Oracle Co. (NYSE:ORCL) Shares Sold by West Oak Capital LLC

West Oak Capital LLC decreased its holdings in Oracle Co. (NYSE:ORCL) by 2.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 27,090 shares of the enterprise software provider’s stock after selling 735 shares during the quarter. Oracle accounts for about 0.9% of West Oak Capital LLC’s investment portfolio, making the stock its 12th largest position. West Oak Capital LLC’s holdings in Oracle were worth $4,616,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of ORCL. Westend Capital Management LLC purchased a new stake in shares of Oracle during the first quarter valued at $25,000. Fairway Wealth LLC acquired a new stake in Oracle during the 2nd quarter worth about $27,000. POM Investment Strategies LLC purchased a new stake in Oracle during the second quarter valued at about $30,000. Bbjs Financial Advisors LLC acquired a new position in shares of Oracle in the second quarter worth about $35,000. Finally, Alaska Permanent Fund Corp purchased a new position in shares of Oracle in the first quarter worth approximately $36,000. Institutional investors own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Mizuho raised their price objective on shares of Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Oppenheimer reaffirmed a “market perform” rating on shares of Oracle in a research report on Tuesday, September 10th. Evercore ISI upped their price target on Oracle from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a research note on Tuesday, September 10th. Finally, Barclays lifted 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. Ten analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Oracle has an average rating of “Moderate Buy” and a consensus target price of $168.67.

Insider Activity at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the company’s 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 $7,076,685. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 42.20% of the stock is owned by corporate insiders.

Oracle Trading Down 0.5 %

Shares of ORCL stock opened at $174.72 on Friday. The business’s 50 day moving average is $156.29 and its two-hundred day moving average is $138.49. 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 Co. has a 12 month low of $99.26 and a 12 month high of $178.61. The company has a market cap of $484.16 billion, a PE ratio of 45.03, a price-to-earnings-growth ratio of 3.25 and a beta of 1.01.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. The business had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. Oracle’s revenue was up 6.9% compared to the same quarter last year. During the same period last year, the business posted $0.95 EPS. Equities analysts predict that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.92%. Oracle’s dividend payout ratio is presently 41.24%.

Oracle Company 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.