Oracle Co. (NYSE:ORCL) Shares Sold by Johnson Financial Group Inc.

Johnson Financial Group Inc. lessened its position in shares of Oracle Co. (NYSE:ORCL) by 7.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,302 shares of the enterprise software provider’s stock after selling 602 shares during the quarter. Johnson Financial Group Inc.’s holdings in Oracle were worth $770,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in ORCL. Invst LLC lifted its holdings in shares of Oracle by 2.7% during the fourth quarter. Invst LLC now owns 3,299 shares of the enterprise software provider’s stock valued at $380,000 after purchasing an additional 86 shares during the last quarter. Nemes Rush Group LLC lifted its holdings in shares of Oracle by 1.2% during the fourth quarter. Nemes Rush Group LLC now owns 7,334 shares of the enterprise software provider’s stock valued at $773,000 after purchasing an additional 86 shares during the last quarter. Avidian Wealth Solutions LLC lifted its holdings in shares of Oracle by 1.1% during the fourth quarter. Avidian Wealth Solutions LLC now owns 8,516 shares of the enterprise software provider’s stock valued at $898,000 after purchasing an additional 90 shares during the last quarter. Sovereign Financial Group Inc. lifted its holdings in shares of Oracle by 2.9% during the fourth quarter. Sovereign Financial Group Inc. now owns 3,244 shares of the enterprise software provider’s stock valued at $342,000 after purchasing an additional 90 shares during the last quarter. Finally, Bison Wealth LLC lifted its holdings in shares of Oracle by 0.8% during the third quarter. Bison Wealth LLC now owns 12,089 shares of the enterprise software provider’s stock valued at $1,280,000 after purchasing an additional 91 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Down 1.0 %

Shares of NYSE ORCL traded down $1.18 during mid-day trading on Friday, reaching $122.91. 7,173,435 shares of the company traded hands, compared to its average volume of 6,129,077. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market cap of $337.82 billion, a PE ratio of 32.43, a price-to-earnings-growth ratio of 2.88 and a beta of 1.03. The company’s fifty day moving average is $121.31 and its two-hundred day moving average is $115.03. Oracle Co. has a fifty-two week low of $98.77 and a fifty-two week high of $132.77.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. The business had revenue of $13.28 billion for the quarter, compared to analyst estimates of $13.29 billion. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.96 EPS. On average, analysts expect that Oracle Co. will post 4.44 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend was Tuesday, April 9th. Oracle’s dividend payout ratio is 42.22%.

Insider Buying and Selling at Oracle

In other Oracle news, Director Michael J. Boskin sold 45,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $117.74, for a total value of $5,298,300.00. Following the sale, the director now owns 87,473 shares of the company’s stock, valued at approximately $10,299,071.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Oracle news, Director George H. Conrades sold 20,000 shares of the firm’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 completion of the sale, the director now owns 17,836 shares in the company, valued at approximately $2,068,976. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael J. Boskin sold 45,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $117.74, for a total value of $5,298,300.00. Following the completion of the sale, the director now owns 87,473 shares of the company’s stock, valued at approximately $10,299,071.02. The disclosure for this sale can be found here. Insiders have sold 880,000 shares of company stock valued at $110,488,150 in the last 90 days. 42.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on ORCL shares. Oppenheimer started coverage on Oracle in a report on Thursday, April 18th. They set a “market perform” rating for the company. William Blair raised Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. HSBC increased their price objective on Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. BMO Capital Markets increased their price objective on Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 12th. Finally, StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th. Ten analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $130.76.

Oracle Company 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.