Schneider Downs Wealth Management Advisors LP Sells 319 Shares of Oracle Co. (NYSE:ORCL)

Schneider Downs Wealth Management Advisors LP lowered its stake in shares of Oracle Co. (NYSE:ORCL) by 8.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,686 shares of the enterprise software provider’s stock after selling 319 shares during the quarter. Schneider Downs Wealth Management Advisors LP’s holdings in Oracle were worth $628,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Kinsale Capital Group Inc. grew its stake in Oracle by 15.8% in the 3rd quarter. Kinsale Capital Group Inc. now owns 51,340 shares of the enterprise software provider’s stock valued at $8,748,000 after buying an additional 7,001 shares in the last quarter. Turtle Creek Wealth Advisors LLC increased its position in shares of Oracle by 8.5% during the third quarter. Turtle Creek Wealth Advisors LLC now owns 2,664 shares of the enterprise software provider’s stock valued at $454,000 after buying an additional 209 shares during the period. Comgest Global Investors S.A.S. boosted its holdings in Oracle by 3.0% in the 3rd quarter. Comgest Global Investors S.A.S. now owns 644,079 shares of the enterprise software provider’s stock valued at $109,751,000 after purchasing an additional 19,020 shares during the period. LJI Wealth Management LLC increased its holdings in shares of Oracle by 2.6% in the third quarter. LJI Wealth Management LLC now owns 4,983 shares of the enterprise software provider’s stock worth $849,000 after purchasing an additional 125 shares during the period. Finally, KPP Advisory Services LLC boosted its stake in Oracle by 3.5% during the third quarter. KPP Advisory Services LLC now owns 3,977 shares of the enterprise software provider’s stock valued at $678,000 after buying an additional 134 shares during the period. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Performance

Shares of ORCL opened at $183.74 on Friday. The company has a 50-day simple moving average of $172.14 and a two-hundred day simple moving average of $146.83. 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 firm has a market capitalization of $509.15 billion, a PE ratio of 47.36, a price-to-earnings-growth ratio of 3.39 and a beta of 1.02. Oracle Co. has a one year low of $99.26 and a one year high of $191.77.

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

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were paid a $0.40 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.87%. Oracle’s payout ratio is currently 41.24%.

Insider Activity at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction dated 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 completion of the transaction, the executive vice president now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 42.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have weighed in on ORCL shares. Melius Research raised Oracle from a “hold” rating to a “buy” rating in a report on Monday, September 16th. Melius upgraded shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 target price for the company in a research report on Monday, September 16th. UBS Group restated a “market outperform” rating on shares of Oracle in a research report on Friday, October 18th. Piper Sandler upped their target price on shares of Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. Finally, TD Cowen raised their price target on Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. Eleven equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $169.52.

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.