Oracle Co. (NYSE:ORCL) Shares Sold by 180 Wealth Advisors LLC

180 Wealth Advisors LLC cut its holdings in shares of Oracle Co. (NYSE:ORCL) by 6.0% during the second quarter, HoldingsChannel.com reports. The fund owned 7,787 shares of the enterprise software provider’s stock after selling 497 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Oracle were worth $912,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Carolinas Wealth Consulting LLC lifted its holdings in Oracle by 0.7% during the 1st quarter. Carolinas Wealth Consulting LLC now owns 14,912 shares of the enterprise software provider’s stock worth $104,000 after buying an additional 102 shares in the last quarter. Princeton Global Asset Management LLC lifted its stake in shares of Oracle by 0.7% during the first quarter. Princeton Global Asset Management LLC now owns 16,171 shares of the enterprise software provider’s stock valued at $1,503,000 after acquiring an additional 106 shares during the period. McAdam LLC boosted its holdings in Oracle by 1.9% in the first quarter. McAdam LLC now owns 5,821 shares of the enterprise software provider’s stock valued at $541,000 after acquiring an additional 107 shares during the last quarter. Quent Capital LLC increased its position in Oracle by 1.5% in the second quarter. Quent Capital LLC now owns 7,358 shares of the enterprise software provider’s stock worth $876,000 after purchasing an additional 107 shares during the period. Finally, Pinnacle Wealth Management Advisory Group LLC raised its holdings in Oracle by 1.0% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 10,931 shares of the enterprise software provider’s stock worth $1,016,000 after purchasing an additional 109 shares during the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Oracle news, Director Michael J. Boskin sold 90,000 shares of the stock in a transaction on Friday, June 23rd. The stock was sold at an average price of $118.83, for a total transaction of $10,694,700.00. Following the completion of the transaction, the director now directly owns 87,473 shares of the company’s stock, valued at $10,394,416.59. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Maria Smith sold 3,680 shares of the firm’s stock in a transaction that occurred on Friday, July 7th. The shares were sold at an average price of $115.00, for a total value of $423,200.00. Following the completion of the transaction, the executive vice president now directly owns 16,600 shares of the company’s stock, valued at approximately $1,909,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Michael J. Boskin sold 90,000 shares of the firm’s stock in a transaction on Friday, June 23rd. The stock was sold at an average price of $118.83, for a total value of $10,694,700.00. Following the completion of the transaction, the director now directly owns 87,473 shares of the company’s stock, valued at $10,394,416.59. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,845,000 shares of company stock valued at $222,934,550. 43.70% of the stock is owned by company insiders.

Oracle Price Performance

ORCL stock opened at $112.22 on Tuesday. The company’s fifty day simple moving average is $117.28 and its 200 day simple moving average is $106.40. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 29.72. Oracle Co. has a 12-month low of $60.78 and a 12-month high of $127.54. The firm has a market cap of $307.46 billion, a price-to-earnings ratio of 33.40, a PEG ratio of 2.98 and a beta of 1.00.

Oracle (NYSE:ORCL) last released its earnings results on Monday, September 11th. The enterprise software provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. The company had revenue of $12.45 billion for the quarter, compared to analysts’ expectations of $12.48 billion. Oracle had a negative return on equity of 470.73% and a net margin of 18.40%. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.81 EPS. On average, analysts expect that Oracle Co. will post 4.49 earnings per share for the current year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 26th. Stockholders of record on Thursday, October 12th will be paid a dividend of $0.40 per share. The ex-dividend date is Wednesday, October 11th. This represents a $1.60 annualized dividend and a dividend yield of 1.43%. Oracle’s payout ratio is currently 47.62%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on ORCL shares. Stifel Nicolaus lifted their price target on shares of Oracle from $84.00 to $120.00 in a research report on Tuesday, June 13th. DA Davidson dropped their target price on shares of Oracle from $115.00 to $104.00 and set a “neutral” rating for the company in a research report on Tuesday, September 12th. JPMorgan Chase & Co. lowered Oracle from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $112.00 to $100.00 in a research report on Wednesday, September 13th. Wolfe Research upped their price objective on Oracle from $130.00 to $140.00 in a report on Tuesday, June 13th. Finally, Piper Sandler restated an “overweight” rating and set a $130.00 target price on shares of Oracle in a report on Tuesday, September 12th. Twelve research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and a consensus target price of $123.06.

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.