Ritholtz Wealth Management Sells 10,256 Shares of Oracle Co. (NYSE:ORCL)

Ritholtz Wealth Management lessened its holdings in Oracle Co. (NYSE:ORCL - Free Report) by 12.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 72,856 shares of the enterprise software provider's stock after selling 10,256 shares during the period. Ritholtz Wealth Management's holdings in Oracle were worth $12,415,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Westend Capital Management LLC bought a new position in Oracle in the 1st quarter worth $25,000. Fairway Wealth LLC bought a new position in Oracle in the 2nd quarter worth $27,000. POM Investment Strategies LLC bought a new position in Oracle in the 2nd quarter worth $30,000. Bbjs Financial Advisors LLC bought a new position in Oracle in the 2nd quarter worth $35,000. Finally, Alaska Permanent Fund Corp bought a new position in Oracle in the 1st quarter worth $36,000. Institutional investors and hedge funds own 42.44% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on ORCL shares. Guggenheim upped their price objective on shares of Oracle from $185.00 to $200.00 and gave the company a "buy" rating in a research report on Friday, September 13th. Evercore ISI upped their price objective on shares of Oracle from $160.00 to $175.00 and gave the company an "outperform" rating in a research report on Tuesday, September 10th. Piper Sandler upped their price objective on shares of Oracle from $150.00 to $175.00 and gave the company an "overweight" rating in a research report on Tuesday, September 10th. KeyCorp upped their price objective 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, Oppenheimer reaffirmed a "market perform" rating on shares of Oracle in a research report on Tuesday, September 10th. Ten research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $167.42.

Oracle Trading Up 0.2 %

ORCL stock traded up $0.36 during midday trading on Friday, reaching $175.77. The company's stock had a trading volume of 5,869,413 shares, compared to its average volume of 8,534,808. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $178.61. The stock has a market cap of $487.07 billion, a PE ratio of 45.30, a price-to-earnings-growth ratio of 3.29 and a beta of 1.01. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The business's 50-day simple moving average is $151.64 and its 200-day simple moving average is $136.77.

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 company had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The business's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period last year, the business posted $0.95 earnings per share. As a group, sell-side analysts expect that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date is Thursday, October 10th. Oracle's dividend payout ratio (DPR) is currently 41.24%.

Insider Activity at Oracle

In other news, EVP Maria Smith sold 6,320 shares of Oracle 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 completion of the transaction, the executive vice president now owns 42,889 shares of the company's stock, valued at $7,076,685. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, EVP Maria Smith sold 6,320 shares of Oracle 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 completion of the transaction, the executive vice president now owns 42,889 shares of the company's stock, valued at $7,076,685. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Leon E. Panetta sold 15,000 shares of Oracle stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the sale, the director now directly owns 58,090 shares of the company's stock, valued at $8,010,030.10. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,146,320 shares of company stock valued at $164,762,400. Corporate insiders own 42.20% of the company's stock.

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.