Oracle Co. (NYSE:ORCL) Shares Sold by Venturi Wealth Management LLC

Venturi Wealth Management LLC lowered its position in shares of Oracle Co. (NYSE:ORCL) by 7.6% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 16,377 shares of the enterprise software provider’s stock after selling 1,347 shares during the period. Venturi Wealth Management LLC’s holdings in Oracle were worth $2,791,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Core Wealth Partners LLC grew its stake in shares of Oracle by 33.4% in the 3rd quarter. Core Wealth Partners LLC now owns 5,448 shares of the enterprise software provider’s stock worth $928,000 after purchasing an additional 1,364 shares during the last quarter. Catalytic Wealth RIA LLC grew its position in Oracle by 26.5% in the third quarter. Catalytic Wealth RIA LLC now owns 8,748 shares of the enterprise software provider’s stock worth $1,491,000 after buying an additional 1,831 shares during the last quarter. Peregrine Asset Advisers Inc. increased its holdings in shares of Oracle by 2.6% in the third quarter. Peregrine Asset Advisers Inc. now owns 5,859 shares of the enterprise software provider’s stock valued at $998,000 after buying an additional 150 shares in the last quarter. Paragon Capital Management LLC increased its holdings in shares of Oracle by 6.6% in the third quarter. Paragon Capital Management LLC now owns 1,551 shares of the enterprise software provider’s stock valued at $264,000 after buying an additional 96 shares in the last quarter. Finally, Ridgecrest Wealth Partners LLC lifted its position in shares of Oracle by 1.3% during the 3rd quarter. Ridgecrest Wealth Partners LLC now owns 7,813 shares of the enterprise software provider’s stock valued at $1,331,000 after acquiring an additional 100 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Oracle news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction dated 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 approximately $7,076,685. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 42.20% of the stock is owned by corporate insiders.

Oracle Stock Up 1.5 %

ORCL opened at $192.10 on Monday. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $192.10. The business has a 50 day moving average of $167.47 and a 200-day moving average of $144.51. The stock has a market capitalization of $532.32 billion, a price-to-earnings ratio of 48.78, a P/E/G ratio of 3.49 and a beta of 1.02. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68.

Oracle (NYSE:ORCL) last posted its quarterly earnings data 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 company had revenue of $13.31 billion for the quarter, compared to the consensus estimate of $13.23 billion. During the same quarter in the previous year, the firm posted $0.95 EPS. The business’s revenue was up 6.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Oracle Co. will post 5 earnings per share for the current 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 paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date was Thursday, October 10th. Oracle’s dividend payout ratio is 41.24%.

Wall Street Analyst Weigh In

ORCL has been the topic of a number of recent research reports. Mizuho lifted their target price on Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Bank of America boosted their price objective on Oracle from $155.00 to $175.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. BMO Capital Markets raised their target price on shares of Oracle from $160.00 to $173.00 and gave the stock a “market perform” rating in a report on Tuesday, September 10th. Oppenheimer restated a “market perform” rating on shares of Oracle in a report on Tuesday, September 10th. Finally, Evercore ISI raised 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. Eleven analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $168.52.

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.