Semmax Financial Advisors Inc. Sells 843 Shares of Oracle Co. (NYSE:ORCL)

Semmax Financial Advisors Inc. lessened its position in Oracle Co. (NYSE:ORCL) by 4.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 17,865 shares of the enterprise software provider’s stock after selling 843 shares during the period. Semmax Financial Advisors Inc.’s holdings in Oracle were worth $3,044,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of ORCL. Massmutual Trust Co. FSB ADV grew its holdings in Oracle by 19.5% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 15,346 shares of the enterprise software provider’s stock valued at $2,167,000 after buying an additional 2,508 shares during the last quarter. Bank & Trust Co acquired a new position in shares of Oracle in the 2nd quarter worth approximately $648,000. Chickasaw Capital Management LLC lifted its holdings in shares of Oracle by 7.6% during the second quarter. Chickasaw Capital Management LLC now owns 20,617 shares of the enterprise software provider’s stock valued at $2,911,000 after acquiring an additional 1,465 shares during the period. Quent Capital LLC boosted its position in Oracle by 1.9% in the second quarter. Quent Capital LLC now owns 9,595 shares of the enterprise software provider’s stock valued at $1,355,000 after buying an additional 175 shares in the last quarter. Finally, Trust Co. of Toledo NA OH increased its holdings in shares of Oracle by 4.6% during the second quarter. Trust Co. of Toledo NA OH now owns 111,210 shares of the enterprise software provider’s stock worth $15,703,000 after buying an additional 4,849 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

ORCL has been the topic of a number of research analyst reports. Piper Sandler increased their price target on Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. DA Davidson increased their target price on Oracle from $105.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. Guggenheim lifted their price target on Oracle from $185.00 to $200.00 and gave the company a “buy” rating in a report on Friday, September 13th. KeyCorp increased their price objective on shares of Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Finally, Barclays boosted their target price on shares of Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. Eleven equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $169.52.

Oracle Stock Up 1.2 %

Shares of Oracle stock opened at $184.84 on Friday. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $196.04. 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 company has a market capitalization of $512.20 billion, a P/E ratio of 47.64, a price-to-earnings-growth ratio of 3.41 and a beta of 1.02. The business has a 50-day moving average of $177.45 and a two-hundred day moving average of $151.80.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. The firm’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.95 earnings per share. As a group, equities analysts predict that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

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

Insider Buying and Selling

In other Oracle news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction 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. The trade was a 12.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 42.20% of the stock is owned by corporate insiders.

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.