Smart Portfolios LLC Has $1.53 Million Position in Oracle Co. (NYSE:ORCL)

Smart Portfolios LLC cut its holdings in Oracle Co. (NYSE:ORCL) by 0.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,975 shares of the enterprise software provider’s stock after selling 70 shares during the quarter. Oracle comprises 1.6% of Smart Portfolios LLC’s portfolio, making the stock its 17th largest position. Smart Portfolios LLC’s holdings in Oracle were worth $1,529,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Fairway Wealth LLC acquired a new position in Oracle during the second quarter valued at approximately $27,000. POM Investment Strategies LLC acquired a new position in shares of Oracle in the 2nd quarter valued at $30,000. Bbjs Financial Advisors LLC bought a new stake in shares of Oracle in the 2nd quarter valued at $35,000. Koesten Hirschmann & Crabtree INC. bought a new stake in shares of Oracle in the 1st quarter valued at $38,000. Finally, Quest Partners LLC acquired a new stake in Oracle during the 2nd quarter worth $40,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Oppenheimer reiterated a “market perform” rating on shares of Oracle in a report on Tuesday, September 10th. TD Cowen lifted their price target on shares of Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Jefferies Financial Group increased their price objective on shares of Oracle from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. Barclays upped their target price on shares of Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. Finally, Royal Bank of Canada assumed coverage on Oracle in a research report on Wednesday, October 23rd. They set a “sector perform” rating and a $165.00 price objective for the company. Eleven analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $168.52.

Insider Transactions at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the transaction, the executive vice president now directly owns 42,889 shares in the company, valued at approximately $7,076,685. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 42.20% of the company’s stock.

Oracle Stock Performance

Shares of ORCL traded up $9.02 during trading hours on Wednesday, hitting $180.80. The company had a trading volume of 3,494,807 shares, compared to its average volume of 8,250,693. The firm has a market cap of $501.01 billion, a price-to-earnings ratio of 46.60, a PEG ratio of 3.13 and a beta of 1.02. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The business has a fifty day moving average of $164.71 and a 200-day moving average of $143.02. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $181.63.

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

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.88%. The ex-dividend date was Thursday, October 10th. Oracle’s payout ratio is 41.24%.

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.