Oracle Co. (NYSE:ORCL) Shares Sold by MAI Capital Management

MAI Capital Management lessened its holdings in Oracle Co. (NYSE:ORCL - Free Report) by 3.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 257,109 shares of the enterprise software provider's stock after selling 8,201 shares during the period. MAI Capital Management's holdings in Oracle were worth $43,811,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. Principal Financial Group Inc. lifted its stake in Oracle by 5.3% during the 3rd quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider's stock worth $411,748,000 after acquiring an additional 121,874 shares in the last quarter. Itau Unibanco Holding S.A. lifted its stake in Oracle by 15.3% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 24,800 shares of the enterprise software provider's stock worth $3,502,000 after acquiring an additional 3,300 shares in the last quarter. Chase Investment Counsel Corp acquired a new position in Oracle during the 3rd quarter worth about $4,160,000. Oppenheimer Asset Management Inc. lifted its stake in Oracle by 79.6% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 286,460 shares of the enterprise software provider's stock worth $48,813,000 after acquiring an additional 126,985 shares in the last quarter. Finally, Buckley Wealth Management LLC lifted its stake in Oracle by 63.8% during the 3rd quarter. Buckley Wealth Management LLC now owns 7,370 shares of the enterprise software provider's stock worth $1,256,000 after acquiring an additional 2,870 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

Oracle Stock Performance

NYSE:ORCL traded up $2.01 during mid-day trading on Monday, reaching $185.75. 6,289,547 shares of the stock were exchanged, compared to its average volume of 8,247,291. The company has a 50 day simple moving average of $173.06 and a 200-day simple moving average of $147.56. The stock has a market capitalization of $514.72 billion, a P/E ratio of 47.87, a P/E/G ratio of 3.39 and a beta of 1.02. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. Oracle Co. has a 1 year low of $99.26 and a 1 year 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 earnings per share for the quarter, topping analysts' consensus estimates of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The company had revenue of $13.31 billion during the quarter, compared to analysts' expectations of $13.23 billion. During the same period last year, the firm earned $0.95 EPS. The firm's revenue for the quarter was up 6.9% on a year-over-year basis. Analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were given a dividend of $0.40 per share. The ex-dividend date was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.86%. Oracle's payout ratio is 41.24%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Stifel Nicolaus increased their target price on Oracle from $135.00 to $155.00 and gave the stock a "hold" rating in a research note on Tuesday, September 10th. Melius raised Oracle from a "hold" rating to a "buy" rating and set a $210.00 target price on the stock in a research note on Monday, September 16th. Melius Research raised Oracle from a "hold" rating to a "buy" rating in a research note on Monday, September 16th. Sanford C. Bernstein increased their price target on Oracle from $201.00 to $202.00 and gave the company an "outperform" rating in a research report on Monday, September 30th. Finally, KeyCorp increased their price target on Oracle from $190.00 to $200.00 and gave the company an "overweight" rating in a research report on Friday. Eleven investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $169.52.

Insiders Place Their Bets

In other news, EVP Maria Smith sold 6,320 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the sale, the executive vice president now directly owns 42,889 shares of the company's stock, valued at $7,076,685. This trade represents a 12.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 42.20% of the stock is owned by insiders.

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.