SageView Advisory Group LLC Sells 1,113 Shares of Oracle Co. (NYSE:ORCL)

SageView Advisory Group LLC cut its holdings in Oracle Co. (NYSE:ORCL) by 9.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,333 shares of the enterprise software provider’s stock after selling 1,113 shares during the period. SageView Advisory Group LLC’s holdings in Oracle were worth $1,761,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Fairway Wealth LLC purchased a new position in Oracle in the 2nd quarter valued at approximately $27,000. POM Investment Strategies LLC bought a new position in Oracle in the second quarter valued at $30,000. Bbjs Financial Advisors LLC purchased a new position in shares of Oracle during the 2nd quarter valued at about $35,000. Quest Partners LLC purchased a new stake in shares of Oracle in the 2nd quarter valued at $40,000. Finally, Reston Wealth Management LLC bought a new stake in shares of Oracle in the 3rd quarter valued at about $44,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Stock Down 1.0 %

Shares of ORCL opened at $186.24 on Friday. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $196.04. The company has a market capitalization of $516.08 billion, a price-to-earnings ratio of 48.00, a PEG ratio of 3.37 and a beta of 1.03. The stock’s 50-day moving average price is $178.90 and its 200-day moving average price is $153.32. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68.

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, topping analysts’ consensus estimates of $1.33 by $0.06. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The firm had revenue of $13.31 billion for the quarter, compared to the consensus estimate of $13.23 billion. During the same period in the prior year, the firm posted $0.95 earnings per share. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. On average, sell-side analysts predict that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.86%. 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

Several analysts recently weighed in on ORCL shares. Bank of America lifted their price target on shares of Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Jefferies Financial Group increased their price objective on shares of Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday. JMP Securities raised their price target on shares of Oracle from $175.00 to $205.00 and gave the company a “market outperform” rating in a report on Friday, October 18th. Guggenheim boosted their price target on Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Sanford C. Bernstein boosted their price target on Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a report on Monday, September 30th. Eleven analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat.com, Oracle has an average rating of “Moderate Buy” and an average price target of $171.52.

Insider Transactions at Oracle

In related 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 directly owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. This represents a 12.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 42.20% of the company’s stock.

About Oracle

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.