Oracle Co. (NYSE:ORCL) Shares Sold by Reynders McVeigh Capital Management LLC

Reynders McVeigh Capital Management LLC lessened its stake in Oracle Co. (NYSE:ORCL – Get Rating) by 9.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,209 shares of the enterprise software provider’s stock after selling 3,000 shares during the period. Reynders McVeigh Capital Management LLC’s holdings in Oracle were worth $1,662,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. McClarren Financial Advisors Inc. purchased a new position in Oracle during the 3rd quarter worth $28,000. FSC Wealth Advisors LLC purchased a new stake in Oracle in the 3rd quarter valued at approximately $29,000. Pacifica Partners Inc. raised its stake in shares of Oracle by 108.9% during the 3rd quarter. Pacifica Partners Inc. now owns 401 shares of the enterprise software provider’s stock worth $29,000 after buying an additional 209 shares in the last quarter. Cowa LLC acquired a new stake in shares of Oracle in the 3rd quarter valued at approximately $30,000. Finally, SJS Investment Consulting Inc. acquired a new position in Oracle during the third quarter worth $32,000. 40.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on ORCL shares. Credit Suisse Group set a $115.00 price target on shares of Oracle in a report on Monday, January 2nd. BMO Capital Markets lifted their price objective on Oracle from $90.00 to $95.00 in a report on Wednesday, December 14th. DA Davidson assumed coverage on Oracle in a research report on Tuesday, January 17th. They issued a “neutral” rating and a $85.00 price target for the company. The Goldman Sachs Group set a $72.00 price objective on shares of Oracle in a research report on Tuesday, December 13th. Finally, Mizuho began coverage on shares of Oracle in a report on Tuesday, January 10th. They set a “buy” rating and a $116.00 target price for the company. One analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $92.54.

Insiders Place Their Bets

In related news, Director Michael J. Boskin sold 90,000 shares of the stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $80.08, for a total transaction of $7,207,200.00. Following the sale, the director now owns 82,607 shares in the company, valued at $6,615,168.56. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Michael J. Boskin sold 90,000 shares of the company’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $80.08, for a total transaction of $7,207,200.00. Following the completion of the transaction, the director now owns 82,607 shares in the company, valued at $6,615,168.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of Oracle 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 completion of the sale, the insider now owns 1,792,688 shares in the company, valued at $147,000,416. The disclosure for this sale can be found here. 43.70% of the stock is owned by corporate insiders.

Oracle Stock Performance

Shares of ORCL stock traded up $0.16 during mid-day trading on Thursday, reaching $90.21. 779,176 shares of the company were exchanged, compared to its average volume of 6,482,867. The company has a market capitalization of $243.23 billion, a P/E ratio of 28.23, a P/E/G ratio of 2.82 and a beta of 1.01. The business’s 50 day simple moving average is $83.81 and its 200 day simple moving average is $76.91. Oracle Co. has a fifty-two week low of $60.78 and a fifty-two week high of $91.11.

Oracle (NYSE:ORCL – Get Rating) last posted its quarterly earnings results on Monday, December 12th. The enterprise software provider reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.02). The firm had revenue of $12.28 billion during the quarter, compared to analyst estimates of $12.01 billion. Oracle had a negative return on equity of 189.46% and a net margin of 19.09%. The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter last year, the business posted $1.21 earnings per share. On average, analysts forecast that Oracle Co. will post 3.93 EPS for the current year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 24th. Shareholders of record on Tuesday, January 10th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Monday, January 9th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.42%. Oracle’s dividend payout ratio (DPR) is 40.13%.

About Oracle

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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.