Oracle Co. (NYSE:ORCL) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. trimmed its holdings in shares of Oracle Co. (NYSE:ORCL - Free Report) by 6.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 424,025 shares of the enterprise software provider's stock after selling 29,436 shares during the period. Vontobel Holding Ltd.'s holdings in Oracle were worth $72,254,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in ORCL. Fairway Wealth LLC acquired a new stake in shares of Oracle during the second quarter worth about $27,000. Westend Capital Management LLC acquired a new stake in shares of Oracle in the first quarter valued at approximately $25,000. POM Investment Strategies LLC purchased a new position in shares of Oracle during the second quarter worth approximately $30,000. Bbjs Financial Advisors LLC acquired a new position in shares of Oracle in the 2nd quarter valued at $35,000. Finally, Quest Partners LLC purchased a new position in Oracle during the 2nd quarter worth $40,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Guggenheim increased 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. Oppenheimer reissued a "market perform" rating on shares of Oracle in a report on Tuesday, September 10th. Citigroup increased their price target on Oracle from $140.00 to $157.00 and gave the stock a "neutral" rating in a report on Wednesday, September 11th. Morgan Stanley boosted 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. Finally, Melius Research raised shares of Oracle from a "hold" rating to a "buy" rating in a report on Monday, September 16th. 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, Oracle presently has an average rating of "Moderate Buy" and a consensus price target of $167.42.

Insider Transactions at Oracle

In other news, Director Leon E. Panetta sold 15,000 shares of the company's stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $137.89, for a total value of $2,068,350.00. Following the completion of the sale, the director now owns 58,090 shares of the company's stock, valued at $8,010,030.10. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Maria Smith sold 6,320 shares of the stock in a transaction that occurred on 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 directly owns 42,889 shares in the company, valued at approximately $7,076,685. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Leon E. Panetta sold 15,000 shares of Oracle stock in a transaction on 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 completion of the sale, the director now owns 58,090 shares of the company's stock, valued at approximately $8,010,030.10. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 42.80% of the company's stock.

Oracle Trading Up 0.4 %

Shares of ORCL traded up $0.68 on Wednesday, hitting $174.77. 5,936,223 shares of the stock traded hands, compared to its average volume of 8,490,436. The stock's 50 day moving average is $153.52 and its two-hundred day moving average is $137.62. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $178.61. The firm has a market capitalization of $481.64 billion, a P/E ratio of 46.56, a P/E/G 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.

Oracle (NYSE:ORCL - Get Free Report) last issued its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating analysts' consensus estimates of $1.33 by $0.06. The firm had revenue of $13.31 billion for the quarter, compared to analysts' expectations of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.95 earnings per share. As a group, sell-side analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be paid a dividend of $0.40 per share. The ex-dividend date is Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.92%. Oracle's dividend payout ratio is currently 43.13%.

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.