Boston Family Office LLC Sells 250 Shares of Oracle Co. (NYSE:ORCL)

Boston Family Office LLC trimmed its holdings in shares of Oracle Co. (NYSE:ORCL) by 1.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,509 shares of the enterprise software provider’s stock after selling 250 shares during the quarter. Boston Family Office LLC’s holdings in Oracle were worth $2,472,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Blue Whale Capital LLP boosted its stake in Oracle by 825.7% in the third quarter. Blue Whale Capital LLP now owns 251,842 shares of the enterprise software provider’s stock valued at $42,914,000 after acquiring an additional 224,636 shares during the last quarter. DRW Securities LLC lifted its stake in Oracle by 101.3% in the third quarter. DRW Securities LLC now owns 4,669 shares of the enterprise software provider’s stock valued at $796,000 after purchasing an additional 353,560 shares during the last quarter. Harvest Fund Management Co. Ltd grew its holdings in Oracle by 119.5% during the third quarter. Harvest Fund Management Co. Ltd now owns 34,543 shares of the enterprise software provider’s stock valued at $5,885,000 after purchasing an additional 18,803 shares during the period. Bank of Hawaii purchased a new stake in Oracle in the third quarter worth $200,000. Finally, Fisher Asset Management LLC raised its stake in shares of Oracle by 1.8% in the third quarter. Fisher Asset Management LLC now owns 17,898,029 shares of the enterprise software provider’s stock valued at $3,049,824,000 after buying an additional 310,709 shares during the period. 42.44% of the stock is currently owned by institutional investors.

Oracle Trading Down 0.1 %

NYSE:ORCL opened at $192.29 on Monday. The firm has a market capitalization of $532.85 billion, a P/E ratio of 49.56, a P/E/G ratio of 3.54 and a beta of 1.02. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $196.04. 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 company has a fifty day moving average of $175.62 and a 200 day moving average of $149.64.

Oracle (NYSE:ORCL) last released its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. The company had revenue of $13.31 billion for the quarter, compared to analysts’ expectations of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The firm’s revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.95 EPS. On average, research analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ORCL. UBS Group reissued a “market outperform” rating on shares of Oracle in a report on Friday, October 18th. Oppenheimer reiterated a “market perform” rating on shares of Oracle in a research note on Tuesday, September 10th. StockNews.com raised shares of Oracle from a “hold” rating to a “buy” rating in a research report on Wednesday, November 20th. Guggenheim lifted their price objective on shares of Oracle from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, September 13th. Finally, DA Davidson increased their target price on Oracle from $105.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. Eleven analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $169.52.

Insider Buying and Selling

In other Oracle news, EVP Maria Smith sold 6,320 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the sale, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at $7,076,685. This trade represents a 12.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 42.20% of the stock is owned by insiders.

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.