Foundry Partners LLC Sells 32,227 Shares of Oracle Co. (NYSE:ORCL)

Foundry Partners LLC lowered its position in Oracle Co. (NYSE:ORCL) by 29.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 76,367 shares of the enterprise software provider’s stock after selling 32,227 shares during the period. Foundry Partners LLC’s holdings in Oracle were worth $10,783,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ORCL. Wellington Shields Capital Management LLC grew its stake in shares of Oracle by 75.2% in the 2nd quarter. Wellington Shields Capital Management LLC now owns 2,444 shares of the enterprise software provider’s stock worth $345,000 after buying an additional 1,049 shares during the last quarter. Impax Asset Management Group plc grew its stake in shares of Oracle by 19.6% in the 2nd quarter. Impax Asset Management Group plc now owns 2,272,140 shares of the enterprise software provider’s stock worth $320,188,000 after buying an additional 371,949 shares during the last quarter. Arizona State Retirement System grew its stake in shares of Oracle by 1.0% in the 2nd quarter. Arizona State Retirement System now owns 478,086 shares of the enterprise software provider’s stock worth $67,506,000 after buying an additional 4,777 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Oracle by 1.0% during the 2nd quarter. Victory Capital Management Inc. now owns 569,980 shares of the enterprise software provider’s stock valued at $80,481,000 after purchasing an additional 5,396 shares during the last quarter. Finally, Denver PWM LLC boosted its stake in Oracle by 1.0% during the 2nd quarter. Denver PWM LLC now owns 9,969 shares of the enterprise software provider’s stock valued at $1,408,000 after purchasing an additional 96 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Insider Transactions at Oracle

In other news, Director Jeffrey Berg sold 22,500 shares of Oracle stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $143.12, for a total value of $3,220,200.00. Following the sale, the director now directly owns 210,712 shares of the company’s stock, valued at $30,157,101.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Jeffrey Berg sold 22,500 shares of Oracle stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $143.12, for a total value of $3,220,200.00. Following the completion of the transaction, the director now owns 210,712 shares in the company, valued at $30,157,101.44. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Edward Screven sold 37,221 shares of Oracle stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $140.19, for a total value of $5,218,011.99. Following the completion of the transaction, the insider now owns 2,626,764 shares of the company’s stock, valued at approximately $368,246,045.16. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,862,500 shares of company stock valued at $266,776,624. 42.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on ORCL. StockNews.com downgraded Oracle from a “buy” rating to a “hold” rating in a research note on Thursday, June 6th. Bank of America increased their target price on Oracle from $144.00 to $155.00 and gave the company a “neutral” rating in a research note on Wednesday, June 12th. TD Cowen increased their target price on Oracle from $145.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. Morgan Stanley restated an “equal weight” rating and issued a $125.00 price target on shares of Oracle in a research note on Tuesday, June 25th. Finally, Piper Sandler restated an “overweight” rating and issued a $150.00 price target on shares of Oracle in a research note on Friday, July 12th. Fourteen research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Oracle presently has an average rating of “Moderate Buy” and a consensus target price of $145.83.

Oracle Price Performance

NYSE:ORCL traded down $0.66 on Friday, reaching $141.95. 1,250,443 shares of the company’s stock traded hands, compared to its average volume of 7,999,133. The company has a quick ratio of 0.72, a current ratio of 0.71 and a debt-to-equity ratio of 8.25. The stock has a 50-day simple moving average of $138.70 and a 200-day simple moving average of $128.12. The firm has a market cap of $391.19 billion, a PE ratio of 38.44, a P/E/G ratio of 2.55 and a beta of 1.01. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $146.59.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). Oracle had a net margin of 19.76% and a return on equity of 223.01%. The business had revenue of $14.29 billion for the quarter, compared to the consensus estimate of $14.57 billion. During the same period in the prior year, the business earned $1.35 earnings per share. Oracle’s revenue was up 3.3% compared to the same quarter last year. Equities research analysts forecast that Oracle Co. will post 5.02 earnings per share for the current year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th were issued a $0.40 dividend. The ex-dividend date of this dividend was Thursday, July 11th. This represents a $1.60 annualized dividend and a dividend yield of 1.13%. Oracle’s dividend payout ratio (DPR) is 43.13%.

Oracle 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.