Oracle Co. (NYSE:ORCL) Shares Sold by Forum Financial Management LP

Forum Financial Management LP cut its holdings in Oracle Co. (NYSE:ORCL) by 3.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,223 shares of the enterprise software provider’s stock after selling 415 shares during the quarter. Forum Financial Management LP’s holdings in Oracle were worth $2,253,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ORCL. Fairway Wealth LLC purchased a new position in shares of Oracle in the 2nd quarter valued at about $27,000. POM Investment Strategies LLC acquired a new position in Oracle during the second quarter worth about $30,000. Bbjs Financial Advisors LLC acquired a new position in shares of Oracle during the 2nd quarter worth $35,000. Reston Wealth Management LLC purchased a new stake in shares of Oracle in the 3rd quarter worth about $44,000. Finally, Quest Partners LLC acquired a new stake in Oracle in the 2nd quarter valued at about $40,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Price Performance

Shares of NYSE:ORCL opened at $170.02 on Monday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. The firm’s 50 day moving average is $163.43 and its two-hundred day moving average is $142.24. The firm has a market capitalization of $471.14 billion, a P/E ratio of 43.82, a PEG ratio of 3.09 and a beta of 1.02. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $178.61.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.06. The business had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.95 earnings per share. Analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were issued a dividend of $0.40 per share. The ex-dividend date was Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.94%. Oracle’s payout ratio is 41.24%.

Analyst Ratings Changes

Several research firms have recently commented on ORCL. BMO Capital Markets increased their price target 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. KeyCorp upped their price target on shares of Oracle from $165.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. DA Davidson lifted their price target on shares of Oracle from $105.00 to $140.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Morgan Stanley upped their price objective on Oracle from $125.00 to $145.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 10th. Finally, Sanford C. Bernstein raised their price objective on Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. Twelve research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $168.52.

Insider Buying and Selling at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the business’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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 42.20% of the stock is currently owned by corporate insiders.

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.