Moors & Cabot Inc. Sells 1,606 Shares of Oracle Co. (NYSE:ORCL)

Moors & Cabot Inc. cut its position in shares of Oracle Co. (NYSE:ORCL) by 4.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,468 shares of the enterprise software provider’s stock after selling 1,606 shares during the period. Moors & Cabot Inc.’s holdings in Oracle were worth $5,432,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ORCL. Westend Capital Management LLC bought a new position in shares of Oracle during the 1st quarter valued at approximately $25,000. Tidemark LLC bought a new position in Oracle during the fourth quarter valued at $29,000. Frank Rimerman Advisors LLC purchased a new position in shares of Oracle in the 4th quarter worth $30,000. POM Investment Strategies LLC bought a new stake in shares of Oracle in the 2nd quarter worth about $30,000. Finally, Bbjs Financial Advisors LLC purchased a new stake in shares of Oracle during the 2nd quarter valued at about $35,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling at Oracle

In other Oracle 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 transaction of $34,042,967.40. Following the completion of the sale, the insider now directly owns 2,626,764 shares of the company’s stock, valued at $379,042,045.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Edward Screven sold 235,918 shares of the company’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the transaction, the insider now directly owns 2,626,764 shares of the company’s stock, valued at $379,042,045.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Jeffrey Berg sold 22,500 shares of the firm’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $143.12, for a total value of $3,220,200.00. Following the completion of the sale, the director now directly owns 210,712 shares of the company’s stock, valued at approximately $30,157,101.44. The disclosure for this sale can be found here. Insiders have sold 1,862,500 shares of company stock worth $266,776,624 over the last quarter. Insiders own 42.80% of the company’s stock.

Oracle Trading Up 5.1 %

NYSE:ORCL opened at $170.37 on Tuesday. The firm has a 50-day simple moving average of $140.35 and a 200-day simple moving average of $130.57. Oracle Co. has a one year low of $99.26 and a one year high of $173.99. The firm has a market cap of $472.09 billion, a P/E ratio of 45.92, a P/E/G ratio of 2.95 and a beta of 1.01. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. The company had revenue of $13.31 billion during 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%. Oracle’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.95 earnings per share. Equities analysts anticipate that Oracle Co. will post 5.06 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend is Thursday, October 10th. Oracle’s payout ratio is currently 43.13%.

Analysts Set New Price Targets

Several research analysts recently commented on ORCL shares. Barclays lifted their price target on Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. UBS Group boosted their target price on Oracle from $160.00 to $175.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. Stifel Nicolaus raised their price target on Oracle from $135.00 to $155.00 and gave the stock a “hold” rating in a research report on Tuesday, September 10th. JPMorgan Chase & Co. boosted their price objective on shares of Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Finally, Jefferies Financial Group raised their target price on shares of Oracle from $170.00 to $190.00 and gave the stock a “buy” rating in a report on Monday. Eleven research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $163.88.

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.