Capital Asset Advisory Services LLC Decreases Stake in Oracle Corporation $ORCL

Capital Asset Advisory Services LLC lowered its position in Oracle Corporation (NYSE:ORCL) by 1.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,167 shares of the enterprise software provider’s stock after selling 110 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in Oracle were worth $1,569,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ORCL. Brighton Jones LLC raised its holdings in Oracle by 189.3% during the fourth quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider’s stock worth $25,593,000 after purchasing an additional 100,494 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in Oracle by 8.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider’s stock worth $903,000 after purchasing an additional 404 shares in the last quarter. Shell Asset Management Co. raised its holdings in Oracle by 205.3% during the fourth quarter. Shell Asset Management Co. now owns 22,259 shares of the enterprise software provider’s stock worth $3,709,000 after purchasing an additional 14,968 shares in the last quarter. Sender Co & Partners Inc. acquired a new stake in Oracle during the fourth quarter worth approximately $1,417,000. Finally, Toronto Dominion Bank raised its holdings in Oracle by 15.2% during the fourth quarter. Toronto Dominion Bank now owns 679,325 shares of the enterprise software provider’s stock worth $113,199,000 after purchasing an additional 89,723 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ORCL shares. Westpark Capital lifted their target price on shares of Oracle from $195.00 to $246.00 and gave the company a “buy” rating in a report on Thursday, June 12th. JPMorgan Chase & Co. lifted their target price on shares of Oracle from $185.00 to $210.00 and gave the company a “neutral” rating in a report on Monday, September 8th. CIBC reaffirmed a “buy” rating on shares of Oracle in a report on Monday, June 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $240.00 target price (up from $200.00) on shares of Oracle in a report on Thursday, June 12th. Finally, BNP Paribas set a $377.00 target price on shares of Oracle in a report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, Oracle has an average rating of “Moderate Buy” and an average price target of $296.84.

Insider Transactions at Oracle

In other Oracle news, insider Michael D. Sicilia sold 15,880 shares of the business’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $254.48, for a total transaction of $4,041,142.40. Following the sale, the insider directly owned 99,212 shares in the company, valued at approximately $25,247,469.76. The trade was a 13.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Maria Smith sold 10,000 shares of the business’s stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $232.99, for a total transaction of $2,329,900.00. Following the sale, the executive vice president owned 40,807 shares in the company, valued at $9,507,622.93. The trade was a 19.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 44,183 shares of company stock worth $10,353,198 over the last quarter. 42.20% of the stock is currently owned by corporate insiders.

Oracle Stock Performance

NYSE:ORCL opened at $292.07 on Friday. The firm’s fifty day moving average price is $244.69 and its 200 day moving average price is $190.50. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $345.72. The company has a debt-to-equity ratio of 3.33, a current ratio of 0.62 and a quick ratio of 0.75. The firm has a market cap of $820.38 billion, a price-to-earnings ratio of 67.61, a price-to-earnings-growth ratio of 4.10 and a beta of 1.46.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.06. Oracle had a net margin of 21.08% and a return on equity of 72.93%. The firm had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. During the same period last year, the firm posted $1.63 EPS. Oracle’s quarterly revenue was up 11.3% on a year-over-year basis. On average, sell-side analysts expect that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 9th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Thursday, October 9th. Oracle’s dividend payout ratio (DPR) is 46.30%.

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.