ING Groep NV Sells 74,514 Shares of Oracle Co. (NYSE:ORCL)

ING Groep NV reduced its position in Oracle Co. (NYSE:ORCL - Free Report) by 26.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 210,997 shares of the enterprise software provider's stock after selling 74,514 shares during the quarter. ING Groep NV's holdings in Oracle were worth $35,954,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Blair William & Co. IL increased its holdings in Oracle by 11.3% in the 1st quarter. Blair William & Co. IL now owns 258,411 shares of the enterprise software provider's stock valued at $32,459,000 after purchasing an additional 26,255 shares in the last quarter. Brighton Jones LLC increased its holdings in Oracle by 114.9% in the 1st quarter. Brighton Jones LLC now owns 155,607 shares of the enterprise software provider's stock valued at $19,546,000 after purchasing an additional 83,209 shares in the last quarter. Dorsey & Whitney Trust CO LLC increased its holdings in Oracle by 3.9% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 22,002 shares of the enterprise software provider's stock valued at $2,764,000 after purchasing an additional 834 shares in the last quarter. GM Advisory Group LLC increased its holdings in Oracle by 2.3% in the 1st quarter. GM Advisory Group LLC now owns 12,590 shares of the enterprise software provider's stock valued at $1,581,000 after purchasing an additional 278 shares in the last quarter. Finally, Wintrust Investments LLC increased its holdings in Oracle by 2.7% in the 1st quarter. Wintrust Investments LLC now owns 33,439 shares of the enterprise software provider's stock valued at $4,200,000 after purchasing an additional 865 shares in the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Oracle

In related news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction on 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 in the company, valued at $7,076,685. This trade represents a 12.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 42.20% of the company's stock.

Oracle Stock Performance

Shares of ORCL traded down $2.55 during mid-day trading on Thursday, reaching $187.08. 7,802,350 shares of the company's stock traded hands, compared to its average volume of 8,252,787. The business's 50-day moving average price is $170.41 and its 200-day moving average price is $145.85. The stock has a market capitalization of $518.41 billion, a P/E ratio of 48.22, a price-to-earnings-growth ratio of 3.49 and a beta of 1.02. 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 Co. has a 12 month low of $99.26 and a 12 month high of $191.77.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 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 business had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. During the same quarter last year, the business earned $0.95 earnings per share. The business's revenue for the quarter was up 6.9% on a year-over-year basis. Equities analysts predict that Oracle Co. will post 5 earnings per share 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 paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle's dividend payout ratio (DPR) is currently 41.24%.

Analyst Ratings Changes

Several analysts have recently weighed in on ORCL shares. UBS Group restated a "market outperform" rating on shares of Oracle in a research note on Friday, October 18th. Melius Research upgraded Oracle from a "hold" rating to a "buy" rating in a research note on Monday, September 16th. Citigroup raised their target price on Oracle from $140.00 to $157.00 and gave the company a "neutral" rating in a research note on Wednesday, September 11th. Piper Sandler raised their target price on Oracle from $150.00 to $175.00 and gave the company an "overweight" rating in a research note on Tuesday, September 10th. Finally, Oppenheimer restated a "market perform" rating on shares of Oracle in a research note on Tuesday, September 10th. Eleven research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $168.52.

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.