MN Wealth Advisors LLC Sells 121 Shares of Oracle Co. (NYSE:ORCL)

MN Wealth Advisors LLC trimmed its holdings in shares of Oracle Co. (NYSE:ORCL) by 6.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,759 shares of the enterprise software provider’s stock after selling 121 shares during the quarter. MN Wealth Advisors LLC’s holdings in Oracle were worth $300,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its stake 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. Capital World Investors grew its stake in Oracle by 0.4% during the first quarter. Capital World Investors now owns 18,466,713 shares of the enterprise software provider’s stock worth $2,319,604,000 after buying an additional 82,551 shares in the last quarter. Legal & General Group Plc grew its stake in Oracle by 2.3% during the second quarter. Legal & General Group Plc now owns 13,242,340 shares of the enterprise software provider’s stock worth $1,869,816,000 after buying an additional 296,866 shares in the last quarter. Janus Henderson Group PLC grew its stake in Oracle by 148.8% during the first quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock worth $1,616,855,000 after buying an additional 7,699,141 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Oracle by 6.2% during the second quarter. Dimensional Fund Advisors LP now owns 7,318,962 shares of the enterprise software provider’s stock worth $1,033,430,000 after buying an additional 424,500 shares in the last quarter. 42.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ORCL shares. TD Cowen increased their price objective on shares of Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Melius Research upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. Evercore ISI increased their price objective on shares of Oracle from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Oppenheimer restated a “market perform” rating on shares of Oracle in a research note on Tuesday, September 10th. Finally, Guggenheim raised 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, September 13th. Ten analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, Oracle has a consensus rating of “Moderate Buy” and an average target price of $167.42.

Oracle Stock Down 1.1 %

Oracle stock opened at $174.10 on Wednesday. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $178.61. The firm has a 50 day moving average price of $153.52 and a two-hundred day moving average price of $137.62. The firm has a market cap of $479.80 billion, a price-to-earnings ratio of 46.93, a PEG ratio of 3.29 and a beta of 1.01.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. During the same quarter last year, the business earned $0.95 EPS. The company’s revenue was up 6.9% compared to the same quarter last year. Equities analysts predict that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.92%. Oracle’s payout ratio is 43.13%.

Insider Activity

In other news, Director Leon E. Panetta sold 15,000 shares of Oracle stock in a transaction on 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 sale, the director now owns 58,090 shares in the company, valued at $8,010,030.10. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, EVP Maria Smith sold 6,320 shares of Oracle 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 sale, the executive vice president now owns 42,889 shares in the company, valued at $7,076,685. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Leon E. Panetta sold 15,000 shares of Oracle stock in a transaction 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 owns 58,090 shares of the company’s stock, valued at $8,010,030.10. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 42.80% of the stock is currently owned by company insiders.

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.