Waters Parkerson & CO. LLC decreased its position in Oracle Co. (NYSE:ORCL – Get Rating) by 3.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 192,919 shares of the enterprise software provider’s stock after selling 7,250 shares during the quarter. Waters Parkerson & CO. LLC’s holdings in Oracle were worth $11,782,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the stock. Wealthspire Advisors LLC increased its holdings in shares of Oracle by 17.0% during the 2nd quarter. Wealthspire Advisors LLC now owns 6,458 shares of the enterprise software provider’s stock worth $451,000 after acquiring an additional 939 shares during the last quarter. StoneX Group Inc. acquired a new position in Oracle in the 2nd quarter valued at $349,000. NorthCrest Asset Manangement LLC lifted its position in shares of Oracle by 1.2% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 242,195 shares of the enterprise software provider’s stock worth $14,791,000 after buying an additional 2,815 shares during the last quarter. Ridgewood Investments LLC lifted its position in shares of Oracle by 19.7% during the 3rd quarter. Ridgewood Investments LLC now owns 7,684 shares of the enterprise software provider’s stock worth $469,000 after buying an additional 1,267 shares during the last quarter. Finally, RFG Advisory LLC lifted its position in shares of Oracle by 28.4% during the 2nd quarter. RFG Advisory LLC now owns 4,323 shares of the enterprise software provider’s stock worth $334,000 after buying an additional 957 shares during the last quarter. Institutional investors and hedge funds own 40.96% of the company’s stock.
Insider Transactions at Oracle
In other Oracle news, Vice Chairman Jeffrey Henley sold 400,000 shares of Oracle stock in a transaction on Wednesday, December 14th. The shares were sold at an average price of $82.00, for a total value of $32,800,000.00. Following the transaction, the insider now directly owns 1,792,688 shares in the company, valued at $147,000,416. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Vice Chairman Jeffrey Henley sold 400,000 shares of the business’s stock in a transaction dated Wednesday, December 14th. The shares were sold at an average price of $82.00, for a total transaction of $32,800,000.00. Following the sale, the insider now owns 1,792,688 shares of the company’s stock, valued at $147,000,416. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Edward Screven sold 200,000 shares of the business’s stock in a transaction dated Thursday, October 27th. The stock was sold at an average price of $74.90, for a total transaction of $14,980,000.00. Following the sale, the insider now directly owns 2,543,033 shares in the company, valued at approximately $190,473,171.70. The disclosure for this sale can be found here. In the last three months, insiders sold 690,000 shares of company stock valued at $54,987,200. Insiders own 43.70% of the company’s stock.
Oracle Trading Down 1.4 %
Oracle (NYSE:ORCL – Get Rating) last posted its quarterly earnings data on Monday, December 12th. The enterprise software provider reported $0.95 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.02). The company had revenue of $12.28 billion for the quarter, compared to analysts’ expectations of $12.01 billion. Oracle had a negative return on equity of 189.46% and a net margin of 19.09%. The business’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.21 EPS. On average, analysts forecast that Oracle Co. will post 3.93 earnings per share for the current fiscal year.
Oracle Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 24th. Stockholders of record on Tuesday, January 10th were given a dividend of $0.32 per share. The ex-dividend date was Monday, January 9th. This represents a $1.28 annualized dividend and a dividend yield of 1.45%. Oracle’s dividend payout ratio (DPR) is currently 40.13%.
Analyst Upgrades and Downgrades
ORCL has been the subject of several recent research reports. Cowen decreased their price target on Oracle from $98.00 to $96.00 and set an “outperform” rating for the company in a research note on Tuesday, December 13th. Bank of America increased their price target on Oracle from $90.00 to $95.00 and gave the stock a “neutral” rating in a report on Tuesday, December 13th. Guggenheim raised their target price on Oracle to $115.00 in a report on Thursday, October 27th. DA Davidson initiated coverage on Oracle in a report on Tuesday, January 17th. They issued a “neutral” rating and a $85.00 target price on the stock. Finally, Piper Sandler upgraded Oracle from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $85.00 to $104.00 in a report on Monday, January 9th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $92.54.
Oracle Corp. engages in the provision of products and services that address all aspects of corporate information technology environments. It operates through the following business segments: Cloud and License, Hardware, and Services. The Cloud and License segment markets, sells, and delivers applications, platform, and infrastructure technologies.
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