Altman Advisors Inc. Cuts Stock Holdings in Oracle Co. (NYSE:ORCL)

Altman Advisors Inc. cut its holdings in Oracle Co. (NYSE:ORCL) by 0.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,695 shares of the enterprise software provider’s stock after selling 75 shares during the period. Oracle accounts for 1.3% of Altman Advisors Inc.’s portfolio, making the stock its 17th largest holding. Altman Advisors Inc.’s holdings in Oracle were worth $2,845,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in ORCL. Fairway Wealth LLC purchased a new stake in shares of Oracle during the second quarter valued at about $27,000. POM Investment Strategies LLC acquired a new stake in shares of Oracle during the 2nd quarter worth approximately $30,000. Bbjs Financial Advisors LLC acquired a new stake in shares of Oracle during the 2nd quarter valued at about $35,000. Koesten Hirschmann & Crabtree INC. purchased a new stake in shares of Oracle in the first quarter valued at approximately $38,000. Finally, Quest Partners LLC acquired a new position in Oracle during the second quarter worth $40,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Price Performance

Shares of ORCL opened at $190.00 on Wednesday. The firm has a market cap of $526.50 billion, a PE ratio of 48.69, a PEG ratio of 3.39 and a beta of 1.02. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $191.77. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. The firm’s 50 day moving average price is $173.72 and its 200 day moving average price is $148.08.

Oracle (NYSE:ORCL) last released its quarterly earnings results 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. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The company had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. During the same quarter last year, the firm posted $0.95 earnings per share. Oracle’s revenue was up 6.9% compared to the same quarter last year. As a group, research analysts expect that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is 41.24%.

Analyst Upgrades and Downgrades

ORCL has been the topic of several recent research reports. Royal Bank of Canada started coverage on shares of Oracle in a research report on Wednesday, October 23rd. They set a “sector perform” rating and a $165.00 price target on the stock. BMO Capital Markets increased their price objective on Oracle from $160.00 to $173.00 and gave the company a “market perform” rating in a report on Tuesday, September 10th. Jefferies Financial Group lifted their target price on shares of Oracle from $170.00 to $190.00 and gave the company a “buy” rating in a report on Monday, September 16th. Barclays increased their price objective on shares of Oracle from $160.00 to $172.00 and gave the company an “overweight” rating in a research note on Tuesday, September 10th. Finally, Citigroup upped their target price on Oracle from $140.00 to $157.00 and gave the company a “neutral” rating in a research note on Wednesday, September 11th. Eleven research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat, Oracle presently has a consensus rating of “Moderate Buy” and a consensus target price of $169.52.

Insider Activity

In related news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 42,889 shares in the company, valued at approximately $7,076,685. This represents a 12.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 42.20% of the company’s stock.

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.