Oracle Co. (NYSE:ORCL) Shares Sold by Financial Advisory Partners LLC

Financial Advisory Partners LLC cut its stake in shares of Oracle Co. (NYSE:ORCL) by 3.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,569 shares of the enterprise software provider’s stock after selling 885 shares during the period. Oracle makes up 1.6% of Financial Advisory Partners LLC’s holdings, making the stock its 14th biggest holding. Financial Advisory Partners LLC’s holdings in Oracle were worth $4,868,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in ORCL. Westend Capital Management LLC purchased a new stake in shares of Oracle during the first quarter worth $25,000. Fairway Wealth LLC purchased a new stake in Oracle during the 2nd quarter worth about $27,000. POM Investment Strategies LLC purchased a new position in shares of Oracle in the 2nd quarter valued at about $30,000. Bbjs Financial Advisors LLC acquired a new position in shares of Oracle during the second quarter worth about $35,000. Finally, Alaska Permanent Fund Corp purchased a new stake in shares of Oracle during the first quarter worth approximately $36,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ORCL has been the subject of several analyst reports. UBS Group boosted their price target on shares of Oracle from $160.00 to $175.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. Evercore ISI lifted their price target on Oracle from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. TD Cowen increased their price objective on Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Sanford C. Bernstein boosted their target price on Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. Finally, Stifel Nicolaus raised their price objective on shares of Oracle from $135.00 to $155.00 and gave the stock a “hold” rating in a report on Tuesday, September 10th. Ten equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat, Oracle presently has an average rating of “Moderate Buy” and a consensus price target of $167.42.

Oracle Price Performance

Shares of ORCL traded down $2.86 during trading hours on Thursday, reaching $175.43. The company had a trading volume of 2,306,686 shares, compared to its average volume of 8,525,180. 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 Co. has a 12-month low of $99.26 and a 12-month high of $178.61. The firm has a 50 day simple moving average of $150.03 and a 200-day simple moving average of $136.15. The company has a market capitalization of $483.46 billion, a price-to-earnings ratio of 46.99, a PEG ratio of 3.09 and a beta of 1.01.

Oracle (NYSE:ORCL) last released its quarterly earnings results 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 business had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. During the same quarter in the previous year, the company posted $0.95 EPS. The business’s revenue was up 6.9% on a year-over-year basis. Research analysts expect that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend is Thursday, October 10th. Oracle’s payout ratio is 43.13%.

Insiders Place Their Bets

In other 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 transaction of $1,042,800.00. Following the sale, the executive vice president now owns 42,889 shares in the company, valued at $7,076,685. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Oracle news, Director Leon E. Panetta sold 15,000 shares of Oracle 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 owns 58,090 shares in the company, valued at $8,010,030.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Maria Smith sold 6,320 shares of the company’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 owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,146,320 shares of company stock valued at $164,762,400. Company insiders own 42.80% of the company’s stock.

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.