Oracle Co. (NYSE:ORCL) Shares Sold by Dixon Mitchell Investment Counsel Inc.

Dixon Mitchell Investment Counsel Inc. reduced its stake in Oracle Co. (NYSE:ORCL) by 52.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 157,468 shares of the enterprise software provider’s stock after selling 176,944 shares during the period. Dixon Mitchell Investment Counsel Inc.’s holdings in Oracle were worth $19,780,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Contour Asset Management LLC boosted its position in shares of Oracle by 41.5% during the 4th quarter. Contour Asset Management LLC now owns 2,192,950 shares of the enterprise software provider’s stock valued at $231,203,000 after purchasing an additional 643,490 shares in the last quarter. Sandy Spring Bank grew its position in Oracle by 1.4% in the fourth quarter. Sandy Spring Bank now owns 78,049 shares of the enterprise software provider’s stock worth $8,229,000 after buying an additional 1,107 shares during the last quarter. Hancock Whitney Corp increased its holdings in shares of Oracle by 12.7% in the fourth quarter. Hancock Whitney Corp now owns 29,301 shares of the enterprise software provider’s stock valued at $3,089,000 after buying an additional 3,291 shares in the last quarter. LVM Capital Management Ltd. MI lifted its position in shares of Oracle by 3.5% during the 4th quarter. LVM Capital Management Ltd. MI now owns 5,986 shares of the enterprise software provider’s stock valued at $631,000 after acquiring an additional 200 shares during the last quarter. Finally, Heritage Wealth Advisors boosted its stake in shares of Oracle by 0.6% during the 4th quarter. Heritage Wealth Advisors now owns 16,995 shares of the enterprise software provider’s stock worth $1,792,000 after acquiring an additional 109 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Edward Screven sold 37,221 shares of the business’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $140.19, for a total transaction of $5,218,011.99. Following the sale, the insider now directly owns 2,626,764 shares in the company, valued at $368,246,045.16. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Edward Screven sold 37,221 shares of the company’s stock in a transaction dated Wednesday, June 26th. The shares were 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 legal filing with the SEC, which is accessible through this hyperlink. Also, Director George H. Conrades sold 20,000 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $116.00, for a total transaction of $2,320,000.00. Following the transaction, the director now owns 17,836 shares of the company’s stock, valued at approximately $2,068,976. The disclosure for this sale can be found here. Insiders have sold a total of 385,639 shares of company stock valued at $53,002,729 over the last three months. 42.80% of the stock is owned by corporate insiders.

Oracle Stock Performance

Shares of ORCL stock traded up $0.18 during trading on Tuesday, reaching $143.27. The company had a trading volume of 5,919,811 shares, compared to its average volume of 8,684,125. Oracle Co. has a one year low of $99.26 and a one year high of $145.32. The company has a market capitalization of $394.83 billion, a PE ratio of 38.58, a PEG ratio of 2.56 and a beta of 1.02. The company has a debt-to-equity ratio of 8.25, a current ratio of 0.71 and a quick ratio of 0.72. The firm’s 50 day simple moving average is $125.81 and its two-hundred day simple moving average is $118.49.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Tuesday, June 11th. The enterprise software provider reported $1.63 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). Oracle had a return on equity of 223.01% and a net margin of 19.76%. The business had revenue of $14.29 billion during the quarter, compared to the consensus estimate of $14.57 billion. During the same quarter in the previous year, the firm posted $1.35 earnings per share. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. Sell-side analysts forecast that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend is Thursday, July 11th. Oracle’s dividend payout ratio is currently 43.13%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on ORCL shares. TD Cowen boosted their target price on Oracle from $145.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, June 12th. Argus lifted their price target on Oracle from $145.00 to $159.00 and gave the stock a “buy” rating in a research note on Tuesday, June 18th. The Goldman Sachs Group upped their price objective on shares of Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, March 13th. Piper Sandler lifted their target price on shares of Oracle from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 12th. Finally, UBS Group raised their price objective on shares of Oracle from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12th. Fourteen equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat, Oracle currently has an average rating of “Moderate Buy” and a consensus target price of $145.83.

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.