Oracle Co. (NYSE:ORCL) Shares Sold by West Michigan Advisors LLC

West Michigan Advisors LLC cut its stake in Oracle Co. (NYSE:ORCL) by 17.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,182 shares of the enterprise software provider’s stock after selling 1,060 shares during the period. West Michigan Advisors LLC’s holdings in Oracle were worth $883,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

Several brokerages have recently weighed in on ORCL. JMP Securities upped their target price on Oracle from $175.00 to $205.00 and gave the stock a “market outperform” rating in a research report on Friday, October 18th. Morgan Stanley lifted their price objective on shares of Oracle from $125.00 to $145.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 10th. TD Cowen upped their target price on shares of Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Melius raised shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 price target on the stock in a research note on Monday, September 16th. Finally, Citigroup upped their price objective on shares of Oracle from $140.00 to $157.00 and gave the company a “neutral” rating in a research report on Wednesday, September 11th. Eleven research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $168.52.

Oracle Trading Up 0.7 %

NYSE:ORCL opened at $174.38 on Friday. The firm has a market capitalization of $483.22 billion, a P/E ratio of 44.94, a P/E/G ratio of 3.23 and a beta of 1.01. The business has a 50 day simple moving average of $158.68 and a 200 day simple moving average of $139.61. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $178.61.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.06. Oracle had a net margin of 20.40% and a return on equity of 171.38%. 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 previous year, the company posted $0.95 earnings per share. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. Equities research analysts predict that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Shareholders 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 0.92%. Oracle’s payout ratio is currently 41.24%.

Insider Activity

In related news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $165.00, for a total value of $1,042,800.00. Following the sale, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 42.20% of the company’s stock.

Oracle Profile

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.