Oracle Co. (NYSE:ORCL) Shares Sold by Schrum Private Wealth Management LLC

Schrum Private Wealth Management LLC reduced its stake in shares of Oracle Co. (NYSE:ORCL) by 8.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,500 shares of the enterprise software provider’s stock after selling 593 shares during the period. Schrum Private Wealth Management LLC’s holdings in Oracle were worth $1,107,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Oracle by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 151,213,890 shares of the enterprise software provider’s stock worth $18,993,977,000 after purchasing an additional 1,514,569 shares during the last quarter. Capital World Investors lifted its stake in shares of Oracle by 0.4% during the first quarter. Capital World Investors now owns 18,466,713 shares of the enterprise software provider’s stock valued at $2,319,604,000 after buying an additional 82,551 shares during the period. Legal & General Group Plc boosted its position in Oracle by 2.3% during the second quarter. Legal & General Group Plc now owns 13,242,340 shares of the enterprise software provider’s stock worth $1,869,816,000 after acquiring an additional 296,866 shares during the last quarter. Janus Henderson Group PLC grew its stake in Oracle by 148.8% in the 1st quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock worth $1,616,855,000 after acquiring an additional 7,699,141 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Oracle by 6.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,318,962 shares of the enterprise software provider’s stock valued at $1,033,430,000 after acquiring an additional 424,500 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Stock Performance

Shares of NYSE:ORCL traded up $0.37 during trading on Wednesday, hitting $189.95. 1,040,496 shares of the company traded hands, compared to its average volume of 8,233,694. Oracle Co. has a one year low of $99.26 and a one year high of $191.50. The stock has a market capitalization of $526.36 billion, a price-to-earnings ratio of 48.97, a PEG ratio of 3.49 and a beta of 1.02. 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 business’s fifty day moving average is $169.43 and its 200-day moving average is $145.54.

Oracle (NYSE:ORCL) last announced its quarterly earnings results 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. The company 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 revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.95 earnings per share. As a group, equities analysts predict that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.84%. Oracle’s dividend payout ratio (DPR) is presently 41.24%.

Analysts Set New Price Targets

Several research firms have recently issued reports on ORCL. Stifel Nicolaus raised their price objective on Oracle from $135.00 to $155.00 and gave the stock a “hold” rating in a report on Tuesday, September 10th. Oppenheimer restated a “market perform” rating on shares of Oracle in a report on Tuesday, September 10th. Citigroup upped their price objective on shares of Oracle from $140.00 to $157.00 and gave the company a “neutral” rating in a research note on Wednesday, September 11th. Mizuho raised their target price on shares of Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Finally, Morgan Stanley upped their price target on shares of Oracle from $125.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 10th. Eleven analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, Oracle presently has an average rating of “Moderate Buy” and a consensus price target of $168.52.

Insider Buying and Selling

In other news, EVP Maria Smith sold 6,320 shares of the 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 transaction, the executive vice president now owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 42.20% of the company’s stock.

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.