Oracle Co. (NYSE:ORCL) Shares Sold by RAM Investment Partners LLC

RAM Investment Partners LLC decreased its holdings in Oracle Co. (NYSE:ORCL) by 9.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,826 shares of the enterprise software provider’s stock after selling 625 shares during the quarter. RAM Investment Partners LLC’s holdings in Oracle were worth $823,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of ORCL. Westend Capital Management LLC purchased a new position in Oracle during the 1st quarter valued at about $25,000. POM Investment Strategies LLC acquired a new stake in shares of Oracle during the 2nd quarter valued at approximately $30,000. Bbjs Financial Advisors LLC acquired a new stake in Oracle in the second quarter worth $35,000. Tidemark LLC bought a new stake in Oracle during the 4th quarter valued at $29,000. Finally, Frank Rimerman Advisors LLC acquired a new stake in Oracle in the fourth quarter worth about $30,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Stock Performance

ORCL traded up $1.89 during midday trading on Friday, reaching $141.31. The company had a trading volume of 7,979,860 shares, compared to its average volume of 8,052,333. The company has a debt-to-equity ratio of 8.25, a quick ratio of 0.72 and a current ratio of 0.71. The stock has a market cap of $389.43 billion, a PE ratio of 38.09, a P/E/G ratio of 2.49 and a beta of 1.02. The business has a 50-day moving average price of $138.57 and a two-hundred day moving average price of $127.17. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $146.59.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.02). Oracle had a net margin of 19.76% and a return on equity of 223.01%. The firm had revenue of $14.29 billion during the quarter, compared to the consensus estimate of $14.57 billion. During the same period in the previous year, the business earned $1.35 earnings per share. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, sell-side analysts expect that Oracle Co. will post 5.02 earnings per share for the current fiscal year.

Oracle Announces Dividend

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

Insider Activity at Oracle

In related news, Director Leon E. Panetta sold 15,000 shares of Oracle stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $137.89, for a total value 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 document filed with the SEC, which is accessible through this hyperlink. In other Oracle news, insider Edward Screven sold 235,918 shares of Oracle stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $144.30, for a total value of $34,042,967.40. Following the completion of the sale, the insider now owns 2,626,764 shares of the company’s stock, valued at approximately $379,042,045.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Leon E. Panetta sold 15,000 shares of the company’s 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 directly owns 58,090 shares of the company’s stock, valued at $8,010,030.10. The disclosure for this sale can be found here. Insiders sold 1,862,500 shares of company stock worth $266,776,624 in the last three months. 42.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ORCL. Stifel Nicolaus lifted their target price on Oracle from $120.00 to $135.00 and gave the stock a “hold” rating in a report on Wednesday, June 12th. Evercore ISI boosted their price target on Oracle from $145.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. BMO Capital Markets boosted their price target on Oracle from $142.00 to $160.00 and gave the stock a “market perform” rating in a research report on Monday, June 17th. JPMorgan Chase & Co. upped their price objective on shares of Oracle from $105.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, June 12th. Finally, StockNews.com lowered shares of Oracle from a “buy” rating to a “hold” rating in a research report on Thursday, June 6th. Fourteen equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and an average target price of $145.83.

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.