Deroy & Devereaux Private Investment Counsel Inc. Trims Holdings in Oracle Co. (NYSE:ORCL)

Deroy & Devereaux Private Investment Counsel Inc. trimmed its position in Oracle Co. (NYSE:ORCL) by 22.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 191,952 shares of the enterprise software provider’s stock after selling 56,944 shares during the quarter. Oracle comprises approximately 1.9% of Deroy & Devereaux Private Investment Counsel Inc.’s holdings, making the stock its 18th biggest position. Deroy & Devereaux Private Investment Counsel Inc.’s holdings in Oracle were worth $32,709,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. United Asset Strategies Inc. increased its holdings in Oracle by 41.7% in the 3rd quarter. United Asset Strategies Inc. now owns 19,501 shares of the enterprise software provider’s stock worth $3,323,000 after acquiring an additional 5,737 shares in the last quarter. Whelan Financial purchased a new stake in Oracle during the 3rd quarter valued at approximately $238,000. Rosenberg Matthew Hamilton grew its holdings in Oracle by 3.3% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 4,127 shares of the enterprise software provider’s stock valued at $703,000 after buying an additional 130 shares in the last quarter. Congress Asset Management Co. grew its holdings in Oracle by 1.3% during the 3rd quarter. Congress Asset Management Co. now owns 107,441 shares of the enterprise software provider’s stock valued at $18,308,000 after buying an additional 1,358 shares in the last quarter. Finally, Catalyst Financial Partners LLC grew its holdings in Oracle by 7.4% during the 3rd quarter. Catalyst Financial Partners LLC now owns 6,308 shares of the enterprise software provider’s stock valued at $1,075,000 after buying an additional 437 shares in the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now owns 42,889 shares in the company, valued at approximately $7,076,685. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 42.20% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ORCL shares. Piper Sandler increased their price objective on shares of Oracle from $150.00 to $175.00 and gave the company an “overweight” rating in a report on Tuesday, September 10th. BMO Capital Markets increased their price objective on shares of Oracle from $160.00 to $173.00 and gave the company a “market perform” rating in a report on Tuesday, September 10th. StockNews.com lowered shares of Oracle from a “buy” rating to a “hold” rating in a report on Friday, October 25th. Jefferies Financial Group raised their target price on shares of Oracle from $170.00 to $190.00 and gave the company a “buy” rating in a report on Monday, September 16th. Finally, DA Davidson raised their target price on shares of Oracle from $105.00 to $140.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Twelve research analysts have rated the stock with a hold rating and nineteen have issued 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 a consensus price target of $168.52.

Oracle Stock Performance

ORCL stock opened at $167.83 on Friday. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. The business has a 50-day moving average price of $162.81 and a 200 day moving average price of $141.58. The company has a market capitalization of $465.07 billion, a P/E ratio of 43.26, a PEG ratio of 3.22 and a beta of 1.01. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $178.61.

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 the consensus estimate 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 for the quarter, compared to analyst estimates of $13.23 billion. During the same quarter in the previous year, the firm earned $0.95 earnings per share. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. As a group, equities research analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The business 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 was Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.95%. Oracle’s dividend payout ratio (DPR) 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.