Oracle Co. (NYSE:ORCL) Shares Sold by Fortitude Family Office LLC

Fortitude Family Office LLC cut its holdings in shares of Oracle Co. (NYSE:ORCLFree Report) by 35.1% during the first quarter, Holdings Channel.com reports. The fund owned 416 shares of the enterprise software provider’s stock after selling 225 shares during the period. Fortitude Family Office LLC’s holdings in Oracle were worth $52,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of ORCL. Invst LLC grew its holdings in shares of Oracle by 2.7% during the fourth quarter. Invst LLC now owns 3,299 shares of the enterprise software provider’s stock worth $380,000 after buying an additional 86 shares during the last quarter. Nemes Rush Group LLC grew its stake in shares of Oracle by 1.2% in the 4th quarter. Nemes Rush Group LLC now owns 7,334 shares of the enterprise software provider’s stock valued at $773,000 after purchasing an additional 86 shares during the last quarter. Avidian Wealth Solutions LLC increased its holdings in shares of Oracle by 1.1% in the fourth quarter. Avidian Wealth Solutions LLC now owns 8,516 shares of the enterprise software provider’s stock valued at $898,000 after purchasing an additional 90 shares during the period. Sovereign Financial Group Inc. raised its stake in shares of Oracle by 2.9% during the fourth quarter. Sovereign Financial Group Inc. now owns 3,244 shares of the enterprise software provider’s stock worth $342,000 after purchasing an additional 90 shares during the last quarter. Finally, Godshalk Welsh Capital Management Inc. grew its position in Oracle by 0.3% in the 4th quarter. Godshalk Welsh Capital Management Inc. now owns 33,435 shares of the enterprise software provider’s stock valued at $3,525,000 after buying an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Price Performance

Shares of NYSE:ORCL traded down $1.41 on Friday, hitting $141.50. The company had a trading volume of 14,930,875 shares, compared to its average volume of 10,410,959. The company has a current ratio of 0.71, a quick ratio of 0.85 and a debt-to-equity ratio of 8.25. The company has a market cap of $388.91 billion, a PE ratio of 38.14, a PEG ratio of 2.59 and a beta of 1.01. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $145.32. The business has a 50 day moving average of $123.07 and a 200 day moving average of $117.06.

Oracle (NYSE:ORCLGet Free Report) last released its earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). The firm had revenue of $14.29 billion during the quarter, compared to analysts’ expectations of $14.57 billion. Oracle had a net margin of 19.76% and a return on equity of 223.01%. Oracle’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter last year, the company posted $1.35 earnings per share. As a group, equities analysts anticipate that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th will be paid a $0.40 dividend. The ex-dividend date is Thursday, July 11th. This represents a $1.60 annualized dividend and a yield of 1.13%. Oracle’s payout ratio is currently 43.13%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on ORCL shares. TD Cowen upped their price objective on shares of Oracle from $145.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, June 12th. Oppenheimer began coverage on shares of Oracle in a research report on Thursday, April 18th. They issued a “market perform” rating for the company. The Goldman Sachs Group boosted their target price on Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 13th. JPMorgan Chase & Co. raised their price target on Oracle from $105.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, June 12th. Finally, UBS Group upped their price objective on Oracle from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, June 12th. Fourteen investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $144.79.

Read Our Latest Report on ORCL

Insider Buying and Selling at Oracle

In other news, CEO Safra Catz sold 790,000 shares of Oracle stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total value of $99,966,600.00. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $141,546,631.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director George H. Conrades sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $116.00, for a total transaction of $2,320,000.00. Following the completion of the transaction, the director now owns 17,836 shares of the company’s stock, valued at $2,068,976. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Safra Catz sold 790,000 shares of Oracle stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The disclosure for this sale can be found here. In the last three months, insiders sold 880,000 shares of company stock worth $110,488,150. Insiders own 42.80% of the company’s stock.

About Oracle

(Free Report)

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.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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