9258 Wealth Management LLC Sells 646 Shares of Oracle Co. (NYSE:ORCL)

9258 Wealth Management LLC decreased its holdings in Oracle Co. (NYSE:ORCL) by 0.7% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 88,238 shares of the enterprise software provider’s stock after selling 646 shares during the period. Oracle accounts for approximately 1.9% of 9258 Wealth Management LLC’s investment portfolio, making the stock its 13th biggest holding. 9258 Wealth Management LLC’s holdings in Oracle were worth $12,459,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in Oracle by 1.0% during the first quarter. Vanguard Group Inc. now owns 151,213,890 shares of the enterprise software provider’s stock valued at $18,993,977,000 after acquiring an additional 1,514,569 shares during the last quarter. Capital World Investors boosted its position in Oracle by 0.4% during the first quarter. Capital World Investors now owns 18,466,713 shares of the enterprise software provider’s stock valued at $2,319,604,000 after acquiring an additional 82,551 shares during the last quarter. Parnassus Investments LLC boosted its position in Oracle by 17.7% during the fourth quarter. Parnassus Investments LLC now owns 14,599,902 shares of the enterprise software provider’s stock valued at $1,539,268,000 after acquiring an additional 2,191,342 shares during the last quarter. Janus Henderson Group PLC boosted its position in Oracle by 148.8% during the first quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock valued at $1,616,855,000 after acquiring an additional 7,699,141 shares during the last quarter. Finally, Putnam Investments LLC boosted its position in Oracle by 6.0% during the fourth quarter. Putnam Investments LLC now owns 12,339,385 shares of the enterprise software provider’s stock valued at $1,300,941,000 after acquiring an additional 697,961 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Performance

Shares of ORCL stock traded up $1.31 during trading hours on Thursday, hitting $142.06. 3,318,197 shares of the company were exchanged, compared to its average volume of 8,006,932. The firm has a fifty day simple moving average of $138.66 and a 200 day simple moving average of $128.02. The company has a current ratio of 0.71, a quick ratio of 0.72 and a debt-to-equity ratio of 8.25. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $146.59. The stock has a market capitalization of $391.50 billion, a price-to-earnings ratio of 38.37, a P/E/G ratio of 2.55 and a beta of 1.01.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.02). Oracle had a return on equity of 223.01% and a net margin of 19.76%. The company had revenue of $14.29 billion for the quarter, compared to analysts’ expectations of $14.57 billion. During the same quarter in the previous year, the business earned $1.35 EPS. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. Research analysts predict that Oracle Co. will post 5.02 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date was Thursday, July 11th. Oracle’s payout ratio is currently 43.13%.

Insider Activity

In other news, insider Edward Screven sold 235,918 shares of the stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $144.30, for a total value of $34,042,967.40. Following the sale, the insider now directly owns 2,626,764 shares of the company’s stock, valued at $379,042,045.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Edward Screven sold 235,918 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the completion of the transaction, the insider now owns 2,626,764 shares of the company’s stock, valued at $379,042,045.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Leon E. Panetta sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the transaction, the director now directly owns 58,090 shares of the company’s stock, valued at approximately $8,010,030.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,862,500 shares of company stock worth $266,776,624. 42.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. BMO Capital Markets upped their price target on shares of Oracle from $142.00 to $160.00 and gave the company a “market perform” rating in a research report on Monday, June 17th. TD Cowen increased their price objective on shares of Oracle from $145.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, June 12th. StockNews.com cut shares of Oracle from a “buy” rating to a “hold” rating in a research report on Thursday, June 6th. Guggenheim reissued a “buy” rating and set a $175.00 price objective on shares of Oracle in a research report on Tuesday, June 25th. Finally, Argus increased their price objective on shares of Oracle from $145.00 to $159.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. Fourteen analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $145.83.

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.