Courier Capital LLC Has $11.10 Million Holdings in Oracle Co. (NYSE:ORCL)

Courier Capital LLC lessened its stake in shares of Oracle Co. (NYSE:ORCL) by 1.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 65,122 shares of the enterprise software provider’s stock after selling 649 shares during the period. Oracle comprises 0.8% of Courier Capital LLC’s investment portfolio, making the stock its 28th largest holding. Courier Capital LLC’s holdings in Oracle were worth $11,097,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of ORCL. Fairway Wealth LLC acquired a new position in shares of Oracle in the 2nd quarter valued at about $27,000. POM Investment Strategies LLC acquired a new position in shares of Oracle in the 2nd quarter valued at about $30,000. Bbjs Financial Advisors LLC acquired a new position in shares of Oracle in the 2nd quarter valued at about $35,000. Koesten Hirschmann & Crabtree INC. acquired a new position in shares of Oracle in the 1st quarter valued at about $38,000. Finally, Redmont Wealth Advisors LLC bought a new stake in shares of Oracle in the 1st quarter valued at approximately $40,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Performance

Shares of NYSE ORCL traded down $0.45 during trading hours on Wednesday, reaching $174.86. The stock had a trading volume of 1,621,168 shares, compared to its average volume of 8,391,893. The business’s fifty day moving average is $157.93 and its two-hundred day moving average is $139.38. 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 company has a market cap of $484.55 billion, a price-to-earnings ratio of 45.33, a PEG ratio of 3.22 and a beta of 1.01. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $178.61.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The business had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. During the same period in the prior year, the company posted $0.95 earnings per share. Oracle’s revenue was up 6.9% on a year-over-year basis. As a group, research analysts expect that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be paid a dividend of $0.40 per share. The ex-dividend date is Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.92%. Oracle’s dividend payout ratio is currently 41.24%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Jefferies Financial Group boosted their price target on Oracle from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Monday, September 16th. Melius Research raised Oracle from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. Barclays boosted their price target on Oracle from $160.00 to $172.00 and gave the company an “overweight” rating in a research note on Tuesday, September 10th. JMP Securities boosted their price target on Oracle from $175.00 to $205.00 and gave the company a “market outperform” rating in a research note on Friday, October 18th. Finally, Oppenheimer reissued a “market perform” rating on shares of Oracle in a research note on Tuesday, September 10th. Eleven analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $168.52.

Insiders Place Their Bets

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.