GSA Capital Partners LLP Sells 144 Shares of Oracle Co. (NYSE:ORCL)

GSA Capital Partners LLP trimmed its stake in shares of Oracle Co. (NYSE:ORCL) by 1.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,612 shares of the enterprise software provider’s stock after selling 144 shares during the quarter. GSA Capital Partners LLP’s holdings in Oracle were worth $1,297,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ORCL. Fairway Wealth LLC bought a new stake in shares of Oracle during the 2nd quarter valued at $27,000. POM Investment Strategies LLC bought a new stake in shares of Oracle during the 2nd quarter valued at $30,000. Bbjs Financial Advisors LLC bought a new stake in shares of Oracle during the 2nd quarter valued at $35,000. Koesten Hirschmann & Crabtree INC. bought a new stake in shares of Oracle during the 1st quarter valued at $38,000. Finally, Quest Partners LLC bought a new stake in shares of Oracle during the 2nd quarter valued at $40,000. 42.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction 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 sale, the executive vice president now owns 42,889 shares of the company’s stock, valued at $7,076,685. The trade was a 12.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 42.20% of the stock is currently owned by corporate insiders.

Oracle Stock Down 1.3 %

Oracle stock opened at $187.08 on Friday. The firm has a market cap of $518.41 billion, a price-to-earnings ratio of 48.22, a PEG ratio of 3.49 and a beta of 1.02. The stock has a fifty day simple moving average of $170.41 and a two-hundred day simple moving average of $145.85. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $191.77. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68.

Oracle (NYSE:ORCL) last posted its 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. The business had revenue of $13.31 billion during the quarter, compared to analyst estimates 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 quarter last year, the company earned $0.95 EPS. Equities analysts predict 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 issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle’s payout ratio is currently 41.24%.

Wall Street Analyst Weigh In

Several research firms recently commented on ORCL. Melius Research upgraded Oracle from a “hold” rating to a “buy” rating in a research report on Monday, September 16th. JMP Securities boosted their target price on Oracle from $175.00 to $205.00 and gave the stock a “market outperform” rating in a research report on Friday, October 18th. Morgan Stanley boosted their target price on Oracle from $125.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 10th. JPMorgan Chase & Co. boosted their target price on Oracle from $110.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Finally, Evercore ISI boosted their target price on Oracle from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Eleven research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.