Edgestream Partners L.P. Reduces Stock Position in Oracle Co. (NYSE:ORCL)

Edgestream Partners L.P. trimmed its position in Oracle Co. (NYSE:ORCL) by 73.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,664 shares of the enterprise software provider’s stock after selling 10,107 shares during the period. Edgestream Partners L.P.’s holdings in Oracle were worth $517,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Brio Consultants LLC raised its holdings in Oracle by 4.1% in the 4th quarter. Brio Consultants LLC now owns 2,942 shares of the enterprise software provider’s stock valued at $310,000 after acquiring an additional 117 shares during the last quarter. Precision Wealth Strategies LLC increased its stake in Oracle by 4.1% in the fourth quarter. Precision Wealth Strategies LLC now owns 3,951 shares of the enterprise software provider’s stock valued at $417,000 after purchasing an additional 155 shares during the last quarter. Gilbert & Cook Inc. purchased a new position in Oracle during the fourth quarter worth about $359,000. Aveo Capital Partners LLC acquired a new stake in Oracle in the 4th quarter worth about $290,000. Finally, 9258 Wealth Management LLC grew its holdings in Oracle by 0.6% in the 4th quarter. 9258 Wealth Management LLC now owns 90,285 shares of the enterprise software provider’s stock valued at $9,519,000 after buying an additional 560 shares during the period. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Oracle news, EVP Maria Smith sold 6,320 shares of the firm’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 owns 42,889 shares of the company’s stock, valued at $7,076,685. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Oracle news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $165.00, for a total value of $1,042,800.00. Following the sale, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Edward Screven sold 37,221 shares of the company’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $140.19, for a total transaction of $5,218,011.99. Following the transaction, the insider now owns 2,626,764 shares of the company’s stock, valued at approximately $368,246,045.16. The disclosure for this sale can be found here. In the last three months, insiders sold 1,610,402 shares of company stock valued at $230,556,257. Company insiders own 42.80% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on ORCL. JMP Securities raised shares of Oracle from a “market perform” rating to an “outperform” rating and set a $175.00 target price on the stock in a research report on Tuesday, September 10th. Evercore ISI boosted their price objective on shares of Oracle from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a report on Tuesday, September 10th. JPMorgan Chase & Co. lifted their target price on Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Finally, Stifel Nicolaus upped their price target on Oracle from $135.00 to $155.00 and gave the stock a “hold” rating in a research note on Tuesday, September 10th. Ten research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $166.13.

Oracle Stock Performance

Shares of ORCL stock opened at $168.00 on Monday. The stock has a market capitalization of $465.52 billion, a price-to-earnings ratio of 45.28, a PEG ratio of 3.21 and a beta of 1.01. Oracle Co. has a one year low of $99.26 and a one year high of $173.99. The company’s 50-day simple moving average is $142.30 and its 200-day simple moving average is $132.10. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72.

Oracle (NYSE:ORCL) last released its earnings results 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%. Oracle’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.95 EPS. Equities analysts anticipate that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be given a $0.40 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.95%. Oracle’s payout ratio is currently 43.13%.

Oracle 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.