Oracle Co. (NYSE:ORCL) Shares Sold by GDS Wealth Management

GDS Wealth Management decreased its stake in Oracle Co. (NYSE:ORCL) by 25.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,594 shares of the enterprise software provider’s stock after selling 542 shares during the period. GDS Wealth Management’s holdings in Oracle were worth $225,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Westend Capital Management LLC purchased a new stake in shares of Oracle in the 1st quarter worth about $25,000. POM Investment Strategies LLC acquired a new position in Oracle during the second quarter worth about $30,000. Bbjs Financial Advisors LLC purchased a new stake in shares of Oracle in the second quarter valued at about $35,000. Tidemark LLC purchased a new position in shares of Oracle during the 4th quarter worth approximately $29,000. Finally, Frank Rimerman Advisors LLC acquired a new position in shares of Oracle during the 4th quarter worth approximately $30,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on ORCL shares. Evercore ISI upped their price objective on Oracle from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Argus raised their price target on shares of Oracle from $145.00 to $159.00 and gave the stock a “buy” rating in a research note on Tuesday, June 18th. Melius Research upgraded shares of Oracle from a “hold” rating to a “buy” rating in a report on Monday. Piper Sandler upped their price objective on shares of Oracle from $150.00 to $175.00 and gave the company an “overweight” rating in a research note on Tuesday, September 10th. Finally, Citigroup lifted their target price on shares of Oracle from $140.00 to $157.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 11th. Eleven analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and an average price target of $163.88.

Oracle Trading Up 5.1 %

NYSE:ORCL opened at $170.37 on Tuesday. The company has a market cap of $472.09 billion, a PE ratio of 45.92, a P/E/G ratio of 2.95 and a beta of 1.01. The business’s 50 day moving average is $140.35 and its two-hundred day moving average is $130.57. 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 Co. has a 52 week low of $99.26 and a 52 week high of $173.99.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm had revenue of $13.31 billion for the quarter, compared to analysts’ expectations of $13.23 billion. During the same period last year, the business posted $0.95 earnings per share. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, analysts predict that Oracle Co. will post 5.06 EPS for the current year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be issued a $0.40 dividend. The ex-dividend date is Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.94%. Oracle’s dividend payout ratio is currently 43.13%.

Insider Activity

In related news, insider Edward Screven sold 235,918 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $144.30, for a total value of $34,042,967.40. Following the sale, the insider now owns 2,626,764 shares of the company’s stock, valued at approximately $379,042,045.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Edward Screven sold 235,918 shares of the stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $144.30, for a total value of $34,042,967.40. Following the sale, the insider now owns 2,626,764 shares of the company’s stock, valued at approximately $379,042,045.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Jeffrey Berg sold 22,500 shares of the business’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $143.12, for a total transaction of $3,220,200.00. Following the transaction, the director now directly owns 210,712 shares of the company’s stock, valued at $30,157,101.44. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,862,500 shares of company stock valued at $266,776,624. 42.80% of the stock is currently owned by insiders.

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.