Oracle Co. (NYSE:ORCL) Shares Sold by Roof Eidam Maycock Peralta LLC

Roof Eidam Maycock Peralta LLC lowered its position in Oracle Co. (NYSE:ORCL) by 6.4% in the second quarter, HoldingsChannel reports. The fund owned 4,367 shares of the enterprise software provider’s stock after selling 300 shares during the quarter. Roof Eidam Maycock Peralta LLC’s holdings in Oracle were worth $617,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of ORCL. Westend Capital Management LLC purchased a new position in Oracle during the first quarter valued at $25,000. Tidemark LLC acquired a new stake in Oracle in the 4th quarter worth about $29,000. Nordwand Advisors LLC acquired a new position in shares of Oracle during the fourth quarter valued at approximately $30,000. Frank Rimerman Advisors LLC purchased a new position in shares of Oracle in the fourth quarter valued at approximately $30,000. Finally, POM Investment Strategies LLC purchased a new position in shares of Oracle in the second quarter valued at approximately $30,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ORCL has been the topic of a number of research reports. JPMorgan Chase & Co. raised their price objective on Oracle from $105.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, June 12th. Morgan Stanley restated an “equal weight” rating and set a $125.00 price target on shares of Oracle in a research report on Tuesday, June 25th. TD Cowen upped their price objective on shares of Oracle from $145.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Oracle from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, June 17th. Finally, Sanford C. Bernstein upped their price target on Oracle from $159.00 to $171.00 and gave the company an “outperform” rating in a research report on Wednesday, June 12th. Fourteen research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $145.87.

Insider Buying and Selling

In related news, insider Edward Screven sold 235,918 shares of the business’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the completion of the transaction, the insider now owns 2,626,764 shares in the company, valued at $379,042,045.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Edward Screven sold 235,918 shares of the business’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 transaction 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Leon E. Panetta sold 15,000 shares of the stock in a transaction that occurred 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 transaction, the director now owns 58,090 shares in the company, valued at $8,010,030.10. The disclosure for this sale can be found here. Insiders sold 1,862,500 shares of company stock worth $266,776,624 over the last 90 days. 42.80% of the stock is owned by insiders.

Oracle Price Performance

Oracle stock opened at $142.45 on Monday. The company’s 50 day moving average is $138.72 and its two-hundred day moving average is $128.62. The firm has a market cap of $392.57 billion, a PE ratio of 38.22, a price-to-earnings-growth ratio of 2.56 and a beta of 1.01. The company has a quick ratio of 0.72, a current ratio of 0.71 and a debt-to-equity ratio of 8.25. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $146.59.

Oracle (NYSE:ORCL) last released its earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share (EPS) 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 company had revenue of $14.29 billion during the quarter, compared to analysts’ expectations of $14.57 billion. During the same quarter last year, the business posted $1.35 earnings per share. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, research analysts expect that Oracle Co. will post 5.02 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Thursday, July 11th were issued a $0.40 dividend. The ex-dividend date of this dividend was Thursday, July 11th. This represents a $1.60 annualized dividend and a yield of 1.12%. Oracle’s dividend payout ratio (DPR) is 43.13%.

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.