Oracle Co. (NYSE:ORCL) Shares Sold by Aberdeen Wealth Management LLC

Aberdeen Wealth Management LLC lessened its holdings in shares of Oracle Co. (NYSE:ORCL) by 8.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 3,320 shares of the enterprise software provider’s stock after selling 325 shares during the period. Aberdeen Wealth Management LLC’s holdings in Oracle were worth $566,000 at the end of the most recent reporting period.

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

Insider Buying and Selling at Oracle

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

Analysts Set New Price Targets

Several analysts have issued reports on the company. JPMorgan Chase & Co. upped their target price on Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Bank of America upped their price objective on shares of Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Evercore ISI lifted their target price on shares of Oracle from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. UBS Group reissued a “market outperform” rating on shares of Oracle in a research note on Friday, October 18th. Finally, Mizuho lifted their price target on shares of Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Eleven equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $169.52.

Oracle Stock Up 1.1 %

Oracle stock opened at $185.75 on Tuesday. The firm has a market capitalization of $514.72 billion, a P/E ratio of 47.87, a P/E/G ratio of 3.39 and a beta of 1.02. The stock’s fifty day simple moving average is $173.06 and its 200-day simple moving average is $147.56. Oracle Co. has a twelve month low of $99.26 and a twelve 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 issued its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.06. The company had revenue of $13.31 billion for the quarter, compared to the consensus estimate of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. Oracle’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.95 EPS. As a group, equities analysts expect that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.86%. The ex-dividend date was Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is presently 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.