Oracle Co. (NYSE:ORCL) Shares Sold by Saturna Capital Corp

Saturna Capital Corp cut its holdings in Oracle Co. (NYSE:ORCL) by 0.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 957,562 shares of the enterprise software provider’s stock after selling 2,019 shares during the quarter. Oracle comprises about 2.1% of Saturna Capital Corp’s investment portfolio, making the stock its 15th biggest holding. Saturna Capital Corp’s holdings in Oracle were worth $163,169,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Fairway Wealth LLC acquired a new position in shares of Oracle in the 2nd quarter worth $27,000. POM Investment Strategies LLC purchased a new position in Oracle in the 2nd quarter worth about $30,000. Bbjs Financial Advisors LLC purchased a new position in Oracle in the 2nd quarter worth about $35,000. Koesten Hirschmann & Crabtree INC. acquired a new stake in Oracle during the 1st quarter worth about $38,000. Finally, Quest Partners LLC purchased a new stake in Oracle during the second quarter valued at about $40,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Stock Performance

NYSE ORCL opened at $189.58 on Wednesday. The company’s fifty day moving average is $169.43 and its two-hundred day moving average is $145.54. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $191.50. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. The firm has a market capitalization of $525.34 billion, a price-to-earnings ratio of 48.87, a P/E/G ratio of 3.49 and a beta of 1.02.

Oracle (NYSE:ORCL) last announced 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 company had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. Oracle’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.95 EPS. Equities research analysts forecast that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were paid a $0.40 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.84%. Oracle’s dividend payout ratio is currently 41.24%.

Analysts Set New Price Targets

Several analysts have recently commented on ORCL shares. BMO Capital Markets raised their target price on Oracle from $160.00 to $173.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 10th. Evercore ISI raised their price objective on Oracle from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Barclays upped their target price on Oracle from $160.00 to $172.00 and gave the company an “overweight” rating in a report on Tuesday, September 10th. Royal Bank of Canada initiated coverage on shares of Oracle in a report on Wednesday, October 23rd. They set a “sector perform” rating and a $165.00 price target for the company. Finally, DA Davidson upped their price objective on shares of Oracle from $105.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. Eleven analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $168.52.

Insider Activity

In other Oracle 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 transaction of $1,042,800.00. Following the completion of the transaction, 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 SEC, which can be accessed through this link. 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.