Oracle Co. (NYSE:ORCL) Position Decreased by Healthcare of Ontario Pension Plan Trust Fund

Posted by Defense World Staff on Mar 1st, 2023

Healthcare of Ontario Pension Plan Trust Fund decreased its holdings in shares of Oracle Co. (NYSE:ORCL – Get Rating) by 56.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,049 shares of the enterprise software provider’s stock after selling 10,509 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Oracle were worth $492,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Wealthspire Advisors LLC boosted its position in shares of Oracle by 17.0% during the 2nd quarter. Wealthspire Advisors LLC now owns 6,458 shares of the enterprise software provider’s stock valued at $451,000 after purchasing an additional 939 shares in the last quarter. NorthCrest Asset Manangement LLC lifted its stake in Oracle by 1.2% during the third quarter. NorthCrest Asset Manangement LLC now owns 242,195 shares of the enterprise software provider’s stock valued at $14,791,000 after buying an additional 2,815 shares in the last quarter. Ridgewood Investments LLC lifted its stake in Oracle by 19.7% during the third quarter. Ridgewood Investments LLC now owns 7,684 shares of the enterprise software provider’s stock valued at $469,000 after buying an additional 1,267 shares in the last quarter. RFG Advisory LLC lifted its stake in Oracle by 28.4% during the second quarter. RFG Advisory LLC now owns 4,323 shares of the enterprise software provider’s stock valued at $334,000 after buying an additional 957 shares in the last quarter. Finally, First Republic Investment Management Inc. lifted its stake in Oracle by 3.1% during the third quarter. First Republic Investment Management Inc. now owns 787,975 shares of the enterprise software provider’s stock valued at $48,122,000 after buying an additional 23,448 shares in the last quarter. Institutional investors own 40.96% of the company’s stock.

Insider Transactions at Oracle

In other news, Director Rona Alison Fairhead sold 8,080 shares of the firm’s stock in a transaction on Friday, February 3rd. The shares were sold at an average price of $89.82, for a total value of $725,745.60. Following the sale, the director now owns 11,197 shares in the company, valued at $1,005,714.54. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director Rona Alison Fairhead sold 8,080 shares of the firm’s stock in a transaction on Friday, February 3rd. The stock was sold at an average price of $89.82, for a total value of $725,745.60. Following the completion of the transaction, the director now directly owns 11,197 shares of the company’s stock, valued at $1,005,714.54. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the firm’s stock in a transaction on Wednesday, December 14th. The stock was sold at an average price of $82.00, for a total value of $32,800,000.00. Following the completion of the transaction, the insider now directly owns 1,792,688 shares of the company’s stock, valued at $147,000,416. The disclosure for this sale can be found here. 43.70% of the stock is currently owned by corporate insiders.

Oracle Stock Down 0.6 %

Shares of ORCL stock opened at $87.40 on Wednesday. The business’s 50 day moving average is $86.56 and its two-hundred day moving average is $78.62. The company has a market cap of $235.65 billion, a PE ratio of 27.40, a price-to-earnings-growth ratio of 2.80 and a beta of 1.01. Oracle Co. has a 12 month low of $60.78 and a 12 month high of $91.22.

Oracle (NYSE:ORCL – Get Rating) last announced its quarterly earnings data on Monday, December 12th. The enterprise software provider reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.02). The company had revenue of $12.28 billion during the quarter, compared to analyst estimates of $12.01 billion. Oracle had a negative return on equity of 189.46% and a net margin of 19.09%. The company’s revenue was up 18.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.21 EPS. As a group, equities analysts expect that Oracle Co. will post 3.92 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 24th. Stockholders of record on Tuesday, January 10th were paid a $0.32 dividend. The ex-dividend date of this dividend was Monday, January 9th. This represents a $1.28 annualized dividend and a dividend yield of 1.46%. Oracle’s payout ratio is 40.13%.

Analyst Upgrades and Downgrades

ORCL has been the subject of a number of analyst reports. Monness Crespi & Hardt initiated coverage on shares of Oracle in a research note on Tuesday, December 13th. They set a “buy” rating and a $113.00 price objective for the company. Credit Suisse Group set a $115.00 price objective on shares of Oracle in a research note on Monday, January 2nd. The Goldman Sachs Group set a $72.00 price target on shares of Oracle in a research report on Tuesday, December 13th. TheStreet raised shares of Oracle from a “c” rating to a “b-” rating in a research report on Thursday, January 26th. Finally, StockNews.com raised shares of Oracle from a “hold” rating to a “buy” rating in a research report on Wednesday, January 11th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $92.54.

Oracle Company Profile

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Oracle Corp. engages in the provision of products and services that address all aspects of corporate information technology environments. It operates through the following business segments: Cloud and License, Hardware, and Services. The Cloud and License segment markets, sells, and delivers applications, platform, and infrastructure technologies.