Cooper Financial Group Sells 566 Shares of Oracle Co. (NYSE:ORCL)

Cooper Financial Group cut its stake in Oracle Co. (NYSE:ORCL) by 11.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,472 shares of the enterprise software provider’s stock after selling 566 shares during the period. Cooper Financial Group’s holdings in Oracle were worth $562,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. V Square Quantitative Management LLC acquired a new position in shares of Oracle in the 3rd quarter worth approximately $174,000. Fuller & Thaler Asset Management Inc. boosted its stake in Oracle by 5.1% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 8,265 shares of the enterprise software provider’s stock worth $875,000 after purchasing an additional 404 shares in the last quarter. Ontario Teachers Pension Plan Board grew its holdings in shares of Oracle by 38.9% during the third quarter. Ontario Teachers Pension Plan Board now owns 14,663 shares of the enterprise software provider’s stock worth $1,553,000 after purchasing an additional 4,106 shares during the last quarter. Federated Hermes Inc. increased its stake in shares of Oracle by 39.8% in the third quarter. Federated Hermes Inc. now owns 46,305 shares of the enterprise software provider’s stock valued at $4,905,000 after buying an additional 13,183 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC raised its holdings in shares of Oracle by 22.3% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 7,841 shares of the enterprise software provider’s stock valued at $831,000 after buying an additional 1,428 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Up 0.0 %

NYSE:ORCL opened at $141.54 on Monday. The stock has a market cap of $389.02 billion, a price-to-earnings ratio of 38.14, a PEG ratio of 2.59 and a beta of 1.01. The company has a current ratio of 0.71, a quick ratio of 0.85 and a debt-to-equity ratio of 8.25. The stock has a 50-day moving average price of $123.07 and a two-hundred day moving average price of $117.11. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $145.32.

Oracle (NYSE:ORCL) last posted its earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). Oracle had a return on equity of 223.01% and a net margin of 19.76%. The business had revenue of $14.29 billion for the quarter, compared to the consensus estimate of $14.57 billion. During the same period in the previous year, the company posted $1.35 earnings per share. Oracle’s revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, equities analysts expect that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, July 11th will be given a $0.40 dividend. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $1.60 annualized dividend and a yield of 1.13%. Oracle’s dividend payout ratio is currently 43.13%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ORCL. TD Cowen raised their price objective on shares of Oracle from $145.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, June 12th. StockNews.com cut shares of Oracle from a “buy” rating to a “hold” rating in a research report on Thursday, June 6th. Morgan Stanley increased their price objective on Oracle from $115.00 to $125.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 12th. DA Davidson restated a “neutral” rating and set a $105.00 target price on shares of Oracle in a research report on Wednesday, June 12th. Finally, JPMorgan Chase & Co. upped their price target on Oracle from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, June 12th. Fourteen investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and an average target price of $144.79.

Insider Buying and Selling

In other Oracle news, Director George H. Conrades sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $116.00, for a total value of $2,320,000.00. Following the sale, the director now owns 17,836 shares in the company, valued at approximately $2,068,976. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director George H. Conrades sold 20,000 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $116.00, for a total transaction of $2,320,000.00. Following the completion of the transaction, the director now directly owns 17,836 shares in the company, valued at approximately $2,068,976. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director George H. Conrades sold 25,000 shares of Oracle stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $116.13, for a total value of $2,903,250.00. Following the completion of the sale, the director now directly owns 17,836 shares in the company, valued at approximately $2,071,294.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 902,500 shares of company stock valued at $113,708,350. Company insiders own 42.80% 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.