Cigna Investments Inc. New Sells 197 Shares of Oracle Co. (NYSE:ORCL)

Cigna Investments Inc. New lowered its position in shares of Oracle Co. (NYSE:ORCL) by 1.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,352 shares of the enterprise software provider’s stock after selling 197 shares during the quarter. Cigna Investments Inc. New’s holdings in Oracle were worth $2,786,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of ORCL. Ashton Thomas Private Wealth LLC boosted its holdings in Oracle by 27.9% during the first quarter. Ashton Thomas Private Wealth LLC now owns 16,004 shares of the enterprise software provider’s stock worth $2,010,000 after buying an additional 3,494 shares during the last quarter. Norden Group LLC grew its holdings in Oracle by 7.9% during the first quarter. Norden Group LLC now owns 9,036 shares of the enterprise software provider’s stock valued at $1,135,000 after purchasing an additional 665 shares during the period. Diversify Advisory Services LLC acquired a new position in Oracle during the first quarter valued at approximately $2,432,000. BOK Financial Private Wealth Inc. increased its stake in Oracle by 215.1% in the first quarter. BOK Financial Private Wealth Inc. now owns 1,169 shares of the enterprise software provider’s stock valued at $147,000 after purchasing an additional 798 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in Oracle by 8.0% in the first quarter. Janney Montgomery Scott LLC now owns 358,379 shares of the enterprise software provider’s stock worth $45,016,000 after purchasing an additional 26,478 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Buying and Selling

In other Oracle news, EVP Maria Smith sold 6,320 shares of the firm’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 completion of the sale, the executive vice president now directly 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 42.20% of the stock is currently owned by insiders.

Oracle Trading Down 3.9 %

NYSE ORCL opened at $167.83 on Friday. The company has a market cap of $465.07 billion, a PE ratio of 43.26, a PEG ratio of 3.22 and a beta of 1.01. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $178.61. The stock has a 50 day moving average of $162.81 and a 200-day moving average of $141.58. 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 released its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $13.23 billion. During the same quarter in the prior year, the company earned $0.95 earnings per share. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, equities research analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle’s dividend payout ratio is presently 41.24%.

Wall Street Analysts Forecast Growth

ORCL has been the subject of a number of recent analyst reports. Bank of America upped 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. Melius Research raised Oracle from a “hold” rating to a “buy” rating in a research report on Monday, September 16th. TD Cowen lifted 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. JMP Securities increased their target price on Oracle from $175.00 to $205.00 and gave the stock a “market outperform” rating in a research note on Friday, October 18th. Finally, Sanford C. Bernstein lifted their price target on shares of Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. Twelve research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $168.52.

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.