Oracle Co. (NYSE:ORCL) Shares Sold by Corundum Group Inc.

Corundum Group Inc. reduced its holdings in Oracle Co. (NYSE:ORCL) by 41.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,701 shares of the enterprise software provider’s stock after selling 6,190 shares during the period. Oracle comprises 0.7% of Corundum Group Inc.’s holdings, making the stock its 28th largest position. Corundum Group Inc.’s holdings in Oracle were worth $1,483,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Fairway Wealth LLC acquired a new stake in Oracle in the second quarter valued at approximately $27,000. POM Investment Strategies LLC acquired a new stake in shares of Oracle in the second quarter worth approximately $30,000. Bbjs Financial Advisors LLC acquired a new stake in shares of Oracle in the second quarter worth approximately $35,000. Alaska Permanent Fund Corp acquired a new stake in shares of Oracle in the first quarter worth approximately $36,000. Finally, Koesten Hirschmann & Crabtree INC. purchased a new stake in Oracle in the first quarter valued at $38,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling 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 sale, the executive vice president now owns 42,889 shares in the company, valued at approximately $7,076,685. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 42.20% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ORCL shares. Citigroup lifted their price objective on Oracle from $140.00 to $157.00 and gave the company a “neutral” rating in a research note on Wednesday, September 11th. Piper Sandler upped their price objective on Oracle from $150.00 to $175.00 and gave the company an “overweight” rating in a research note on Tuesday, September 10th. Melius Research raised Oracle from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. Bank of America upped their price objective on Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. Finally, Barclays upped their price objective on Oracle from $160.00 to $172.00 and gave the company an “overweight” rating in a research note on Tuesday, September 10th. Ten analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $168.67.

Oracle Stock Performance

ORCL opened at $174.69 on Monday. The stock has a market cap of $484.08 billion, a P/E ratio of 45.02, a P/E/G ratio of 3.25 and a beta of 1.01. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. The stock’s 50 day simple moving average is $156.29 and its 200 day simple moving average is $138.67. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $178.61.

Oracle (NYSE:ORCL) last announced 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 firm had revenue of $13.31 billion for the quarter, compared to analysts’ expectations of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. Oracle’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.95 EPS. As a group, equities analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The business 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 dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend is Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is presently 41.24%.

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.