Lmcg Investments LLC Sells 5,062 Shares of Oracle Co. (NYSE:ORCL)

Lmcg Investments LLC lessened its holdings in Oracle Co. (NYSE:ORCL) by 3.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 126,542 shares of the enterprise software provider’s stock after selling 5,062 shares during the quarter. Oracle accounts for approximately 1.0% of Lmcg Investments LLC’s holdings, making the stock its 20th biggest holding. Lmcg Investments LLC’s holdings in Oracle were worth $17,868,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Westend Capital Management LLC bought a new stake in shares of Oracle in the 1st quarter worth about $25,000. POM Investment Strategies LLC acquired a new position in Oracle in the second quarter valued at about $30,000. Bbjs Financial Advisors LLC bought a new stake in Oracle during the second quarter worth about $35,000. Tidemark LLC acquired a new stake in shares of Oracle during the fourth quarter worth approximately $29,000. Finally, Frank Rimerman Advisors LLC acquired a new position in shares of Oracle in the 4th quarter worth approximately $30,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Price Performance

ORCL opened at $170.37 on Tuesday. 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 stock has a market cap of $472.09 billion, a P/E ratio of 45.92, a P/E/G ratio of 2.95 and a beta of 1.01. The company has a fifty day simple moving average of $140.35 and a 200 day simple moving average of $130.57. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $173.99.

Oracle (NYSE:ORCL) last released its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The business had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. During the same quarter last year, the firm earned $0.95 earnings per share. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, research analysts expect that Oracle Co. will post 5.06 EPS for the current year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders 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 0.94%. The ex-dividend date is Thursday, October 10th. Oracle’s payout ratio is presently 43.13%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on ORCL shares. KeyCorp lifted their price objective on Oracle from $165.00 to $175.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. Mizuho lifted their price target on Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. JMP Securities raised shares of Oracle from a “market perform” rating to an “outperform” rating and set a $175.00 price objective on the stock in a report on Tuesday, September 10th. Argus boosted their target price on shares of Oracle from $145.00 to $159.00 and gave the stock a “buy” rating in a research note on Tuesday, June 18th. Finally, Guggenheim increased their price target on shares of Oracle from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Friday. Eleven research 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 has a consensus rating of “Moderate Buy” and an average price target of $163.88.

Insider Activity at Oracle

In other Oracle news, insider Edward Screven sold 235,918 shares of the stock in a transaction on 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 completion of the sale, the insider now owns 2,626,764 shares in the company, valued at $379,042,045.20. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Oracle news, insider Edward Screven sold 235,918 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $144.30, for a total value of $34,042,967.40. Following the sale, the insider now owns 2,626,764 shares in the company, valued at $379,042,045.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Leon E. Panetta sold 15,000 shares of Oracle stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $137.89, for a total value of $2,068,350.00. Following the transaction, the director now owns 58,090 shares of the company’s stock, valued at $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 valued at $266,776,624. 42.80% of the stock is owned by corporate 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.