Oracle Co. (NYSE:ORCL) Shares Sold by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH reduced its position in shares of Oracle Co. (NYSE:ORCL - Free Report) by 2.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,556,866 shares of the enterprise software provider's stock after selling 45,205 shares during the period. Oracle makes up approximately 1.3% of Fort Washington Investment Advisors Inc. OH's investment portfolio, making the stock its 19th biggest position. Fort Washington Investment Advisors Inc. OH owned 0.06% of Oracle worth $217,665,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in ORCL. Vanguard Group Inc. increased its holdings in shares of Oracle by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider's stock worth $26,231,127,000 after buying an additional 2,296,069 shares in the last quarter. FMR LLC increased its holdings in shares of Oracle by 0.4% during the fourth quarter. FMR LLC now owns 38,002,902 shares of the enterprise software provider's stock worth $6,332,803,000 after buying an additional 156,269 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Oracle by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 35,814,302 shares of the enterprise software provider's stock worth $5,954,961,000 after buying an additional 619,619 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Oracle by 9.3% during the fourth quarter. Franklin Resources Inc. now owns 20,202,421 shares of the enterprise software provider's stock worth $3,366,531,000 after buying an additional 1,722,037 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of Oracle by 12.5% in the fourth quarter. Northern Trust Corp now owns 19,620,534 shares of the enterprise software provider's stock worth $3,269,566,000 after purchasing an additional 2,176,892 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Price Performance

Shares of ORCL stock traded up $23.29 during trading hours on Thursday, hitting $199.67. 54,558,768 shares of the company's stock were exchanged, compared to its average volume of 9,567,888. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. Oracle Co. has a 52 week low of $118.86 and a 52 week high of $202.43. The stock has a market cap of $558.47 billion, a price-to-earnings ratio of 48.82, a price-to-earnings-growth ratio of 3.46 and a beta of 1.32. The stock's 50-day moving average is $149.60 and its 200-day moving average is $160.36.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, beating analysts' consensus estimates of $1.64 by $0.06. The firm had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business's revenue was up 11.3% compared to the same quarter last year. During the same period last year, the company earned $1.63 earnings per share. As a group, research analysts forecast that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 annualized dividend and a yield of 1.00%. Oracle's payout ratio is currently 46.95%.

Analysts Set New Price Targets

ORCL has been the topic of a number of research analyst reports. Citigroup upped their price target on shares of Oracle from $160.00 to $186.00 and gave the company a "neutral" rating in a research report on Monday. Mizuho cut their price objective on shares of Oracle from $210.00 to $180.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. KeyCorp raised their price target on shares of Oracle from $200.00 to $225.00 and gave the company an "overweight" rating in a research report on Thursday. Guggenheim reaffirmed a "buy" rating and issued a $220.00 price target on shares of Oracle in a research report on Thursday. Finally, Cantor Fitzgerald decreased their price objective on shares of Oracle from $214.00 to $175.00 and set an "overweight" rating for the company in a research note on Tuesday, March 11th. Twelve research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Oracle currently has an average rating of "Moderate Buy" and an average price target of $192.30.

Insider Activity

In other Oracle news, Director Naomi O. Seligman sold 2,866 shares of the firm's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $149.53, for a total value of $428,552.98. Following the transaction, the director now directly owns 31,764 shares of the company's stock, valued at approximately $4,749,670.92. This trade represents a 8.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Leon E. Panetta sold 17,500 shares of Oracle stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $151.24, for a total value of $2,646,700.00. Following the sale, the director now directly owns 58,090 shares in the company, valued at $8,785,531.60. This trade represents a 23.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,366 shares of company stock worth $4,015,723 over the last 90 days. 42.20% of the stock is currently owned by corporate insiders.

Oracle 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.