Oracle Co. (NYSE:ORCL) Shares Sold by Resources Management Corp CT ADV

Resources Management Corp CT ADV lessened its holdings in shares of Oracle Co. (NYSE:ORCL) by 1.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 46,825 shares of the enterprise software provider’s stock after selling 717 shares during the period. Oracle accounts for approximately 1.0% of Resources Management Corp CT ADV’s holdings, making the stock its 26th biggest position. Resources Management Corp CT ADV’s holdings in Oracle were worth $6,612,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Westend Capital Management LLC bought a new stake in Oracle in the first quarter valued at $25,000. Fairway Wealth LLC bought a new position in Oracle in the 2nd quarter worth about $27,000. Frank Rimerman Advisors LLC acquired a new stake in shares of Oracle in the fourth quarter valued at approximately $30,000. POM Investment Strategies LLC bought a new stake in shares of Oracle during the second quarter valued at approximately $30,000. Finally, Bbjs Financial Advisors LLC bought a new position in Oracle in the 2nd quarter worth approximately $35,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Activity

In related news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the completion of the transaction, the chairman now owns 1,145,732,353 shares in the company, valued at approximately $164,630,281,802.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the company’s stock in a transaction dated 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 sale, the chairman now owns 1,145,732,353 shares of the company’s stock, valued at approximately $164,630,281,802.57. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction dated 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 owns 42,889 shares in the company, valued at $7,076,685. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,610,402 shares of company stock worth $230,556,257. Company insiders own 42.80% of the company’s stock.

Oracle Trading Down 1.2 %

Shares of Oracle stock opened at $165.93 on Tuesday. The company has a market cap of $457.28 billion, a price-to-earnings ratio of 44.73, a PEG ratio of 3.21 and a beta of 1.01. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $173.99. The company’s fifty day simple moving average is $142.76 and its 200-day simple moving average is $132.46. 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 announced 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 during 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% on a year-over-year basis. During the same quarter last year, the company earned $0.95 EPS. As a group, sell-side analysts expect that Oracle Co. will post 5.01 EPS for the current year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date is Thursday, October 10th. Oracle’s payout ratio is 43.13%.

Analysts Set New Price Targets

ORCL has been the topic of a number of research analyst reports. Bank of America raised their price target on Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. KeyCorp raised their price objective on shares of Oracle from $165.00 to $175.00 and gave the company an “overweight” rating in a research note on Tuesday, September 10th. BMO Capital Markets boosted 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. Melius Research raised shares of Oracle from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. Finally, UBS Group raised their target price on shares of Oracle from $160.00 to $175.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. Ten equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and an average target price of $166.13.

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.