SVB Wealth LLC Has $17.19 Million Position in Oracle Co. (NYSE:ORCL)

SVB Wealth LLC lessened its stake in Oracle Co. (NYSE:ORCL) by 5.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 121,759 shares of the enterprise software provider’s stock after selling 7,224 shares during the quarter. SVB Wealth LLC’s holdings in Oracle were worth $17,192,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Westend Capital Management LLC acquired a new stake in shares of Oracle during the 1st quarter valued at about $25,000. POM Investment Strategies LLC acquired a new stake in shares of Oracle in the second quarter worth $30,000. Bbjs Financial Advisors LLC bought a new stake in Oracle during the second quarter valued at about $35,000. Tidemark LLC bought a new stake in Oracle during the 4th quarter valued at approximately $29,000. Finally, Frank Rimerman Advisors LLC acquired a new stake in Oracle in the 4th quarter valued at approximately $30,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Trading Down 0.6 %

NYSE ORCL traded down $0.80 on Friday, reaching $141.81. The company had a trading volume of 11,154,796 shares, compared to its average volume of 8,056,655. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $146.59. The stock’s 50 day moving average is $138.72 and its 200-day moving average is $128.33. The company has a quick ratio of 0.72, a current ratio of 0.71 and a debt-to-equity ratio of 8.25. The stock has a market cap of $390.81 billion, a price-to-earnings ratio of 38.22, a PEG ratio of 2.55 and a beta of 1.01.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $14.57 billion. During the same period in the previous year, the business earned $1.35 EPS. The firm’s revenue was up 3.3% compared to the same quarter last year. Equities analysts predict that Oracle Co. will post 5.02 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend was Thursday, July 11th. Oracle’s dividend payout ratio (DPR) is presently 43.13%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Bank of America increased their price objective on Oracle from $144.00 to $155.00 and gave the company a “neutral” rating in a research report on Wednesday, June 12th. Piper Sandler reissued an “overweight” rating and issued a $150.00 price target on shares of Oracle in a report on Friday, July 12th. Argus upped their price objective on shares of Oracle from $145.00 to $159.00 and gave the company a “buy” rating in a research report on Tuesday, June 18th. Citigroup decreased their target price on Oracle from $133.00 to $128.00 and set a “neutral” rating on the stock in a research report on Monday, June 10th. Finally, Sanford C. Bernstein upped their price target on Oracle from $159.00 to $171.00 and gave the company an “outperform” rating in a report on Wednesday, June 12th. Fourteen analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $145.83.

Insider Activity at Oracle

In other Oracle news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the sale, the chairman now directly owns 1,145,732,353 shares in the company, valued at approximately $164,630,281,802.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Oracle news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the completion of the transaction, the chairman now owns 1,145,732,353 shares in the company, valued at approximately $164,630,281,802.57. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Edward Screven sold 235,918 shares of the business’s stock in a transaction dated 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 owns 2,626,764 shares in the company, valued at $379,042,045.20. The disclosure for this sale can be found here. In the last three months, insiders sold 1,862,500 shares of company stock worth $266,776,624. 42.80% of the stock is owned by company 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.