Cardinal Capital Management Inc. Sells 71,387 Shares of Oracle Co. (NYSE:ORCL)

Cardinal Capital Management Inc. lessened its position in Oracle Co. (NYSE:ORCL - Free Report) by 33.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 141,999 shares of the enterprise software provider's stock after selling 71,387 shares during the quarter. Cardinal Capital Management Inc.'s holdings in Oracle were worth $19,853,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ORCL. Norges Bank acquired a new position in Oracle during the fourth quarter valued at $2,216,314,000. Raymond James Financial Inc. purchased a new stake in shares of Oracle in the fourth quarter worth approximately $930,095,000. GAMMA Investing LLC lifted its position in shares of Oracle by 15,012.3% in 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 boosted its holdings 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 during the period. Finally, Vanguard Group Inc. grew its position in Oracle by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider's stock valued at $26,231,127,000 after purchasing an additional 2,296,069 shares in the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Oracle

In other news, Director Leon E. Panetta sold 17,500 shares of Oracle stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the sale, the director now owns 58,090 shares of the company's stock, valued at approximately $8,785,531.60. This trade represents a 23.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Naomi O. Seligman sold 2,000 shares of the company's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total value of $291,620.00. Following the completion of the transaction, the director now owns 34,630 shares of the company's stock, valued at $5,049,400.30. The trade was a 5.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,366 shares of company stock worth $4,015,723. Insiders own 42.20% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Bank of America cut their target price on shares of Oracle from $195.00 to $175.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th. UBS Group reiterated a "market perform" rating on shares of Oracle in a report on Tuesday, March 11th. Morgan Stanley boosted their target price on Oracle from $160.00 to $175.00 and gave the company an "equal weight" rating in a research note on Monday. Evercore ISI cut their price target on Oracle from $200.00 to $185.00 and set an "outperform" rating for the company in a research note on Tuesday, March 11th. Finally, Citigroup boosted their price target on Oracle from $160.00 to $186.00 and gave the company a "neutral" rating in a research note on Monday. Thirteen investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $177.35.

Oracle Stock Performance

Shares of Oracle stock traded up $0.46 during trading on Tuesday, reaching $177.61. The company's stock had a trading volume of 11,039,682 shares, compared to its average volume of 9,517,049. Oracle Co. has a one year low of $118.86 and a one year high of $198.31. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market cap of $496.77 billion, a price-to-earnings ratio of 43.43, a price-to-earnings-growth ratio of 3.46 and a beta of 1.32. The business's fifty day moving average price is $147.83 and its 200-day moving average price is $160.13.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.02). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. During the same period in the prior year, the firm earned $1.41 earnings per share. The business's quarterly revenue was up 6.4% on a year-over-year basis. As a group, equities research analysts predict that Oracle Co. will post 5 earnings per share for the current year.

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.