Tacita Capital Inc Decreases Stock Position in Oracle Co. (NYSE:ORCL)

Tacita Capital Inc cut its stake in Oracle Co. (NYSE:ORCL) by 10.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,370 shares of the enterprise software provider’s stock after selling 160 shares during the period. Tacita Capital Inc’s holdings in Oracle were worth $233,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Avantax Advisory Services Inc. grew its position in shares of Oracle by 49.9% during the first quarter. Avantax Advisory Services Inc. now owns 56,246 shares of the enterprise software provider’s stock worth $7,065,000 after acquiring an additional 18,727 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Oracle by 0.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 350,012 shares of the enterprise software provider’s stock worth $43,965,000 after acquiring an additional 2,077 shares during the last quarter. Cantillon Capital Management LLC bought a new position in shares of Oracle during the first quarter worth about $124,097,000. Great Diamond Partners LLC grew its position in shares of Oracle by 3.5% during the first quarter. Great Diamond Partners LLC now owns 28,153 shares of the enterprise software provider’s stock worth $3,536,000 after acquiring an additional 949 shares during the last quarter. Finally, MAI Capital Management grew its position in Oracle by 36.1% in the 1st quarter. MAI Capital Management now owns 193,164 shares of the enterprise software provider’s stock valued at $24,263,000 after buying an additional 51,220 shares in the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on ORCL. Bank of America increased their target price on shares of Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. Royal Bank of Canada started coverage on shares of Oracle in a report on Wednesday, October 23rd. They set a “sector perform” rating and a $165.00 price target on the stock. Melius upgraded shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 price objective on the stock in a research note on Monday, September 16th. DA Davidson upped their price objective on shares of Oracle from $105.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. Finally, JMP Securities increased their price target on shares of Oracle from $175.00 to $205.00 and gave the stock a “market outperform” rating in a research note on Friday, October 18th. Eleven research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $168.52.

Insiders Place Their Bets

In other news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at $7,076,685. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 42.20% of the company’s stock.

Oracle Trading Up 0.1 %

Oracle stock traded up $0.21 during midday trading on Monday, hitting $189.46. 1,395,517 shares of the stock were exchanged, compared to its average volume of 8,253,047. The company has a fifty day simple moving average of $167.47 and a two-hundred day simple moving average of $144.51. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $191.36. The stock has a market capitalization of $525.01 billion, a PE ratio of 48.78, a P/E/G ratio of 3.49 and a beta of 1.02. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68.

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

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.84%. Oracle’s dividend payout ratio is 41.24%.

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.