Oracle Co. (NYSE:ORCL) Shares Sold by Concentric Capital Strategies LP

Concentric Capital Strategies LP reduced its stake in Oracle Co. (NYSE:ORCL) by 54.1% in the third quarter, HoldingsChannel reports. The fund owned 46,445 shares of the enterprise software provider’s stock after selling 54,737 shares during the quarter. Concentric Capital Strategies LP’s holdings in Oracle were worth $7,914,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Olistico Wealth LLC bought a new stake in Oracle in the second quarter worth about $102,000. Kingswood Wealth Advisors LLC lifted its stake in Oracle by 32.7% during the second quarter. Kingswood Wealth Advisors LLC now owns 16,171 shares of the enterprise software provider’s stock valued at $2,283,000 after purchasing an additional 3,985 shares during the last quarter. Park Avenue Securities LLC boosted its holdings in Oracle by 5.3% during the second quarter. Park Avenue Securities LLC now owns 23,248 shares of the enterprise software provider’s stock worth $3,283,000 after buying an additional 1,177 shares in the last quarter. Apella Capital LLC grew its position in Oracle by 36.3% in the second quarter. Apella Capital LLC now owns 6,572 shares of the enterprise software provider’s stock worth $924,000 after buying an additional 1,749 shares during the last quarter. Finally, CVA Family Office LLC lifted its position in shares of Oracle by 2.3% during the 2nd quarter. CVA Family Office LLC now owns 7,384 shares of the enterprise software provider’s stock valued at $1,043,000 after acquiring an additional 168 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ORCL. TD Cowen upped their target price on Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Guggenheim boosted their price target on shares of Oracle from $185.00 to $200.00 and gave the company a “buy” rating in a report on Friday, September 13th. Melius upgraded shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 price target for the company in a research report on Monday, September 16th. Barclays raised their target price on Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. Finally, StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a research report on Wednesday, November 20th. Eleven equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $169.52.

Oracle Trading Up 1.2 %

Shares of ORCL opened at $184.84 on Monday. The stock has a fifty day moving average price of $177.45 and a two-hundred day moving average price of $152.01. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $196.04. The company has a market cap of $512.20 billion, a price-to-earnings ratio of 47.64, a PEG ratio of 3.41 and a beta of 1.02.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $13.23 billion. During the same quarter last year, the company posted $0.95 earnings per share. Oracle’s quarterly revenue was up 6.9% on a year-over-year basis. Analysts predict that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The company 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. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.87%. Oracle’s dividend payout ratio (DPR) is currently 41.24%.

Insider Buying and Selling at Oracle

In other 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 value of $1,042,800.00. Following the sale, the executive vice president now directly owns 42,889 shares in the company, valued at approximately $7,076,685. This trade represents a 12.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 42.20% of the company’s stock.

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.