W.G. Shaheen & Associates DBA Whitney & Co Has $2.07 Million Holdings in Oracle Co. (NYSE:ORCL)

W.G. Shaheen & Associates DBA Whitney & Co reduced its stake in shares of Oracle Co. (NYSE:ORCL) by 1.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,150 shares of the enterprise software provider’s stock after selling 149 shares during the quarter. W.G. Shaheen & Associates DBA Whitney & Co’s holdings in Oracle were worth $2,070,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Edgestream Partners L.P. raised its stake in shares of Oracle by 91.7% in the 1st quarter. Edgestream Partners L.P. now owns 13,771 shares of the enterprise software provider’s stock valued at $1,730,000 after buying an additional 6,587 shares in the last quarter. Pitcairn Co. raised its stake in shares of Oracle by 3.5% in the 1st quarter. Pitcairn Co. now owns 20,017 shares of the enterprise software provider’s stock valued at $2,514,000 after buying an additional 669 shares in the last quarter. Ossiam raised its stake in shares of Oracle by 28.1% in the 1st quarter. Ossiam now owns 42,761 shares of the enterprise software provider’s stock valued at $5,371,000 after buying an additional 9,377 shares in the last quarter. Titan Global Capital Management USA LLC grew its holdings in shares of Oracle by 13.4% in the 1st quarter. Titan Global Capital Management USA LLC now owns 13,286 shares of the enterprise software provider’s stock worth $1,669,000 after purchasing an additional 1,567 shares during the last quarter. Finally, Evermay Wealth Management LLC grew its holdings in shares of Oracle by 13.1% in the 1st quarter. Evermay Wealth Management LLC now owns 4,579 shares of the enterprise software provider’s stock worth $575,000 after purchasing an additional 532 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Oppenheimer reissued a “market perform” rating on shares of Oracle in a report on Tuesday, September 10th. Melius raised shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 price objective on the stock in a report on Monday, September 16th. Melius Research raised shares of Oracle from a “hold” rating to a “buy” rating in a report on Monday, September 16th. Piper Sandler increased their price objective on shares of Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. Finally, DA Davidson upped their target price on shares of Oracle from $105.00 to $140.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. Eleven analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $169.52.

Insider Activity

In other news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the sale, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. This trade represents a 12.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 42.20% of the stock is owned by corporate insiders.

Oracle Stock Performance

Shares of ORCL stock opened at $185.75 on Tuesday. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. The company has a market capitalization of $514.72 billion, a P/E ratio of 47.87, a price-to-earnings-growth ratio of 3.39 and a beta of 1.02. The company’s 50 day moving average price is $173.06 and its two-hundred day moving average price is $147.56. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $191.77.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, topping the consensus estimate of $1.33 by $0.06. The firm had revenue of $13.31 billion for the quarter, compared to the consensus estimate of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period last year, the company posted $0.95 EPS. On average, analysts expect that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were issued a $0.40 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.86%. Oracle’s dividend payout ratio (DPR) is presently 41.24%.

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.