Gould Capital LLC Sells 79 Shares of Oracle Co. (NYSE:ORCL)

Gould Capital LLC decreased its holdings in Oracle Co. (NYSE:ORCL) by 8.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 853 shares of the enterprise software provider’s stock after selling 79 shares during the quarter. Gould Capital LLC’s holdings in Oracle were worth $145,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Geode Capital Management LLC lifted its position in shares of Oracle by 2.6% during the third quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider’s stock worth $5,977,015,000 after purchasing an additional 885,041 shares in the last quarter. Executive Wealth Management LLC lifted its holdings in Oracle by 4.5% during the 3rd quarter. Executive Wealth Management LLC now owns 2,862 shares of the enterprise software provider’s stock worth $488,000 after buying an additional 124 shares in the last quarter. Abel Hall LLC lifted its holdings in Oracle by 3.7% during the 3rd quarter. Abel Hall LLC now owns 2,188 shares of the enterprise software provider’s stock worth $373,000 after buying an additional 78 shares in the last quarter. Drucker Wealth 3.0 LLC increased its stake in shares of Oracle by 3.8% in the 3rd quarter. Drucker Wealth 3.0 LLC now owns 15,648 shares of the enterprise software provider’s stock valued at $2,666,000 after buying an additional 571 shares during the period. Finally, SGL Investment Advisors Inc. bought a new stake in shares of Oracle during the third quarter worth $276,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

ORCL has been the topic of several recent research reports. Evercore ISI raised their price target on Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a report on Tuesday. Oppenheimer reiterated a “market perform” rating on shares of Oracle in a research report on Tuesday, September 10th. JPMorgan Chase & Co. increased their price objective on shares of Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Sanford C. Bernstein lifted their target price on shares of Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. Finally, StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a research note on Wednesday, November 20th. Eleven research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $176.40.

Insider Activity

In related news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction dated Monday, September 16th. The stock was 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 owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. The trade was a 12.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 42.20% of the stock is owned by corporate insiders.

Oracle Trading Down 0.6 %

ORCL opened at $190.54 on Tuesday. The firm’s fifty day simple moving average is $179.76 and its 200 day simple moving average is $154.67. The stock has a market capitalization of $528.00 billion, a P/E ratio of 49.11, a P/E/G ratio of 3.49 and a beta of 1.03. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $198.31.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.01). The firm had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.34 earnings per share. As a group, research analysts anticipate that Oracle Co. will post 5.06 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.84%. Oracle’s dividend payout ratio is currently 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.