Private Ocean LLC Has $654,000 Stock Position in Oracle Co. (NYSE:ORCL)

Private Ocean LLC reduced its position in Oracle Co. (NYSE:ORCL) by 13.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,203 shares of the enterprise software provider’s stock after selling 793 shares during the period. Private Ocean LLC’s holdings in Oracle were worth $654,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Westend Capital Management LLC bought a new stake in shares of Oracle during the 1st quarter worth about $25,000. Orion Capital Management LLC bought a new stake in shares of Oracle during the 3rd quarter worth about $25,000. Spartan Planning & Wealth Management bought a new stake in shares of Oracle during the 3rd quarter worth about $27,000. Tidemark LLC bought a new stake in shares of Oracle during the 4th quarter worth about $29,000. Finally, Frank Rimerman Advisors LLC bought a new stake in shares of Oracle during the 4th quarter worth about $30,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Oracle

In related news, insider Edward Screven sold 37,221 shares of Oracle stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $140.19, for a total value of $5,218,011.99. Following the sale, the insider now owns 2,626,764 shares of the company’s stock, valued at $368,246,045.16. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Edward Screven sold 37,221 shares of Oracle stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $140.19, for a total value of $5,218,011.99. Following the sale, the insider now owns 2,626,764 shares of the company’s stock, valued at $368,246,045.16. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael J. Boskin sold 45,000 shares of Oracle stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $117.74, for a total value of $5,298,300.00. Following the completion of the sale, the director now directly owns 87,473 shares in the company, valued at approximately $10,299,071.02. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 385,639 shares of company stock valued at $53,002,729. 42.80% of the stock is owned by insiders.

Oracle Stock Performance

ORCL opened at $141.20 on Friday. The business’s 50-day moving average price is $125.24 and its two-hundred day moving average price is $118.08. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $145.32. The company has a market capitalization of $389.13 billion, a price-to-earnings ratio of 38.06, a P/E/G ratio of 2.56 and a beta of 1.01. The company has a debt-to-equity ratio of 8.25, a current ratio of 0.71 and a quick ratio of 0.72.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.02). Oracle had a net margin of 19.76% and a return on equity of 223.01%. The firm had revenue of $14.29 billion during the quarter, compared to analyst estimates of $14.57 billion. During the same period in the prior year, the business earned $1.35 EPS. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. Equities analysts expect that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, July 11th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend is Thursday, July 11th. Oracle’s dividend payout ratio is currently 43.13%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. KeyCorp increased their target price on Oracle from $150.00 to $165.00 and gave the company an “overweight” rating in a research note on Wednesday, June 12th. Piper Sandler increased their target price on Oracle from $140.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, June 12th. BMO Capital Markets increased their target price on Oracle from $142.00 to $160.00 and gave the company a “market perform” rating in a research note on Monday, June 17th. DA Davidson restated a “neutral” rating and set a $105.00 target price on shares of Oracle in a research note on Wednesday, June 12th. Finally, The Goldman Sachs Group increased their target price on Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, March 13th. Fourteen equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $145.83.

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.