Brown Financial Advisors reduced its stake in shares of Oracle Co. (NYSE:ORCL - Free Report) by 50.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,061 shares of the enterprise software provider's stock after selling 3,060 shares during the period. Brown Financial Advisors' holdings in Oracle were worth $522,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the stock. Great Valley Advisor Group Inc. lifted its holdings in Oracle by 11.7% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 16,013 shares of the enterprise software provider's stock worth $2,261,000 after purchasing an additional 1,678 shares in the last quarter. ORG Partners LLC grew its stake in Oracle by 624.0% during the second quarter. ORG Partners LLC now owns 6,719 shares of the enterprise software provider's stock valued at $961,000 after acquiring an additional 5,791 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in Oracle by 10.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 139,571 shares of the enterprise software provider's stock valued at $19,707,000 after acquiring an additional 13,412 shares in the last quarter. Cornerstone Wealth Management LLC increased its holdings in Oracle by 2.8% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 3,952 shares of the enterprise software provider's stock valued at $558,000 after acquiring an additional 108 shares during the last quarter. Finally, Oak Ridge Investments LLC purchased a new stake in Oracle in the 2nd quarter worth $235,000. 42.44% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on ORCL shares. Citigroup boosted their target price on Oracle from $157.00 to $194.00 and gave the stock a "neutral" rating in a research report on Tuesday. Melius upgraded shares of Oracle from a "hold" rating to a "buy" rating and set a $210.00 price target on the stock in a research report on Monday, September 16th. DA Davidson upped their price target on shares of Oracle from $140.00 to $150.00 and gave the company a "neutral" rating in a research note on Tuesday. UBS Group lifted their price objective on shares of Oracle from $200.00 to $210.00 and gave the stock a "buy" rating in a research note on Tuesday. Finally, Mizuho upped their target price on shares of Oracle from $185.00 to $210.00 and gave the company an "outperform" rating in a research report on Tuesday. Twelve analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $181.48.
View Our Latest Report on Oracle
Oracle Stock Up 0.8 %
NYSE ORCL traded up $1.43 on Wednesday, reaching $179.17. 6,962,020 shares of the stock traded hands, compared to its average volume of 8,376,356. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $198.31. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. The company has a fifty day moving average price of $179.97 and a 200-day moving average price of $155.06. The company has a market cap of $496.49 billion, a price-to-earnings ratio of 46.06, a PEG ratio of 3.49 and a beta of 1.03.
Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts' consensus estimates of $1.48 by ($0.01). The business had revenue of $14.06 billion during the quarter, compared to analysts' expectations of $14.12 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm's revenue was up 8.6% compared to the same quarter last year. During the same period last year, the company earned $1.34 earnings per share. As a group, research analysts forecast that Oracle Co. will post 5.06 EPS for the current fiscal year.
Oracle Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Thursday, January 9th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend is Thursday, January 9th. Oracle's dividend payout ratio (DPR) is 41.24%.
Insider Buying and Selling at Oracle
In related news, EVP Maria Smith sold 6,320 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the sale, the executive vice president now owns 42,889 shares of the company's stock, valued at $7,076,685. This represents a 12.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 42.20% of the company's stock.
Oracle Company Profile
(
Free Report)
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.
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