Headinvest LLC Reduces Holdings in Oracle Co. (NYSE:ORCL)

Headinvest LLC lessened its position in shares of Oracle Co. (NYSE:ORCL) by 2.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 49,871 shares of the enterprise software provider’s stock after selling 1,180 shares during the quarter. Oracle comprises approximately 1.6% of Headinvest LLC’s portfolio, making the stock its 17th largest position. Headinvest LLC’s holdings in Oracle were worth $8,498,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Northeast Financial Consultants Inc raised its holdings in Oracle by 1.6% in the 3rd quarter. Northeast Financial Consultants Inc now owns 4,888 shares of the enterprise software provider’s stock valued at $833,000 after buying an additional 79 shares during the period. Dunhill Financial LLC increased its position in shares of Oracle by 37.4% during the third quarter. Dunhill Financial LLC now owns 584 shares of the enterprise software provider’s stock valued at $100,000 after acquiring an additional 159 shares during the last quarter. Orion Portfolio Solutions LLC raised its stake in shares of Oracle by 16.5% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 161,436 shares of the enterprise software provider’s stock valued at $27,509,000 after acquiring an additional 22,838 shares during the period. XTX Topco Ltd acquired a new position in shares of Oracle in the 3rd quarter worth approximately $215,000. Finally, Zacks Investment Management boosted its position in shares of Oracle by 28.9% during the 3rd quarter. Zacks Investment Management now owns 629,532 shares of the enterprise software provider’s stock worth $107,272,000 after purchasing an additional 141,282 shares during the period. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Stock Up 2.9 %

Shares of NYSE:ORCL opened at $191.69 on Friday. The firm has a 50 day simple moving average of $179.36 and a 200-day simple moving average of $153.99. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $196.04. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. The company has a market capitalization of $531.18 billion, a PE ratio of 49.40, a P/E/G ratio of 3.43 and a beta of 1.03.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS 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 analyst estimates of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.95 earnings per share. On average, equities analysts predict that Oracle Co. will post 5.06 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle’s dividend payout ratio is presently 41.24%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on ORCL shares. Melius Research raised Oracle from a “hold” rating to a “buy” rating in a research report on Monday, September 16th. BMO Capital Markets boosted their price objective on Oracle from $160.00 to $173.00 and gave the company a “market perform” rating in a report on Tuesday, September 10th. Morgan Stanley raised their target price on Oracle from $125.00 to $145.00 and gave the company an “equal weight” rating in a report on Tuesday, September 10th. DA Davidson boosted their price target on shares of Oracle from $105.00 to $140.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 10th. Finally, Bank of America raised their price objective 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. Eleven investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and a consensus target price of $171.52.

Insider Buying and Selling

In related news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the transaction, the executive vice president now owns 42,889 shares of the company’s stock, valued at $7,076,685. This represents 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. Corporate insiders own 42.20% of the company’s stock.

Oracle 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.