Oracle Co. (NYSE:ORCL) Stock Holdings Lowered by Silver Coast Investments LLC

Silver Coast Investments LLC cut its position in Oracle Co. (NYSE:ORCL) by 16.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,739 shares of the enterprise software provider’s stock after selling 338 shares during the quarter. Silver Coast Investments LLC’s holdings in Oracle were worth $296,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC lifted its holdings in Oracle by 27.9% in 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 purchasing an additional 3,494 shares during the period. Norden Group LLC lifted its stake in shares of Oracle by 7.9% in the 1st quarter. Norden Group LLC now owns 9,036 shares of the enterprise software provider’s stock worth $1,135,000 after acquiring an additional 665 shares during the period. Diversify Advisory Services LLC bought a new position in shares of Oracle in the first quarter valued at approximately $2,432,000. BOK Financial Private Wealth Inc. increased its stake in shares of Oracle by 215.1% during 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 acquiring an additional 798 shares during the period. Finally, Janney Montgomery Scott LLC increased its stake in shares of Oracle by 8.0% during the first quarter. Janney Montgomery Scott LLC now owns 358,379 shares of the enterprise software provider’s stock valued at $45,016,000 after acquiring an additional 26,478 shares during the period. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Stock Up 1.9 %

Shares of Oracle stock traded up $3.27 during midday trading on Friday, reaching $171.11. 1,064,008 shares of the company’s stock traded hands, compared to its average volume of 8,280,786. The company has a market cap of $474.16 billion, a price-to-earnings ratio of 43.26, a price-to-earnings-growth ratio of 3.22 and a beta of 1.01. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $178.61. The company’s 50 day simple moving average is $162.81 and its 200 day simple moving average is $141.58. 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 (NYSE:ORCL) last released its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping 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 company had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. During the same quarter in the prior year, the company posted $0.95 EPS. The firm’s revenue was up 6.9% on a year-over-year basis. Equities analysts expect that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ORCL shares. Bank of America raised 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. BMO Capital Markets raised their target price on shares of Oracle from $160.00 to $173.00 and gave the stock a “market perform” rating in a report on Tuesday, September 10th. Jefferies Financial Group upped their price target on Oracle from $170.00 to $190.00 and gave the company a “buy” rating in a report on Monday, September 16th. Melius raised Oracle from a “hold” rating to a “buy” rating and set a $210.00 price objective for the company in a research note on Monday, September 16th. Finally, Citigroup upped their target price on Oracle from $140.00 to $157.00 and gave the company a “neutral” rating in a report on Wednesday, September 11th. Twelve analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $168.52.

Insider Transactions at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction dated 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 represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 42.20% of the stock is owned by corporate insiders.

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.