Oracle Co. (NYSE:ORCL) Shares Sold by Bahl & Gaynor Inc.

Bahl & Gaynor Inc. reduced its position in Oracle Co. (NYSE:ORCL) by 0.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,472 shares of the enterprise software provider’s stock after selling 253 shares during the quarter. Bahl & Gaynor Inc.’s holdings in Oracle were worth $3,828,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Davis R M Inc. grew its position in shares of Oracle by 2.1% during the first quarter. Davis R M Inc. now owns 19,978 shares of the enterprise software provider’s stock worth $2,509,000 after buying an additional 411 shares in the last quarter. Covestor Ltd boosted its holdings in Oracle by 35.3% in the first quarter. Covestor Ltd now owns 1,329 shares of the enterprise software provider’s stock valued at $167,000 after purchasing an additional 347 shares in the last quarter. Elevatus Welath Management boosted its holdings in Oracle by 3.7% in the first quarter. Elevatus Welath Management now owns 5,235 shares of the enterprise software provider’s stock valued at $658,000 after purchasing an additional 187 shares in the last quarter. Peak Asset Management LLC boosted its holdings in Oracle by 0.9% in the first quarter. Peak Asset Management LLC now owns 126,400 shares of the enterprise software provider’s stock valued at $15,877,000 after purchasing an additional 1,101 shares in the last quarter. Finally, Cynosure Group LLC purchased a new stake in Oracle in the first quarter valued at approximately $396,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Oracle

In other news, 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 completion of the transaction, the director now owns 58,090 shares in the company, valued at approximately $8,010,030.10. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, 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 completion of the transaction, the director now owns 58,090 shares in the company, valued at approximately $8,010,030.10. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Edward Screven sold 235,918 shares of Oracle 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 completion of the transaction, the insider now owns 2,626,764 shares of the company’s stock, valued at approximately $379,042,045.20. The disclosure for this sale can be found here. Insiders sold a total of 1,952,500 shares of company stock worth $277,298,174 in the last 90 days. 42.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ORCL shares. JMP Securities reiterated a “market perform” rating on shares of Oracle in a research note on Tuesday, June 11th. JPMorgan Chase & Co. increased their price objective on Oracle from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, June 12th. Oppenheimer initiated coverage on Oracle in a research note on Thursday, April 18th. They set a “market perform” rating on the stock. UBS Group increased their price objective on Oracle from $150.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $150.00 price objective on shares of Oracle in a research note on Friday, July 12th. Fourteen investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $145.83.

Oracle Stock Up 1.7 %

NYSE ORCL traded up $2.36 during mid-day trading on Tuesday, reaching $142.53. 2,889,729 shares of the company’s stock traded hands, compared to its average volume of 8,503,297. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $146.59. The company has a fifty day simple moving average of $133.65 and a 200-day simple moving average of $122.42. The company has a current ratio of 0.71, a quick ratio of 0.72 and a debt-to-equity ratio of 8.25. The company has a market cap of $392.79 billion, a price-to-earnings ratio of 38.26, a P/E/G ratio of 2.51 and a beta of 1.02.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). Oracle had a net margin of 19.76% and a return on equity of 223.01%. The business had revenue of $14.29 billion for the quarter, compared to analyst estimates of $14.57 billion. During the same quarter last year, the business earned $1.35 EPS. Oracle’s revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, equities research analysts expect that Oracle Co. will post 5.02 EPS for the current year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $1.60 dividend on an annualized basis and a yield of 1.12%. Oracle’s dividend payout ratio (DPR) is presently 43.13%.

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.