Oracle Co. (NYSE:ORCL) Holdings Cut by Charles Schwab Trust Co

by · The Markets Daily

Charles Schwab Trust Co lessened its stake in shares of Oracle Co. (NYSE:ORCL – Free Report) by 9.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,983 shares of the enterprise software provider’s stock after selling 810 shares during the period. Charles Schwab Trust Co’s holdings in Oracle were worth $1,360,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Westend Capital Management LLC bought a new stake in shares of Oracle during the first quarter worth approximately $25,000. Fairway Wealth LLC bought a new stake in Oracle during the 2nd quarter worth about $27,000. POM Investment Strategies LLC bought a new stake in Oracle during the 2nd quarter worth about $30,000. Bbjs Financial Advisors LLC acquired a new position in shares of Oracle during the 2nd quarter worth about $35,000. Finally, Alaska Permanent Fund Corp acquired a new position in shares of Oracle during the 1st quarter worth about $36,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. TD Cowen upped their price target on shares of Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. Piper Sandler lifted their target price on Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. Sanford C. Bernstein raised their price objective on Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. Stifel Nicolaus lifted their target price on Oracle from $135.00 to $155.00 and gave the company a “hold” rating in a research report on Tuesday, September 10th. Finally, UBS Group lifted 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. Ten equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to MarketBeat.com, Oracle has an average rating of “Moderate Buy” and a consensus price target of $167.42.

Check Out Our Latest Analysis on Oracle

Oracle Stock Down 0.3 %

NYSE:ORCL traded down $0.60 during trading hours on Friday, reaching $174.81. 3,133,818 shares of the stock were exchanged, compared to its average volume of 8,522,224. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $178.61. The firm has a 50 day moving average of $150.79 and a 200 day moving average of $136.43. The stock has a market cap of $484.41 billion, a PE ratio of 45.30, a PEG ratio of 3.29 and a beta of 1.01.

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

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.92%. The ex-dividend date is Thursday, October 10th. Oracle’s payout ratio is presently 41.24%.

Insider Activity at Oracle

In other news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $143.69, for a total value of $161,651,250.00. Following the completion of the sale, the chairman now owns 1,145,732,353 shares of the company’s stock, valued at approximately $164,630,281,802.57. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Oracle news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the transaction, the executive vice president now owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the business’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the sale, the chairman now directly owns 1,145,732,353 shares in the company, valued at approximately $164,630,281,802.57. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,146,320 shares of company stock worth $164,762,400. Insiders own 42.20% of the company’s stock.

Oracle Profile

(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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