Oracle Co. (NYSE:ORCL) Shares Sold by HCR Wealth Advisors

HCR Wealth Advisors reduced its position in shares of Oracle Co. (NYSE:ORCL) by 3.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,693 shares of the enterprise software provider’s stock after selling 874 shares during the period. HCR Wealth Advisors’ holdings in Oracle were worth $3,487,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in ORCL. Westend Capital Management LLC acquired a new position in shares of Oracle during the 1st quarter worth $25,000. Tidemark LLC purchased a new position in Oracle in the fourth quarter valued at about $29,000. Nordwand Advisors LLC acquired a new stake in shares of Oracle during the 4th quarter valued at approximately $30,000. Frank Rimerman Advisors LLC purchased a new stake in shares of Oracle during the 4th quarter worth approximately $30,000. Finally, POM Investment Strategies LLC acquired a new stake in shares of Oracle in the 2nd quarter worth approximately $30,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insiders Place Their Bets

In other news, Director Leon E. Panetta sold 15,000 shares of Oracle stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the sale, the director now owns 58,090 shares in the company, valued at $8,010,030.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Leon E. Panetta sold 15,000 shares of the firm’s stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the completion of the sale, the director now directly owns 58,090 shares in the company, valued at $8,010,030.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 value of $34,042,967.40. Following the sale, the insider now directly owns 2,626,764 shares in the company, valued at $379,042,045.20. The disclosure for this sale can be found here. Insiders sold a total of 1,862,500 shares of company stock worth $266,776,624 in the last 90 days. 42.80% of the stock is owned by company insiders.

Oracle Trading Down 0.6 %

Shares of ORCL stock opened at $141.81 on Monday. The company has a quick ratio of 0.72, a current ratio of 0.71 and a debt-to-equity ratio of 8.25. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $146.59. The firm’s 50 day moving average price is $138.72 and its two-hundred day moving average price is $128.62. The stock has a market cap of $390.81 billion, a price-to-earnings ratio of 38.22, a price-to-earnings-growth ratio of 2.56 and a beta of 1.01.

Oracle (NYSE:ORCL) last announced its quarterly 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 analysts’ expectations of $14.57 billion. During the same period last year, the company posted $1.35 earnings per share. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, analysts anticipate that Oracle Co. will post 5.02 EPS for the current year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Thursday, July 11th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend was Thursday, July 11th. Oracle’s dividend payout ratio (DPR) is presently 43.13%.

Analyst Ratings Changes

A number of analysts have commented on ORCL shares. Sanford C. Bernstein boosted their target price on Oracle from $159.00 to $171.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 12th. Stifel Nicolaus increased their price objective on shares of Oracle from $120.00 to $135.00 and gave the company a “hold” rating in a research note on Wednesday, June 12th. UBS Group lifted their target price on shares of Oracle from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, June 12th. Morgan Stanley reiterated an “equal weight” rating and issued a $125.00 price target on shares of Oracle in a research report on Tuesday, June 25th. Finally, KeyCorp lifted their price objective on Oracle from $150.00 to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 12th. Fourteen research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Oracle presently has an average rating of “Moderate Buy” and a consensus price target of $145.87.

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.