Oracle Co. (NYSE:ORCL) Shares Sold by Affinity Investment Advisors LLC

Affinity Investment Advisors LLC reduced its holdings in Oracle Co. (NYSE:ORCL) by 12.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,378 shares of the enterprise software provider’s stock after selling 767 shares during the quarter. Affinity Investment Advisors LLC’s holdings in Oracle were worth $916,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Americana Partners LLC acquired a new position in Oracle during the third quarter worth about $1,653,000. Shepherd Financial Partners LLC boosted its stake in shares of Oracle by 10.2% during the 3rd quarter. Shepherd Financial Partners LLC now owns 5,075 shares of the enterprise software provider’s stock worth $865,000 after acquiring an additional 470 shares in the last quarter. W Advisors LLC grew its holdings in shares of Oracle by 3.1% in the 3rd quarter. W Advisors LLC now owns 2,158 shares of the enterprise software provider’s stock worth $368,000 after acquiring an additional 64 shares during the period. Interchange Capital Partners LLC increased its stake in Oracle by 2.3% in the 3rd quarter. Interchange Capital Partners LLC now owns 6,969 shares of the enterprise software provider’s stock valued at $1,188,000 after purchasing an additional 160 shares in the last quarter. Finally, Values Added Financial LLC raised its holdings in Oracle by 17.2% during the third quarter. Values Added Financial LLC now owns 2,183 shares of the enterprise software provider’s stock worth $372,000 after purchasing an additional 320 shares during the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Trading Up 1.3 %

Shares of ORCL opened at $170.02 on Friday. The stock’s fifty day simple moving average is $163.43 and its 200 day simple moving average is $141.93. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $178.61. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. The firm has a market capitalization of $471.14 billion, a P/E ratio of 43.82, a price-to-earnings-growth ratio of 3.22 and a beta of 1.01.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. The company had revenue of $13.31 billion for the quarter, compared to the consensus estimate of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period last year, the business posted $0.95 EPS. On average, equities research analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.94%. The ex-dividend date was Thursday, October 10th. Oracle’s payout ratio is currently 41.24%.

Insider Activity

In related news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the sale, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 42.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ORCL. Stifel Nicolaus raised their price target on Oracle from $135.00 to $155.00 and gave the company a “hold” rating in a research report on Tuesday, September 10th. Mizuho raised their target price on shares of Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. TD Cowen upped their price target on shares of Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Melius raised shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 price objective for the company in a research note on Monday, September 16th. Finally, JPMorgan Chase & Co. lifted their price objective on Oracle from $110.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Twelve analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $168.52.

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.