSE:ORCL) is Winslow Asset Management Inc.’s 4th Largest Position

Winslow Asset Management Inc. reduced its position in Oracle Corporation (NYSE:ORCL) by 2.5% in the 1st quarter, HoldingsChannel.com reports. The firm owned 125,651 shares of the enterprise software provider’s stock after selling 3,209 shares during the period. Oracle accounts for about 3.9% of Winslow Asset Management Inc.’s holdings, making the stock its 4th largest holding. Winslow Asset Management Inc.’s holdings in Oracle were worth $17,567,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of ORCL. Norges Bank acquired a new position in Oracle in the fourth quarter valued at $2,216,314,000. GAMMA Investing LLC lifted its stake in shares of Oracle by 15,012.3% during the first quarter. GAMMA Investing LLC now owns 4,755,096 shares of the enterprise software provider’s stock worth $664,810,000 after purchasing an additional 4,723,631 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Oracle by 20.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,825,360 shares of the enterprise software provider’s stock worth $2,303,858,000 after purchasing an additional 2,350,448 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Oracle by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider’s stock worth $26,231,127,000 after purchasing an additional 2,296,069 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC lifted its stake in shares of Oracle by 268.4% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 3,077,947 shares of the enterprise software provider’s stock worth $512,909,000 after purchasing an additional 2,242,520 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Activity at Oracle

In related news, Director Leon E. Panetta sold 17,500 shares of Oracle stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $151.24, for a total value of $2,646,700.00. Following the completion of the sale, the director directly owned 58,090 shares in the company, valued at $8,785,531.60. The trade was a 23.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Maria Smith sold 10,000 shares of the business’s stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $232.99, for a total transaction of $2,329,900.00. Following the completion of the transaction, the executive vice president owned 40,807 shares of the company’s stock, valued at $9,507,622.93. This represents a 19.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 445,366 shares of company stock valued at $84,784,653 over the last three months. Corporate insiders own 42.20% of the company’s stock.

Oracle Stock Performance

Shares of ORCL stock opened at $229.25 on Tuesday. The stock has a market cap of $643.93 billion, a PE ratio of 52.82, a price-to-earnings-growth ratio of 3.45 and a beta of 1.39. The company’s fifty day moving average price is $188.76 and its 200-day moving average price is $166.84. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $241.44. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07.

Oracle (NYSE:ORCL) last posted its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.06. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The business had revenue of $15.90 billion for the quarter, compared to analysts’ expectations of $15.58 billion. During the same quarter in the prior year, the business earned $1.63 EPS. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. On average, equities analysts expect that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle’s payout ratio is 46.08%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ORCL. CIBC restated a “buy” rating on shares of Oracle in a research note on Monday, June 9th. Royal Bank Of Canada lifted their target price on Oracle from $145.00 to $195.00 and gave the stock a “sector perform” rating in a research report on Thursday, June 12th. UBS Group set a $250.00 target price on Oracle and gave the stock a “buy” rating in a research report on Wednesday, June 25th. Stifel Nicolaus raised Oracle from a “hold” rating to a “buy” rating and lifted their target price for the stock from $180.00 to $250.00 in a research report on Monday, June 30th. Finally, Mizuho decreased their price target on Oracle from $210.00 to $180.00 and set an “outperform” rating for the company in a research note on Tuesday, April 15th. Nine analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $211.37.

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.