Mattson Financial Services LLC Lowers Holdings in Oracle Co. (NYSE:ORCL)

Mattson Financial Services LLC lowered its position in shares of Oracle Co. (NYSE:ORCL) by 0.7% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 9,869 shares of the enterprise software provider’s stock after selling 68 shares during the quarter. Mattson Financial Services LLC’s holdings in Oracle were worth $1,682,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. Traveka Wealth LLC grew its holdings in shares of Oracle by 6.8% during the 3rd quarter. Traveka Wealth LLC now owns 2,064 shares of the enterprise software provider’s stock worth $352,000 after purchasing an additional 132 shares during the period. Marion Wealth Management grew its holdings in shares of Oracle by 3.4% during the 3rd quarter. Marion Wealth Management now owns 13,597 shares of the enterprise software provider’s stock worth $2,317,000 after purchasing an additional 453 shares during the period. Advance Capital Management Inc. grew its holdings in shares of Oracle by 1.2% during the 3rd quarter. Advance Capital Management Inc. now owns 14,110 shares of the enterprise software provider’s stock worth $2,404,000 after purchasing an additional 170 shares during the period. Axiom Advisory LLC grew its holdings in shares of Oracle by 1.6% during the 3rd quarter. Axiom Advisory LLC now owns 21,184 shares of the enterprise software provider’s stock worth $3,610,000 after purchasing an additional 331 shares during the period. Finally, Kesler Norman & Wride LLC purchased a new stake in shares of Oracle during the 3rd quarter worth about $605,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Jefferies Financial Group boosted their target price on Oracle from $170.00 to $190.00 and gave the stock a “buy” rating in a report on Monday, September 16th. Bank of America increased their price objective on shares of Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. Stifel Nicolaus increased their price objective on shares of Oracle from $135.00 to $155.00 and gave the company a “hold” rating in a research report on Tuesday, September 10th. Evercore ISI increased their price objective on shares of Oracle from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Finally, BMO Capital Markets increased their price objective on shares of Oracle from $160.00 to $173.00 and gave the company a “market perform” rating in a research report on Tuesday, September 10th. Ten research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat, Oracle presently has a consensus rating of “Moderate Buy” and an average target price of $167.42.

Oracle Stock Performance

Shares of ORCL opened at $174.43 on Wednesday. The business’s fifty day moving average price is $148.47 and its 200 day moving average price is $135.53. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $174.64. The stock has a market capitalization of $483.36 billion, a PE ratio of 47.02, a price-to-earnings-growth ratio of 3.09 and a beta of 1.01. 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 (NYSE:ORCL) last announced its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm had revenue of $13.31 billion for the quarter, compared to analysts’ expectations of $13.23 billion. During the same period last year, the business posted $0.95 earnings per share. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. Equities research analysts forecast that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date is Thursday, October 10th. Oracle’s payout ratio is 43.13%.

Insider Buying and Selling at Oracle

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 approximately $7,076,685. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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 approximately $7,076,685. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Leon E. Panetta sold 15,000 shares of the firm’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $137.89, for a total value of $2,068,350.00. Following the transaction, the director now directly owns 58,090 shares in the company, valued at $8,010,030.10. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,146,320 shares of company stock worth $164,762,400. 42.80% of the stock is owned by insiders.

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.