Natixis Investment Managers International Has $109,000 Stake in Oracle Co. (NYSE:ORCL)

Natixis Investment Managers International reduced its stake in shares of Oracle Co. (NYSE:ORCL) by 11.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 865 shares of the enterprise software provider’s stock after selling 114 shares during the quarter. Natixis Investment Managers International’s holdings in Oracle were worth $109,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Westend Capital Management LLC bought a new position in Oracle during the first quarter worth about $25,000. Tidemark LLC acquired a new position in shares of Oracle in the 4th quarter valued at approximately $29,000. Frank Rimerman Advisors LLC bought a new stake in Oracle during the 4th quarter worth approximately $30,000. Alaska Permanent Fund Corp acquired a new stake in Oracle during the 1st quarter worth approximately $36,000. Finally, Nordwand Advisors LLC bought a new position in Oracle in the fourth quarter valued at approximately $30,000. 42.44% of the stock is owned by institutional investors.

Insider Buying and Selling at Oracle

In related news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $143.69, for a total value of $161,651,250.00. Following the sale, the chairman now directly owns 1,145,732,353 shares of the company’s stock, valued at $164,630,281,802.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the completion of the transaction, the chairman now directly owns 1,145,732,353 shares in the company, valued at approximately $164,630,281,802.57. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director George H. Conrades sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $116.00, for a total transaction of $2,320,000.00. Following the completion of the sale, the director now owns 17,836 shares in the company, valued at approximately $2,068,976. The disclosure for this sale can be found here. Insiders sold a total of 1,952,500 shares of company stock worth $277,298,174 over the last three months. Corporate insiders own 42.80% of the company’s stock.

Oracle Stock Performance

Shares of NYSE:ORCL traded down $0.89 on Thursday, hitting $137.88. The company had a trading volume of 7,653,076 shares, compared to its average volume of 8,520,287. The stock has a market cap of $379.98 billion, a price-to-earnings ratio of 37.16, a P/E/G ratio of 2.59 and a beta of 1.02. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $146.59. The company has a current ratio of 0.71, a quick ratio of 0.72 and a debt-to-equity ratio of 8.25. The stock has a 50 day moving average price of $134.75 and a 200 day moving average price of $122.92.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.02). Oracle had a return on equity of 223.01% and a net margin of 19.76%. The firm had revenue of $14.29 billion for the quarter, compared to the consensus estimate of $14.57 billion. During the same period in the prior year, the company earned $1.35 EPS. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. Analysts expect that Oracle Co. will post 5.02 EPS for the current year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, July 11th will be paid a $0.40 dividend. The ex-dividend date is Thursday, July 11th. This represents a $1.60 dividend on an annualized basis and a yield of 1.16%. Oracle’s dividend payout ratio (DPR) is 43.13%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ORCL. Oppenheimer began coverage on shares of Oracle in a research report on Thursday, April 18th. They set a “market perform” rating for the company. Stifel Nicolaus raised their price target on shares of Oracle from $120.00 to $135.00 and gave the stock a “hold” rating in a research note on Wednesday, June 12th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Oracle from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, June 17th. BMO Capital Markets increased their target price on shares of Oracle from $142.00 to $160.00 and gave the stock a “market perform” rating in a report on Monday, June 17th. Finally, Mizuho lifted their price target on shares of Oracle from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, June 17th. Fourteen research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, Oracle presently has a consensus rating of “Moderate Buy” and a consensus target price of $145.83.

Oracle Company Profile

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.