Oracle Co. (NYSE:ORCL) Shares Sold by Zhang Financial LLC

Zhang Financial LLC cut its holdings in Oracle Co. (NYSE:ORCL) by 1.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,310 shares of the enterprise software provider’s stock after selling 71 shares during the quarter. Zhang Financial LLC’s holdings in Oracle were worth $1,075,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Janus Henderson Group PLC boosted its holdings in shares of Oracle by 148.8% in 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 in the last quarter. PineStone Asset Management Inc. boosted its holdings in Oracle by 131.2% during the second quarter. PineStone Asset Management Inc. now owns 3,911,201 shares of the enterprise software provider’s stock worth $552,262,000 after buying an additional 2,219,450 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Oracle by 97.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,242,647 shares of the enterprise software provider’s stock worth $532,920,000 after buying an additional 2,093,893 shares in the last quarter. Altshuler Shaham Ltd boosted its holdings in Oracle by 5,853.1% during the second quarter. Altshuler Shaham Ltd now owns 1,552,580 shares of the enterprise software provider’s stock worth $219,224,000 after buying an additional 1,526,500 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings 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 worth $18,993,977,000 after buying an additional 1,514,569 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on ORCL shares. Barclays upped their price target on shares of Oracle from $160.00 to $172.00 and gave the company an “overweight” rating in a report on Tuesday, September 10th. Guggenheim boosted their price objective on shares of Oracle from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, September 13th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Oracle from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, June 17th. KeyCorp boosted their price objective on shares of Oracle from $165.00 to $175.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. Finally, DA Davidson boosted their price objective on shares of Oracle from $105.00 to $140.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. Ten investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $167.42.

Oracle Price Performance

Oracle stock traded down $1.12 during trading hours on Tuesday, hitting $175.00. 3,187,120 shares of the company traded hands, compared to its average volume of 8,489,562. The firm has a market cap of $482.28 billion, a P/E ratio of 47.04, a P/E/G ratio of 3.29 and a beta of 1.01. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The firm’s 50-day simple moving average is $152.60 and its two-hundred day simple moving average is $137.28. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $178.61.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.06. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The company had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. During the same quarter last year, the firm posted $0.95 EPS. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. As a group, analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.91%. The ex-dividend date is Thursday, October 10th. Oracle’s payout ratio is 43.13%.

Insiders Place Their Bets

In other Oracle news, Director Leon E. Panetta sold 15,000 shares of the firm’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $137.89, for a total value of $2,068,350.00. Following the completion of the transaction, the director now directly owns 58,090 shares in the company, valued at $8,010,030.10. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, Director Leon E. Panetta sold 15,000 shares of the firm’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 completion of the sale, the director now directly owns 58,090 shares in the company, valued at approximately $8,010,030.10. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 42.80% 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.