Bessemer Securities LLC Lowers Holdings in Oracle Co. (NYSE:ORCL)

Bessemer Securities LLC reduced its stake in Oracle Co. (NYSE:ORCL) by 44.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,300 shares of the enterprise software provider’s stock after selling 9,700 shares during the period. Oracle makes up 1.0% of Bessemer Securities LLC’s portfolio, making the stock its 24th biggest position. Bessemer Securities LLC’s holdings in Oracle were worth $1,465,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of ORCL. Bank Julius Baer & Co. Ltd Zurich raised its stake in shares of Oracle by 94,707.5% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,122,984,792 shares of the enterprise software provider’s stock worth $133,736,259,000 after purchasing an additional 1,121,800,302 shares during the last quarter. BlackRock Inc. raised its position in Oracle by 1.4% in the 1st quarter. BlackRock Inc. now owns 117,130,967 shares of the enterprise software provider’s stock worth $10,883,809,000 after buying an additional 1,618,027 shares during the last quarter. State Street Corp lifted its stake in Oracle by 2.6% during the 1st quarter. State Street Corp now owns 62,586,810 shares of the enterprise software provider’s stock valued at $5,815,566,000 after acquiring an additional 1,570,528 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Oracle by 0.5% during the 1st quarter. Geode Capital Management LLC now owns 27,753,778 shares of the enterprise software provider’s stock valued at $2,572,592,000 after acquiring an additional 136,383 shares during the last quarter. Finally, FMR LLC grew its stake in shares of Oracle by 12.2% in the first quarter. FMR LLC now owns 24,369,890 shares of the enterprise software provider’s stock worth $2,264,450,000 after acquiring an additional 2,644,377 shares during the period. 42.44% of the stock is currently owned by institutional investors.

Oracle Price Performance

ORCL stock traded up $0.46 during mid-day trading on Monday, hitting $115.82. The company had a trading volume of 614,868 shares, compared to its average volume of 8,849,257. The company has a 50-day moving average price of $108.95 and a 200 day moving average price of $111.75. Oracle Co. has a 12-month low of $78.06 and a 12-month high of $127.54. The company has a market capitalization of $317.27 billion, a price-to-earnings ratio of 34.33, a P/E/G ratio of 2.92 and a beta of 1.03. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 29.72.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, September 11th. The enterprise software provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. Oracle had a negative return on equity of 3,631.39% and a net margin of 18.40%. The company had revenue of $12.45 billion for the quarter, compared to the consensus estimate of $12.48 billion. During the same period in the previous year, the business earned $0.81 earnings per share. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. On average, research analysts anticipate that Oracle Co. will post 4.48 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 26th. Shareholders of record on Thursday, October 12th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, October 11th. This represents a $1.60 annualized dividend and a yield of 1.38%. Oracle’s dividend payout ratio (DPR) is currently 47.62%.

Insiders Place Their Bets

In related news, Director George H. Conrades sold 2,325 shares of Oracle stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $113.76, for a total value of $264,492.00. Following the completion of the transaction, the director now owns 17,836 shares in the company, valued at $2,029,023.36. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 42.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ORCL. DZ Bank upgraded shares of Oracle from a “hold” rating to a “buy” rating and set a $125.00 target price on the stock in a report on Thursday, September 14th. UBS Group reduced their price objective on Oracle from $140.00 to $135.00 and set a “buy” rating for the company in a research report on Tuesday, September 12th. Guggenheim reissued a “buy” rating and issued a $150.00 target price on shares of Oracle in a report on Friday, September 22nd. Citigroup boosted their price target on Oracle from $121.00 to $138.00 and gave the company a “neutral” rating in a research note on Monday, September 11th. Finally, Monness Crespi & Hardt cut shares of Oracle from a “buy” rating to a “neutral” rating in a research note on Tuesday, September 12th. Eleven investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $124.23.

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.