Prime Capital Investment Advisors LLC Sells 7,346 Shares of Oracle Co. (NYSE:ORCL)

Prime Capital Investment Advisors LLC lessened its holdings in shares of Oracle Co. (NYSE:ORCL - Free Report) by 11.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,020 shares of the enterprise software provider's stock after selling 7,346 shares during the quarter. Prime Capital Investment Advisors LLC's holdings in Oracle were worth $9,375,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Fairway Wealth LLC bought a new stake in Oracle in the second quarter worth $27,000. POM Investment Strategies LLC acquired a new position in shares of Oracle during the 2nd quarter worth about $30,000. Bbjs Financial Advisors LLC bought a new stake in Oracle during the 2nd quarter valued at approximately $35,000. Koesten Hirschmann & Crabtree INC. acquired a new stake in Oracle in the 1st quarter valued at approximately $38,000. Finally, Quest Partners LLC acquired a new position in shares of Oracle during the second quarter worth approximately $40,000. Institutional investors and hedge funds own 42.44% of the company's stock.

Oracle Trading Up 0.0 %

Shares of NYSE ORCL traded up $0.04 during mid-day trading on Wednesday, hitting $189.62. The company's stock had a trading volume of 5,692,996 shares, compared to its average volume of 8,254,838. The company's fifty day simple moving average is $169.43 and its 200-day simple moving average is $145.54. Oracle Co. has a one year low of $99.26 and a one year high of $191.77. The stock has a market cap of $525.45 billion, a price-to-earnings ratio of 48.96, 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 current ratio of 0.72 and a quick ratio of 0.72.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings results 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 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 in the prior year, the business posted $0.95 EPS. Oracle's revenue was up 6.9% on a year-over-year basis. On average, sell-side analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were paid a $0.40 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.84%. Oracle's payout ratio is 41.24%.

Analyst Ratings Changes

Several research firms recently commented on ORCL. TD Cowen upped 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. Sanford C. Bernstein boosted their price target on Oracle from $201.00 to $202.00 and gave the company an "outperform" rating in a research note on Monday, September 30th. Stifel Nicolaus raised their price objective on Oracle from $135.00 to $155.00 and gave the stock a "hold" rating in a research report on Tuesday, September 10th. Barclays upped their target price on Oracle from $160.00 to $172.00 and gave the company an "overweight" rating in a research note on Tuesday, September 10th. Finally, Bank of America lifted their price target on shares of Oracle from $155.00 to $175.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 10th. Eleven research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company's stock. According to data from MarketBeat.com, Oracle currently has an average rating of "Moderate Buy" and an average target price of $168.52.

Insider Transactions at Oracle

In related 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 sale, the executive vice president now directly owns 42,889 shares of the company's stock, valued at approximately $7,076,685. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 42.20% of the stock is currently owned by insiders.

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.