Oracle Co. (NYSE:ORCL) Shares Sold by Financial Security Advisor Inc.

Financial Security Advisor Inc. lowered its holdings in shares of Oracle Co. (NYSE:ORCL) by 5.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,614 shares of the enterprise software provider’s stock after selling 519 shares during the period. Financial Security Advisor Inc.’s holdings in Oracle were worth $1,468,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fairway Wealth LLC acquired a new stake in shares of Oracle in the second quarter worth approximately $27,000. POM Investment Strategies LLC purchased a new position in Oracle during the second quarter worth approximately $30,000. Bbjs Financial Advisors LLC acquired a new position in shares of Oracle in the 2nd quarter valued at $35,000. Reston Wealth Management LLC purchased a new stake in shares of Oracle during the 3rd quarter valued at $44,000. Finally, Quest Partners LLC acquired a new stake in shares of Oracle during the 2nd quarter worth $40,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Stock Up 1.3 %

NYSE:ORCL opened at $171.82 on Wednesday. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $178.61. The company has a market cap of $476.12 billion, a price-to-earnings ratio of 44.28, a P/E/G ratio of 3.13 and a beta of 1.02. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. The stock’s fifty day moving average price is $164.71 and its two-hundred day moving average price is $143.02.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. The business had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.95 EPS. On average, analysts anticipate that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were issued a dividend of $0.40 per share. The ex-dividend date was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.93%. Oracle’s payout ratio is 41.24%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Royal Bank of Canada assumed coverage on shares of Oracle in a research report on Wednesday, October 23rd. They set a “sector perform” rating and a $165.00 price target on the stock. Bank of America increased their price objective on Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. Evercore ISI lifted their price target on Oracle from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. JPMorgan Chase & Co. raised their price objective on Oracle from $110.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Finally, BMO Capital Markets increased their price target on shares of Oracle from $160.00 to $173.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 10th. Eleven research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $168.52.

Insider Activity

In other Oracle news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction on Monday, September 16th. The shares were 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 of the company’s stock, valued at $7,076,685. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 42.20% of the stock is owned by insiders.

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.