Oracle Co. (NYSE:ORCL) Shares Sold by B & T Capital Management DBA Alpha Capital Management

B & T Capital Management DBA Alpha Capital Management trimmed its holdings in shares of Oracle Co. (NYSE:ORCL) by 8.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,665 shares of the enterprise software provider’s stock after selling 3,411 shares during the period. Oracle makes up about 1.2% of B & T Capital Management DBA Alpha Capital Management’s holdings, making the stock its 28th biggest position. B & T Capital Management DBA Alpha Capital Management’s holdings in Oracle were worth $6,248,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in ORCL. Steigerwald Gordon & Koch Inc. boosted its holdings in Oracle by 1.2% in the 3rd quarter. Steigerwald Gordon & Koch Inc. now owns 5,870 shares of the enterprise software provider’s stock valued at $1,000,000 after purchasing an additional 70 shares during the period. UMB Bank n.a. increased its holdings in shares of Oracle by 60.7% during the third quarter. UMB Bank n.a. now owns 142,013 shares of the enterprise software provider’s stock worth $24,199,000 after buying an additional 53,667 shares in the last quarter. Cypress Wealth Services LLC raised its holdings in shares of Oracle by 2.3% in the third quarter. Cypress Wealth Services LLC now owns 5,749 shares of the enterprise software provider’s stock valued at $980,000 after buying an additional 127 shares during the last quarter. Morton Capital Management LLC CA increased its holdings in shares of Oracle by 17.6% in the third quarter. Morton Capital Management LLC CA now owns 9,670 shares of the enterprise software provider’s stock valued at $1,648,000 after purchasing an additional 1,449 shares in the last quarter. Finally, Heritage Wealth Partners LLC bought a new stake in Oracle during the 3rd quarter worth about $240,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Activity

In other news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of Oracle stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $143.69, for a total value of $161,651,250.00. Following the completion of the sale, the chairman now directly owns 1,145,732,353 shares in the company, valued at $164,630,281,802.57. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of Oracle stock in a transaction on Monday, July 15th. The shares were sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the transaction, the chairman now owns 1,145,732,353 shares in the company, valued at $164,630,281,802.57. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction that occurred on 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 approximately $7,076,685. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,146,320 shares of company stock worth $164,762,400 over the last three months. 42.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on ORCL shares. Stifel Nicolaus lifted their price target on shares of Oracle from $135.00 to $155.00 and gave the stock a “hold” rating in a research report on Tuesday, September 10th. KeyCorp lifted their price target on Oracle from $165.00 to $175.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. JMP Securities raised shares of Oracle from a “market perform” rating to an “outperform” rating and set a $175.00 price objective on the stock in a research report on Tuesday, September 10th. Bank of America upped their price target on shares of Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. Finally, JPMorgan Chase & Co. lifted their price objective on Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Ten investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $167.42.

Oracle Trading Down 1.3 %

Oracle stock traded down $2.23 during mid-day trading on Thursday, hitting $175.66. The company’s stock had a trading volume of 3,467,617 shares, compared to its average volume of 8,529,713. The stock has a market cap of $484.09 billion, a price-to-earnings ratio of 47.23, a price-to-earnings-growth ratio of 3.09 and a beta of 1.01. The business has a 50 day moving average price of $150.03 and a 200-day moving average price of $136.15. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $178.61.

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

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be paid a $0.40 dividend. The ex-dividend date is Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.91%. Oracle’s dividend payout ratio is currently 43.13%.

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.