Evanson Asset Management LLC Trims Stock Position in Oracle Co. (NYSE:ORCL)

Evanson Asset Management LLC lessened its position in shares of Oracle Co. (NYSE:ORCL) by 4.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,318 shares of the enterprise software provider’s stock after selling 195 shares during the quarter. Evanson Asset Management LLC’s holdings in Oracle were worth $542,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in ORCL. Fuller & Thaler Asset Management Inc. lifted its position in Oracle by 5.1% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 8,265 shares of the enterprise software provider’s stock valued at $875,000 after acquiring an additional 404 shares during the last quarter. Federated Hermes Inc. lifted its position in Oracle by 39.8% in the third quarter. Federated Hermes Inc. now owns 46,305 shares of the enterprise software provider’s stock valued at $4,905,000 after acquiring an additional 13,183 shares during the last quarter. Cary Street Partners Investment Advisory LLC lifted its position in Oracle by 22.3% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 7,841 shares of the enterprise software provider’s stock valued at $831,000 after acquiring an additional 1,428 shares during the last quarter. Eagle Asset Management Inc. lifted its position in Oracle by 2.7% in the third quarter. Eagle Asset Management Inc. now owns 57,492 shares of the enterprise software provider’s stock valued at $6,090,000 after acquiring an additional 1,489 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in Oracle by 39.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,991 shares of the enterprise software provider’s stock valued at $846,000 after acquiring an additional 2,276 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. StockNews.com cut shares of Oracle from a “buy” rating to a “hold” rating in a report on Thursday, June 6th. JMP Securities restated a “market perform” rating on shares of Oracle in a research report on Tuesday, June 11th. TD Cowen upped their target price on shares of Oracle from $145.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, June 12th. Bank of America upped their target price on shares of Oracle from $144.00 to $155.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 12th. Finally, KeyCorp upped their target price on shares of Oracle from $150.00 to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 12th. Fourteen investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $145.83.

Oracle Price Performance

NYSE ORCL opened at $139.13 on Wednesday. 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 fifty day simple moving average of $123.84 and a 200 day simple moving average of $117.48. The company has a market cap of $383.42 billion, a P/E ratio of 37.50, a P/E/G ratio of 2.54 and a beta of 1.01. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $145.32.

Oracle (NYSE:ORCL) last issued its quarterly earnings results 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 company had revenue of $14.29 billion during the quarter, compared to the consensus estimate of $14.57 billion. During the same period last year, the company earned $1.35 earnings per share. Oracle’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, sell-side analysts predict that Oracle Co. will post 5.01 EPS for the current year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend is Thursday, July 11th. Oracle’s dividend payout ratio (DPR) is presently 43.13%.

Insider Buying and Selling at Oracle

In other Oracle news, insider Edward Screven sold 235,918 shares of the stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $144.30, for a total value of $34,042,967.40. Following the completion of the sale, the insider now directly owns 2,626,764 shares of the company’s stock, valued at approximately $379,042,045.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director George H. Conrades sold 20,000 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $116.00, for a total value of $2,320,000.00. Following the completion of the transaction, the director now owns 17,836 shares in the company, valued at approximately $2,068,976. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Edward Screven sold 235,918 shares of the 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 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 348,418 shares of company stock valued at $47,784,717 in the last ninety days. Company insiders own 42.80% of the company’s stock.

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.