Oracle Co. (NYSE:ORCL) Shares Sold by Everett Harris & Co. CA

Everett Harris & Co. CA reduced its stake in shares of Oracle Co. (NYSE:ORCL) by 1.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,669 shares of the enterprise software provider’s stock after selling 100 shares during the period. Everett Harris & Co. CA’s holdings in Oracle were worth $966,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Ferguson Wellman Capital Management Inc. lifted its holdings in Oracle by 47.1% in the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 7,094 shares of the enterprise software provider’s stock valued at $1,209,000 after purchasing an additional 2,273 shares in the last quarter. Clarity Wealth Advisors LLC lifted its stake in shares of Oracle by 4.8% during the third quarter. Clarity Wealth Advisors LLC now owns 4,485 shares of the enterprise software provider’s stock valued at $764,000 after buying an additional 204 shares during the period. Commonwealth Equity Services LLC boosted its position in Oracle by 1.0% during the third quarter. Commonwealth Equity Services LLC now owns 612,345 shares of the enterprise software provider’s stock worth $104,344,000 after acquiring an additional 6,269 shares during the last quarter. Friedenthal Financial acquired a new stake in Oracle during the third quarter worth approximately $51,000. Finally, NovaPoint Capital LLC grew its stake in Oracle by 3.5% in the 3rd quarter. NovaPoint Capital LLC now owns 26,812 shares of the enterprise software provider’s stock worth $4,569,000 after acquiring an additional 904 shares during the period. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Barclays raised their price objective on Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. Oppenheimer reissued a “market perform” rating on shares of Oracle in a research note on Tuesday, September 10th. Mizuho lifted their price target on Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Guggenheim increased their price objective on shares of Oracle from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Finally, Citigroup boosted their target price on shares of Oracle from $140.00 to $157.00 and gave the company a “neutral” rating in a report on Wednesday, September 11th. Ten equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $168.67.

Oracle Stock Down 0.6 %

NYSE ORCL opened at $174.69 on Friday. The stock has a market cap of $484.08 billion, a PE ratio of 45.02, a P/E/G ratio of 3.25 and a beta of 1.01. The business has a 50 day moving average price of $156.29 and a two-hundred day moving average price of $138.59. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $178.61. 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 (NYSE:ORCL) 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. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The business had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. During the same period last year, the business earned $0.95 EPS. The business’s revenue was up 6.9% on a year-over-year basis. As a group, sell-side analysts predict that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

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

Insider Buying and Selling

In other Oracle news, EVP Maria Smith sold 6,320 shares of the firm’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 sale, the executive vice president now owns 42,889 shares in the company, valued at $7,076,685. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 42.20% of the company’s stock.

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.