First Heartland Consultants Inc. Decreases Stock Position in Oracle Co. (NYSE:ORCL)

First Heartland Consultants Inc. decreased its position in Oracle Co. (NYSE:ORCL - Free Report) by 66.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,621 shares of the enterprise software provider's stock after selling 3,271 shares during the period. First Heartland Consultants Inc.'s holdings in Oracle were worth $276,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of ORCL. Fairway Wealth LLC bought a new stake in Oracle in the second quarter valued at $27,000. POM Investment Strategies LLC acquired a new stake in shares of Oracle in the 2nd quarter valued at about $30,000. Bbjs Financial Advisors LLC bought a new stake in Oracle in the 2nd quarter valued at about $35,000. Koesten Hirschmann & Crabtree INC. acquired a new position in Oracle during the 1st quarter worth approximately $38,000. Finally, Quest Partners LLC acquired a new stake in Oracle in the second quarter valued at approximately $40,000. Institutional investors own 42.44% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on ORCL shares. Jefferies Financial Group upped their target price on Oracle from $170.00 to $190.00 and gave the stock a "buy" rating in a research report on Monday, September 16th. Morgan Stanley raised their price objective on shares of Oracle from $125.00 to $145.00 and gave the company an "equal weight" rating in a research note on Tuesday, September 10th. Piper Sandler boosted their target price on shares of Oracle from $150.00 to $175.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 10th. KeyCorp raised their price target on shares of Oracle from $165.00 to $175.00 and gave the company an "overweight" rating in a research report on Tuesday, September 10th. Finally, Melius raised Oracle from a "hold" rating to a "buy" rating and set a $210.00 price objective for the company in a report on Monday, September 16th. Eleven research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $168.52.

Oracle Stock Performance

Shares of ORCL opened at $189.62 on Thursday. The firm has a market cap of $525.45 billion, a PE ratio of 48.87, a PEG ratio of 3.49 and a beta of 1.02. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $191.77. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. The stock's fifty day moving average price is $170.41 and its two-hundred day moving average price is $145.85.

Oracle (NYSE:ORCL - Get Free Report) last posted its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.06. The firm had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The company's revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the company earned $0.95 earnings per share. On average, equities research analysts forecast that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date was Thursday, October 10th. Oracle's payout ratio is presently 41.24%.

Insider Activity

In other news, EVP Maria Smith sold 6,320 shares of the business's stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the transaction, the executive vice president now owns 42,889 shares of the company's stock, valued at approximately $7,076,685. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 42.20% of the company's stock.

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.