Dynamic Advisor Solutions LLC Sells 1,137 Shares of Oracle Co. (NYSE:ORCL)

Dynamic Advisor Solutions LLC lessened its stake in shares of Oracle Co. (NYSE:ORCL) by 5.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,039 shares of the enterprise software provider’s stock after selling 1,137 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Oracle were worth $3,244,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Eagle Rock Investment Company LLC grew its holdings in Oracle by 0.4% during the third quarter. Eagle Rock Investment Company LLC now owns 17,626 shares of the enterprise software provider’s stock valued at $3,003,000 after purchasing an additional 64 shares during the last quarter. Versant Capital Management Inc grew its stake in Oracle by 1.7% in the 3rd quarter. Versant Capital Management Inc now owns 3,957 shares of the enterprise software provider’s stock valued at $674,000 after buying an additional 65 shares during the last quarter. First International Bank & Trust raised its holdings in Oracle by 1.8% in the 3rd quarter. First International Bank & Trust now owns 3,734 shares of the enterprise software provider’s stock worth $636,000 after acquiring an additional 67 shares during the period. Werlinich Asset Management LLC raised its holdings in Oracle by 3.1% in the 2nd quarter. Werlinich Asset Management LLC now owns 2,325 shares of the enterprise software provider’s stock worth $326,000 after acquiring an additional 70 shares during the period. Finally, Smith Anglin Financial LLC boosted its holdings in Oracle by 2.0% during the third quarter. Smith Anglin Financial LLC now owns 3,716 shares of the enterprise software provider’s stock valued at $633,000 after acquiring an additional 74 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Maria Smith sold 6,320 shares of the company’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 transaction of $1,042,800.00. Following the transaction, the executive vice president now directly owns 42,889 shares in the company, valued at approximately $7,076,685. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Maria Smith sold 6,320 shares of Oracle 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 completion of the sale, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the company’s stock in a transaction 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 transaction, the chairman now directly 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 disclosure for this sale can be found here. Insiders have sold a total of 1,146,320 shares of company stock valued at $164,762,400 in the last 90 days. 42.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on ORCL shares. TD Cowen lifted their price objective on Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Bank of America lifted their price target on Oracle from $155.00 to $175.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. Piper Sandler increased their price objective on Oracle from $150.00 to $175.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. Jefferies Financial Group boosted their target price on shares of Oracle from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. Finally, Melius Research raised shares of Oracle from a “hold” rating to a “buy” rating in a report on Monday, September 16th. Ten investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $167.42.

Oracle Trading Up 2.6 %

Shares of ORCL stock opened at $174.43 on Wednesday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The company has a market capitalization of $483.36 billion, a P/E ratio of 47.02, a P/E/G ratio of 3.09 and a beta of 1.01. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $174.64. The firm has a 50-day moving average price of $148.47 and a 200 day moving average price of $135.53.

Oracle (NYSE:ORCL) last released its quarterly 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. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The business had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. During the same period in the prior year, the company earned $0.95 EPS. Oracle’s revenue for the quarter was up 6.9% on a year-over-year basis. Research analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.92%. Oracle’s dividend payout ratio (DPR) is 43.13%.

Oracle Company 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.