Boston Trust Walden Corp Lowers Holdings in Oracle Co. (NYSE:ORCL)

by · The Cerbat Gem

Boston Trust Walden Corp lowered its holdings in shares of Oracle Co. (NYSE:ORCL – Free Report) by 6.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 400,487 shares of the enterprise software provider’s stock after selling 28,326 shares during the quarter. Boston Trust Walden Corp’s holdings in Oracle were worth $68,243,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ORCL. Fairway Wealth LLC purchased a new position in shares of Oracle in the second quarter worth $27,000. POM Investment Strategies LLC bought a new position in shares of Oracle during the 2nd quarter valued at about $30,000. Bbjs Financial Advisors LLC purchased a new position in shares of Oracle during the second quarter valued at about $35,000. Koesten Hirschmann & Crabtree INC. bought a new stake in shares of Oracle in the first quarter worth about $38,000. Finally, Redmont Wealth Advisors LLC purchased a new stake in shares of Oracle in the first quarter worth about $40,000. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Performance

ORCL stock traded down $0.86 during trading on Friday, reaching $173.52. The company had a trading volume of 3,674,717 shares, compared to its average volume of 8,360,906. The company has a market cap of $478.20 billion, a price-to-earnings ratio of 46.77, a price-to-earnings-growth ratio of 3.23 and a beta of 1.01. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $178.61. 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 firm has a 50-day simple moving average of $160.15 and a 200-day simple moving average of $140.20.

Oracle (NYSE:ORCL – Get Free Report) last announced its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The firm had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. During the same period in the previous year, the company earned $0.95 earnings per share. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. As a group, sell-side analysts expect that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were issued a $0.40 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.92%. Oracle’s dividend payout ratio (DPR) is presently 43.13%.

Analysts Set New Price Targets

ORCL has been the subject of several research analyst reports. Royal Bank of Canada initiated coverage on Oracle in a report on Wednesday. They set a “sector perform” rating and a $165.00 price target for the company. BMO Capital Markets boosted their target price on Oracle from $160.00 to $173.00 and gave the company a “market perform” rating in a research report on Tuesday, September 10th. Mizuho raised their price target on Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Bank of America increased their target price on shares of Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. Finally, Morgan Stanley boosted their price target on Oracle from $125.00 to $145.00 and gave the company an “equal weight” rating in a report on Tuesday, September 10th. Twelve equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $168.52.

Read Our Latest Stock Report on Oracle

Insider Buying and Selling

In other news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $7,076,685. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 42.80% of the stock is owned by corporate insiders.

About Oracle

(Free Report)

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.

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