ST Germain D J Co. Inc. Sells 108,631 Shares of Oracle Co. (NYSE:ORCL)

ST Germain D J Co. Inc. lessened its position in shares of Oracle Co. (NYSE:ORCL - Free Report) by 81.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,209 shares of the enterprise software provider's stock after selling 108,631 shares during the period. ST Germain D J Co. Inc.'s holdings in Oracle were worth $4,125,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in ORCL. Westend Capital Management LLC bought a new position in Oracle during the 1st quarter worth about $25,000. Fairway Wealth LLC bought a new position in Oracle during the 2nd quarter worth about $27,000. POM Investment Strategies LLC bought a new position in Oracle during the 2nd quarter worth about $30,000. Bbjs Financial Advisors LLC bought a new position in shares of Oracle in the 2nd quarter valued at about $35,000. Finally, Alaska Permanent Fund Corp bought a new position in shares of Oracle in the 1st quarter valued at about $36,000. Institutional investors own 42.44% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on ORCL shares. Melius Research upgraded Oracle from a "hold" rating to a "buy" rating in a report on Monday, September 16th. Mizuho raised their target price on shares of Oracle from $170.00 to $185.00 and gave the company an "outperform" rating in a research note on Tuesday, September 10th. Oppenheimer reiterated a "market perform" rating on shares of Oracle in a research note on Tuesday, September 10th. TD Cowen raised their target price on shares of Oracle from $165.00 to $180.00 and gave the company a "buy" rating in a research note on Tuesday, September 10th. Finally, JPMorgan Chase & Co. raised their target price on shares of Oracle from $110.00 to $120.00 and gave the company a "neutral" rating in a research note on Monday, September 9th. Ten research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to MarketBeat, Oracle currently has an average rating of "Moderate Buy" and an average price target of $168.67.

Insider Activity at Oracle

In related news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction that occurred 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 directly owns 42,889 shares of the company's stock, valued at $7,076,685. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 42.20% of the stock is currently owned by insiders.

Oracle Price Performance

Shares of NYSE ORCL traded down $0.99 during midday trading on Friday, reaching $174.69. The company's stock had a trading volume of 5,001,257 shares, compared to its average volume of 8,042,321. 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 fifty-two week low of $99.26 and a fifty-two week high of $178.61. The business's 50 day moving average price is $156.29 and its two-hundred day moving average price is $138.49. The company has a market cap of $484.08 billion, a P/E ratio of 45.03, a P/E/G ratio of 3.25 and a beta of 1.01.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly 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 company had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The firm's quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.95 earnings per share. On average, analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.92%. Oracle's dividend payout ratio (DPR) is 41.24%.

Oracle 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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