Sweet Financial Partners LLC Sells 65 Shares of Oracle Co. (NYSE:ORCL)

Sweet Financial Partners LLC lowered its holdings in Oracle Co. (NYSE:ORCL) by 1.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,919 shares of the enterprise software provider’s stock after selling 65 shares during the quarter. Sweet Financial Partners LLC’s holdings in Oracle were worth $838,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of ORCL. Massmutual Trust Co. FSB ADV boosted its position in shares of Oracle by 76.4% during the first quarter. Massmutual Trust Co. FSB ADV now owns 12,838 shares of the enterprise software provider’s stock valued at $1,613,000 after buying an additional 5,560 shares during the last quarter. Alaska Permanent Fund Corp bought a new position in Oracle during the 1st quarter valued at $36,000. Park Avenue Securities LLC boosted its holdings in Oracle by 2.5% during the 1st quarter. Park Avenue Securities LLC now owns 22,071 shares of the enterprise software provider’s stock worth $2,772,000 after acquiring an additional 548 shares during the last quarter. Aprio Wealth Management LLC bought a new stake in shares of Oracle in the 1st quarter worth $278,000. Finally, BTC Capital Management Inc. purchased a new stake in shares of Oracle in the first quarter valued at about $835,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Buying and Selling

In other Oracle news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the transaction, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at $7,076,685. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 42.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. UBS Group upped their price objective on shares of Oracle from $160.00 to $175.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. JMP Securities raised Oracle from a “market perform” rating to an “outperform” rating and set a $175.00 price target for the company in a research report on Tuesday, September 10th. DA Davidson lifted their price target on Oracle from $105.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. Stifel Nicolaus upped their price objective on Oracle from $135.00 to $155.00 and gave the company a “hold” rating in a research note on Tuesday, September 10th. Finally, Citigroup lifted their target price on Oracle from $140.00 to $157.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 11th. Ten analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $167.42.

Oracle Price Performance

Oracle stock opened at $175.63 on Friday. The firm has a market capitalization of $484.01 billion, a P/E ratio of 47.34, a PEG ratio of 3.29 and a beta of 1.01. Oracle Co. has a one year low of $99.26 and a one year high of $178.61. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. The business has a fifty day moving average price of $155.43 and a 200-day moving average price of $138.15.

Oracle (NYSE:ORCL) last issued its 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 business had revenue of $13.31 billion during 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%. The firm’s revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.95 EPS. As a group, equities research analysts forecast that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

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

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.