Gladstone Institutional Advisory LLC Lowers Stake in Oracle Co. (NYSE:ORCL)

Gladstone Institutional Advisory LLC decreased its position in Oracle Co. (NYSE:ORCL) by 23.7% during the third quarter, Holdings Channel reports. The firm owned 27,453 shares of the enterprise software provider’s stock after selling 8,522 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in Oracle were worth $4,678,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Fairway Wealth LLC acquired a new position in Oracle during the 2nd quarter worth about $27,000. POM Investment Strategies LLC purchased a new position in shares of Oracle in the second quarter valued at approximately $30,000. Bbjs Financial Advisors LLC acquired a new position in shares of Oracle in the second quarter valued at approximately $35,000. Koesten Hirschmann & Crabtree INC. acquired a new stake in Oracle during the 1st quarter worth approximately $38,000. Finally, Quest Partners LLC acquired a new stake in Oracle during the 2nd quarter worth approximately $40,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction that occurred 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 owns 42,889 shares of the company’s stock, valued at $7,076,685. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 42.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. UBS Group reiterated a “market outperform” rating on shares of Oracle in a research note on Friday, October 18th. JMP Securities raised their target price on shares of Oracle from $175.00 to $205.00 and gave the company a “market outperform” rating in a report on Friday, October 18th. BMO Capital Markets boosted their price target on shares of Oracle from $160.00 to $173.00 and gave the stock a “market perform” rating in a report on Tuesday, September 10th. DA Davidson raised their price objective on shares of Oracle from $105.00 to $140.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Finally, TD Cowen increased their target price on Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Twelve analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $168.52.

Oracle Price Performance

Shares of ORCL traded up $4.02 during trading hours on Friday, reaching $171.86. The company had a trading volume of 2,046,245 shares, compared to its average volume of 8,285,419. The company has a market capitalization of $476.23 billion, a price-to-earnings ratio of 44.05, a PEG ratio of 3.22 and a beta of 1.01. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $178.61. The firm has a 50 day simple moving average of $162.81 and a 200-day simple moving average of $141.58. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68.

Oracle (NYSE:ORCL) last posted its earnings results 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 return on equity of 171.38% and a net margin of 20.40%. The company had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. During the same quarter in the prior year, the company earned $0.95 earnings per share. Oracle’s revenue was up 6.9% compared to the same quarter last year. Research analysts expect that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were given a $0.40 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.93%. Oracle’s dividend payout ratio is currently 41.24%.

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.