Oracle Co. (NYSE:ORCL) Shares Sold by GoalVest Advisory LLC

GoalVest Advisory LLC lessened its holdings in shares of Oracle Co. (NYSE:ORCL) by 20.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 400 shares of the enterprise software provider’s stock after selling 100 shares during the period. GoalVest Advisory LLC’s holdings in Oracle were worth $68,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in ORCL. Patten & Patten Inc. TN increased its position in Oracle by 13.8% during the first quarter. Patten & Patten Inc. TN now owns 9,018 shares of the enterprise software provider’s stock worth $1,133,000 after buying an additional 1,096 shares during the period. Edgestream Partners L.P. increased its position in Oracle by 91.7% during the first quarter. Edgestream Partners L.P. now owns 13,771 shares of the enterprise software provider’s stock worth $1,730,000 after buying an additional 6,587 shares during the period. Ironwood Investment Counsel LLC acquired a new position in shares of Oracle in the first quarter valued at approximately $347,000. Cynosure Group LLC acquired a new position in shares of Oracle in the first quarter valued at approximately $396,000. Finally, Covestor Ltd raised its stake in shares of Oracle by 35.3% during the first quarter. Covestor Ltd now owns 1,329 shares of the enterprise software provider’s stock worth $167,000 after purchasing an additional 347 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ORCL. Morgan Stanley upped their price target on Oracle from $125.00 to $145.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 10th. JMP Securities upped their price target on Oracle from $175.00 to $205.00 and gave the stock a “market outperform” rating in a research note on Friday, October 18th. KeyCorp upped their price target on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday. Piper Sandler upped their price target on Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. Finally, Barclays upped their price target on Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. Eleven analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $169.52.

Oracle Stock Performance

NYSE ORCL opened at $183.74 on Friday. The business’s 50-day moving average price is $172.14 and its 200 day moving average price is $146.83. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $191.77. The company has a market capitalization of $509.15 billion, a PE ratio of 47.36, a price-to-earnings-growth ratio of 3.39 and a beta of 1.02. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68.

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

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were issued a $0.40 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.87%. Oracle’s dividend payout ratio (DPR) is 41.24%.

Insider Transactions at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the firm’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 directly owns 42,889 shares in the company, valued at approximately $7,076,685. This trade represents a 12.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 42.20% of the company’s stock.

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.