Oracle Co. (NYSE:ORCL) Shares Sold by Westpac Banking Corp

Westpac Banking Corp lessened its stake in Oracle Co. (NYSE:ORCLFree Report) by 16.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 39,909 shares of the enterprise software provider’s stock after selling 7,923 shares during the period. Westpac Banking Corp’s holdings in Oracle were worth $4,208,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Orion Capital Management LLC purchased a new stake in Oracle during the 3rd quarter worth approximately $25,000. Ritter Daniher Financial Advisory LLC DE increased its position in shares of Oracle by 298.4% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock worth $26,000 after acquiring an additional 182 shares during the period. Spartan Planning & Wealth Management acquired a new stake in shares of Oracle in the third quarter valued at $27,000. Nordwand Advisors LLC purchased a new position in Oracle in the fourth quarter valued at $30,000. Finally, Cornerstone Planning Group LLC grew its stake in Oracle by 1,268.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock worth $36,000 after purchasing an additional 317 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling at Oracle

In related news, Director George H. Conrades sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $116.00, for a total value of $2,320,000.00. Following the sale, the director now owns 17,836 shares in the company, valued at approximately $2,068,976. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Michael J. Boskin sold 45,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $117.74, for a total transaction of $5,298,300.00. Following the completion of the transaction, the director now directly owns 87,473 shares of the company’s stock, valued at approximately $10,299,071.02. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director George H. Conrades sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $116.00, for a total value of $2,320,000.00. Following the completion of the sale, the director now directly owns 17,836 shares in the company, valued at approximately $2,068,976. The disclosure for this sale can be found here. Over the last three months, insiders sold 880,000 shares of company stock valued at $110,488,150. Corporate insiders own 42.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. HSBC increased their price target on Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. KeyCorp assumed coverage on shares of Oracle in a report on Thursday, March 21st. They set an “overweight” rating and a $150.00 price target for the company. StockNews.com upgraded shares of Oracle from a “hold” rating to a “buy” rating in a report on Thursday, May 9th. BMO Capital Markets lifted their price objective on shares of Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a research report on Tuesday, March 12th. Finally, Oppenheimer assumed coverage on Oracle in a report on Thursday, April 18th. They issued a “market perform” rating on the stock. Ten equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $130.76.

Check Out Our Latest Analysis on ORCL

Oracle Stock Performance

Shares of ORCL stock traded up $0.35 during trading hours on Wednesday, reaching $121.22. 3,871,365 shares of the company’s stock were exchanged, compared to its average volume of 8,120,985. The company has a debt-to-equity ratio of 13.34, a current ratio of 0.85 and a quick ratio of 0.85. The company’s 50 day moving average is $120.71 and its two-hundred day moving average is $114.12. The company has a market cap of $333.17 billion, a P/E ratio of 31.96, a price-to-earnings-growth ratio of 2.33 and a beta of 1.03. Oracle Co. has a 1 year low of $96.92 and a 1 year high of $132.77.

Oracle (NYSE:ORCLGet Free Report) last released its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.04. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The firm had revenue of $13.28 billion during the quarter, compared to analysts’ expectations of $13.29 billion. During the same quarter in the prior year, the business posted $0.96 earnings per share. Oracle’s revenue was up 7.1% compared to the same quarter last year. Equities research analysts anticipate that Oracle Co. will post 4.44 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.60 annualized dividend and a yield of 1.32%. Oracle’s payout ratio is currently 42.22%.

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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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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