Oracle Co. (NYSE:ORCL) Shares Sold by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC lowered its position in shares of Oracle Co. (NYSE:ORCL) by 18.5% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 97,990 shares of the enterprise software provider’s stock after selling 22,218 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Oracle were worth $16,697,000 as of its most recent filing with the SEC.

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

Oracle Price Performance

Shares of NYSE:ORCL opened at $190.76 on Thursday. The stock’s 50 day moving average price is $174.39 and its 200 day moving average price is $148.37. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a market cap of $528.61 billion, a price-to-earnings ratio of 49.17, a PEG ratio of 3.48 and a beta of 1.02. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $191.77.

Oracle (NYSE:ORCL) last announced 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 business had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. During the same quarter last year, the business posted $0.95 earnings per share. The company’s quarterly revenue was up 6.9% on a year-over-year basis. Equities research analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were given a $0.40 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.84%. Oracle’s dividend payout ratio (DPR) is 41.24%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Jefferies Financial Group raised their price objective on Oracle from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Monday, September 16th. StockNews.com raised shares of Oracle from a “hold” rating to a “buy” rating in a research report on Wednesday. Oppenheimer restated a “market perform” rating on shares of Oracle in a research note on Tuesday, September 10th. Mizuho boosted their target price on shares of Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Finally, JMP Securities raised their price target on shares of Oracle from $175.00 to $205.00 and gave the stock a “market outperform” rating in a research report on Friday, October 18th. Eleven analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $169.52.

Insider Buying and Selling at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the sale, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. This represents a 12.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 42.20% of the stock is owned by corporate 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.