North Star Asset Management Inc. Has $2.73 Million Holdings in Oracle Co. (NYSE:ORCL)

North Star Asset Management Inc. lessened its position in shares of Oracle Co. (NYSE:ORCL) by 0.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,296 shares of the enterprise software provider’s stock after selling 125 shares during the period. North Star Asset Management Inc.’s holdings in Oracle were worth $2,725,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ORCL. Westend Capital Management LLC acquired a new position in shares of Oracle during the first quarter worth $25,000. Tidemark LLC acquired a new position in shares of Oracle in the fourth quarter valued at approximately $29,000. Nordwand Advisors LLC acquired a new position in shares of Oracle in the fourth quarter valued at approximately $30,000. Frank Rimerman Advisors LLC bought a new position in Oracle in the 4th quarter valued at approximately $30,000. Finally, POM Investment Strategies LLC acquired a new stake in Oracle during the 2nd quarter worth approximately $30,000. 42.44% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Oracle news, insider Edward Screven sold 235,918 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $144.30, for a total value of $34,042,967.40. Following the completion of the sale, the insider now owns 2,626,764 shares of the company’s stock, valued at $379,042,045.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Oracle news, insider Edward Screven sold 235,918 shares of the business’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $144.30, for a total value of $34,042,967.40. Following the completion of the sale, the insider now directly owns 2,626,764 shares of the company’s stock, valued at $379,042,045.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeffrey Berg sold 22,500 shares of the firm’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $143.12, for a total value of $3,220,200.00. Following the transaction, the director now directly owns 210,712 shares in the company, valued at $30,157,101.44. The disclosure for this sale can be found here. Insiders sold a total of 1,862,500 shares of company stock valued at $266,776,624 over the last 90 days. Insiders own 42.80% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. TD Cowen lifted their price target on shares of Oracle from $145.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, June 12th. BMO Capital Markets raised their price objective on Oracle from $142.00 to $160.00 and gave the stock a “market perform” rating in a research report on Monday, June 17th. Evercore ISI increased their target price on shares of Oracle from $145.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday, June 12th. Piper Sandler restated an “overweight” rating and issued a $150.00 price target on shares of Oracle in a research report on Friday, July 12th. Finally, Stifel Nicolaus lifted their target price on shares of Oracle from $120.00 to $135.00 and gave the stock a “hold” rating in a research note on Wednesday, June 12th. Fourteen equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $145.83.

Oracle Stock Performance

NYSE:ORCL opened at $141.78 on Friday. The business’s fifty day moving average is $138.72 and its 200 day moving average is $128.33. The firm has a market cap of $390.73 billion, a price-to-earnings ratio of 38.22, a PEG ratio of 2.55 and a beta of 1.01. The company has a debt-to-equity ratio of 8.25, a quick ratio of 0.72 and a current ratio of 0.71. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $146.59.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). Oracle had a return on equity of 223.01% and a net margin of 19.76%. The firm had revenue of $14.29 billion during the quarter, compared to analysts’ expectations of $14.57 billion. During the same period in the previous year, the company posted $1.35 earnings per share. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. Research analysts predict that Oracle Co. will post 5.02 EPS for the current year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th were given a dividend of $0.40 per share. The ex-dividend date was Thursday, July 11th. This represents a $1.60 dividend on an annualized basis and a yield of 1.13%. Oracle’s payout ratio is 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.