MBL Wealth LLC Sells 232 Shares of Oracle Co. (NYSE:ORCL)

MBL Wealth LLC cut its position in Oracle Co. (NYSE:ORCL) by 4.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,136 shares of the enterprise software provider’s stock after selling 232 shares during the quarter. MBL Wealth LLC’s holdings in Oracle were worth $725,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ORCL. Vanguard Group Inc. boosted its holdings in shares of Oracle by 1.0% during the first quarter. Vanguard Group Inc. now owns 151,213,890 shares of the enterprise software provider’s stock worth $18,993,977,000 after acquiring an additional 1,514,569 shares during the period. Capital World Investors increased its position in Oracle by 0.4% during the 1st quarter. Capital World Investors now owns 18,466,713 shares of the enterprise software provider’s stock worth $2,319,604,000 after buying an additional 82,551 shares during the period. Parnassus Investments LLC grew its position in shares of Oracle by 17.7% during the 4th quarter. Parnassus Investments LLC now owns 14,599,902 shares of the enterprise software provider’s stock worth $1,539,268,000 after purchasing an additional 2,191,342 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Oracle by 148.8% during the first quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock worth $1,616,855,000 after purchasing an additional 7,699,141 shares during the period. Finally, Putnam Investments LLC boosted its stake in shares of Oracle by 6.0% in the fourth quarter. Putnam Investments LLC now owns 12,339,385 shares of the enterprise software provider’s stock valued at $1,300,941,000 after buying an additional 697,961 shares during the period. 42.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on ORCL shares. BMO Capital Markets raised their target price on shares of Oracle from $142.00 to $160.00 and gave the company a “market perform” rating in a report on Monday, June 17th. TD Cowen raised their target price on Oracle from $145.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, June 12th. Guggenheim reissued a “buy” rating and set a $175.00 price target on shares of Oracle in a report on Tuesday, June 25th. Deutsche Bank Aktiengesellschaft raised their price objective on Oracle from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, June 17th. Finally, StockNews.com downgraded Oracle from a “buy” rating to a “hold” rating in a research note on Thursday, June 6th. Fourteen research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat, Oracle presently has a consensus rating of “Moderate Buy” and an average price target of $145.83.

Oracle Stock Performance

Shares of NYSE ORCL traded up $0.54 during trading on Friday, reaching $137.47. 4,893,787 shares of the stock traded hands, compared to its average volume of 8,289,465. The company has a debt-to-equity ratio of 8.25, a current ratio of 0.71 and a quick ratio of 0.72. The stock has a market capitalization of $378.85 billion, a P/E ratio of 37.05, a price-to-earnings-growth ratio of 2.39 and a beta of 1.02. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $146.59. The company has a 50-day moving average of $138.39 and a 200-day moving average of $125.79.

Oracle (NYSE:ORCL) last issued its earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). Oracle had a return on equity of 223.01% and a net margin of 19.76%. The business had revenue of $14.29 billion for the quarter, compared to the consensus estimate of $14.57 billion. During the same quarter in the prior year, the business earned $1.35 EPS. Oracle’s revenue for the quarter was up 3.3% compared to the same quarter last year. Analysts forecast that Oracle Co. will post 5.02 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th were paid a $0.40 dividend. The ex-dividend date of this dividend was Thursday, July 11th. This represents a $1.60 annualized dividend and a yield of 1.16%. Oracle’s dividend payout ratio is currently 43.13%.

Insider Buying and Selling at Oracle

In other Oracle news, insider Edward Screven sold 235,918 shares of the stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $144.30, for a total value of $34,042,967.40. Following the sale, the insider now directly owns 2,626,764 shares in the company, valued at approximately $379,042,045.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Edward Screven sold 235,918 shares of Oracle stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the completion of the sale, the insider now owns 2,626,764 shares in the company, valued at approximately $379,042,045.20. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jeffrey Berg sold 22,500 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $143.12, for a total transaction of $3,220,200.00. Following the completion of the transaction, the director now owns 210,712 shares in the company, valued at $30,157,101.44. The disclosure for this sale can be found here. Insiders sold 1,862,500 shares of company stock valued at $266,776,624 in the last quarter. 42.80% of the stock is currently 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.