Financial Management Professionals Inc. Decreases Stake in Oracle Co. (NYSE:ORCL)

Financial Management Professionals Inc. trimmed its holdings in shares of Oracle Co. (NYSE:ORCL) by 3.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,199 shares of the enterprise software provider’s stock after selling 67 shares during the quarter. Financial Management Professionals Inc.’s holdings in Oracle were worth $375,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ORCL. Fairway Wealth LLC purchased a new position in shares of Oracle during the 2nd quarter valued at approximately $27,000. POM Investment Strategies LLC bought a new position in Oracle during the 2nd quarter valued at $30,000. Bbjs Financial Advisors LLC acquired a new position in Oracle during the 2nd quarter worth $35,000. Quest Partners LLC bought a new stake in shares of Oracle in the 2nd quarter worth about $40,000. Finally, Avondale Wealth Management acquired a new stake in shares of Oracle in the 3rd quarter valued at about $51,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Jefferies Financial Group lifted their price target on Oracle from $170.00 to $190.00 and gave the stock a “buy” rating in a research note on Monday, September 16th. JPMorgan Chase & Co. lifted their target price on Oracle from $110.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Piper Sandler boosted their price target on Oracle from $150.00 to $175.00 and gave the company an “overweight” rating in a report on Tuesday, September 10th. UBS Group restated a “market outperform” rating on shares of Oracle in a research note on Friday, October 18th. Finally, Citigroup boosted their target price on shares of Oracle from $140.00 to $157.00 and gave the company a “neutral” rating in a research note on Wednesday, September 11th. Twelve investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat, Oracle currently has an average rating of “Moderate Buy” and a consensus price target of $168.52.

Oracle Trading Down 0.5 %

Oracle stock opened at $173.52 on Friday. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $178.61. The stock has a market capitalization of $478.20 billion, a PE ratio of 46.77, a price-to-earnings-growth ratio of 3.23 and a beta of 1.01. The firm has a 50 day simple moving average of $160.15 and a 200-day simple moving average of $140.31. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The business had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. During the same quarter in the prior year, the firm posted $0.95 earnings per share. The company’s revenue was up 6.9% on a year-over-year basis. As a group, equities research analysts expect that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date was Thursday, October 10th. Oracle’s payout ratio is 43.13%.

Insider Transactions at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the transaction, the executive vice president now owns 42,889 shares in the company, valued at $7,076,685. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 42.80% of the stock is owned by insiders.

Oracle 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.