Foundry Partners LLC Cuts Stake in Oracle Co. (NYSE:ORCL)

Foundry Partners LLC trimmed its holdings in Oracle Co. (NYSE:ORCL - Free Report) by 18.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 62,123 shares of the enterprise software provider's stock after selling 14,244 shares during the quarter. Foundry Partners LLC's holdings in Oracle were worth $10,586,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Fairway Wealth LLC purchased a new stake in shares of Oracle during the 2nd quarter worth approximately $27,000. POM Investment Strategies LLC purchased a new position in shares of Oracle during the 2nd quarter worth about $30,000. Bbjs Financial Advisors LLC purchased a new position in shares of Oracle during the second quarter valued at approximately $35,000. Koesten Hirschmann & Crabtree INC. bought a new position in Oracle in the 1st quarter valued at $38,000. Finally, Quest Partners LLC bought a new position in shares of Oracle in the second quarter worth about $40,000. 42.44% of the stock is currently owned by institutional investors.

Oracle Stock Performance

NYSE ORCL opened at $190.76 on Thursday. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $191.77. The firm has a market capitalization of $528.61 billion, a P/E ratio of 49.17, a price-to-earnings-growth ratio of 3.48 and a beta of 1.02. The stock's fifty day moving average is $174.39 and its two-hundred day moving average is $148.37. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72.

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

Oracle Dividend Announcement

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

Insider Buying and Selling

In other Oracle news, EVP Maria Smith sold 6,320 shares of the company's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the transaction, 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 filing with the SEC, which is available through this link. 42.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

ORCL has been the topic of several research reports. JPMorgan Chase & Co. raised their price objective on Oracle from $110.00 to $120.00 and gave the stock a "neutral" rating in a report on Monday, September 9th. DA Davidson increased their price objective on Oracle from $105.00 to $140.00 and gave the company a "neutral" rating in a report on Tuesday, September 10th. Guggenheim lifted their target price on shares of Oracle from $185.00 to $200.00 and gave the stock a "buy" rating in a research note on Friday, September 13th. TD Cowen lifted their price target on Oracle from $165.00 to $180.00 and gave the stock a "buy" rating in a research report on Tuesday, September 10th. Finally, Citigroup increased their price objective on shares of Oracle from $140.00 to $157.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 11th. Eleven analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $169.52.

Oracle Company 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.

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