KLCM Advisors Inc. Reduces Stake in Oracle Co. (NYSE:ORCL)

KLCM Advisors Inc. cut its holdings in Oracle Co. (NYSE:ORCL) by 1.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 327,925 shares of the enterprise software provider’s stock after selling 3,239 shares during the quarter. Oracle comprises about 5.0% of KLCM Advisors Inc.’s investment portfolio, making the stock its 4th biggest holding. KLCM Advisors Inc.’s holdings in Oracle were worth $15,849,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of ORCL. First National Bank of South Miami raised its position in Oracle by 104.6% in the fourth quarter. First National Bank of South Miami now owns 489 shares of the enterprise software provider’s stock worth $26,000 after acquiring an additional 250 shares in the last quarter. Lloyd Advisory Services LLC. acquired a new stake in Oracle during the 4th quarter worth about $26,000. Samalin Investment Counsel LLC acquired a new stake in Oracle during the 4th quarter worth about $27,000. Solstein Capital LLC acquired a new stake in Oracle during the 4th quarter worth about $33,000. Finally, ERTS Wealth Advisors LLC acquired a new stake in Oracle during the 4th quarter worth about $36,000. Hedge funds and other institutional investors own 48.14% of the company’s stock.

In other Oracle news, CEO Safra Catz sold 1,000,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $51.73, for a total transaction of $51,730,000.00. Following the completion of the sale, the chief executive officer now owns 2,368,592 shares of the company’s stock, valued at $122,527,264.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles W. Moorman bought 10,000 shares of the firm’s stock in a transaction on Monday, March 23rd. The shares were bought at an average cost of $45.23 per share, with a total value of $452,300.00. Following the transaction, the director now directly owns 18,561 shares of the company’s stock, valued at $839,514.03. The disclosure for this purchase can be found here. 36.60% of the stock is owned by corporate insiders.

Shares of NYSE ORCL traded down $0.31 during trading hours on Tuesday, hitting $52.75. The stock had a trading volume of 275,237 shares, compared to its average volume of 10,258,350. The company has a market capitalization of $169.57 billion, a P/E ratio of 16.69, a P/E/G ratio of 1.41 and a beta of 0.89. The firm’s 50-day moving average price is $52.99 and its two-hundred day moving average price is $52.87. Oracle Co. has a 52 week low of $39.71 and a 52 week high of $60.50. The company has a debt-to-equity ratio of 3.31, a quick ratio of 2.12 and a current ratio of 2.12.

Oracle (NYSE:ORCL) last announced its earnings results on Thursday, March 12th. The enterprise software provider reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.01. The firm had revenue of $9.80 billion during the quarter, compared to analysts’ expectations of $9.75 billion. Oracle had a return on equity of 64.68% and a net margin of 27.06%. The company’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.87 earnings per share. As a group, analysts expect that Oracle Co. will post 3.46 EPS for the current fiscal year.

Oracle announced that its board has authorized a stock repurchase plan on Thursday, March 12th that allows the company to repurchase $15.00 billion in shares. This repurchase authorization allows the enterprise software provider to repurchase up to 9.8% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

ORCL has been the topic of several recent analyst reports. Wedbush restated a “neutral” rating and set a $49.00 price objective (down previously from $56.00) on shares of Oracle in a report on Wednesday, March 11th. Barclays restated a “neutral” rating and set a $50.00 price objective on shares of Oracle in a report on Friday, March 13th. Royal Bank of Canada cut their price objective on Oracle from $57.00 to $48.00 and set a “neutral” rating on the stock in a report on Friday, March 13th. Jefferies Financial Group restated a “neutral” rating and set a $55.00 price objective on shares of Oracle in a report on Thursday, April 9th. Finally, Societe Generale upgraded Oracle from a “hold” rating to a “buy” rating and cut their price objective for the stock from $62.00 to $61.00 in a report on Wednesday, March 4th. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $53.67.

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.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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