Oracle Co. (NYSE:ORCL) Stake Reduced by First Personal Financial Services

First Personal Financial Services cut its holdings in Oracle Co. (NYSE:ORCL) by 10.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 60,044 shares of the enterprise software provider’s stock after selling 7,195 shares during the quarter. Oracle comprises about 2.2% of First Personal Financial Services’ investment portfolio, making the stock its 16th biggest holding. First Personal Financial Services’ holdings in Oracle were worth $10,231,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ORCL. Fairway Wealth LLC acquired a new stake in Oracle during the 2nd quarter worth about $27,000. POM Investment Strategies LLC acquired a new stake in Oracle during the 2nd quarter worth about $30,000. Bbjs Financial Advisors LLC acquired a new stake in Oracle during 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 acquired a new stake in Oracle during the 2nd quarter worth about $40,000. 42.44% of the stock is currently owned by institutional investors.

Oracle Stock Up 1.5 %

Shares of ORCL stock opened at $189.25 on Friday. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $190.16. The firm has a market cap of $524.42 billion, a PE ratio of 48.78, a price-to-earnings-growth ratio of 3.34 and a beta of 1.02. The stock has a 50 day moving average of $167.47 and a 200-day moving average of $144.10. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68.

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. The business had revenue of $13.31 billion during 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 was up 6.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.95 earnings per share. On average, equities analysts predict that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were paid a $0.40 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.85%. Oracle’s payout ratio is 41.24%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on ORCL shares. BMO Capital Markets boosted their price objective on Oracle from $160.00 to $173.00 and gave the stock a “market perform” rating in a report on Tuesday, September 10th. Sanford C. Bernstein upped their target price on Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a report on Monday, September 30th. JMP Securities upped their target price on Oracle from $175.00 to $205.00 and gave the company a “market outperform” rating in a report on Friday, October 18th. Oppenheimer reiterated a “market perform” rating on shares of Oracle in a report on Tuesday, September 10th. Finally, Citigroup upped their target price on Oracle from $140.00 to $157.00 and gave the company a “neutral” rating in a report on Wednesday, September 11th. Eleven investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $168.52.

Insider Activity at Oracle

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. 42.20% of the stock is currently owned by corporate insiders.

Oracle Company 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.