Oracle Co. (NYSE:ORCL) Shares Sold by AGF Management Ltd.

AGF Management Ltd. trimmed its position in Oracle Co. (NYSE:ORCL) by 18.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 265,088 shares of the enterprise software provider’s stock after selling 59,059 shares during the quarter. AGF Management Ltd.’s holdings in Oracle were worth $37,430,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Westend Capital Management LLC purchased a new position in Oracle during the first quarter valued at approximately $25,000. Tidemark LLC purchased a new position in Oracle during the fourth quarter valued at approximately $29,000. Frank Rimerman Advisors LLC purchased a new position in Oracle during the fourth quarter valued at approximately $30,000. POM Investment Strategies LLC purchased a new position in Oracle during the second quarter valued at approximately $30,000. Finally, Bbjs Financial Advisors LLC purchased a new position in Oracle during the second quarter valued at approximately $35,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on ORCL shares. BMO Capital Markets lifted their price target on Oracle from $160.00 to $173.00 and gave the company a “market perform” rating in a research report on Tuesday. DA Davidson boosted their price objective on Oracle from $105.00 to $140.00 and gave the company a “neutral” rating in a research report on Tuesday. Argus boosted their price objective on Oracle from $145.00 to $159.00 and gave the company a “buy” rating in a research report on Tuesday, June 18th. JMP Securities upgraded Oracle from a “market perform” rating to an “outperform” rating and set a $175.00 price objective for the company in a research report on Tuesday. Finally, Bank of America boosted their price objective on Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a research report on Tuesday. Twelve analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Oracle presently has an average rating of “Moderate Buy” and a consensus price target of $158.68.

Insiders Place Their Bets

In other Oracle news, insider Edward Screven sold 235,918 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 2,626,764 shares in the company, valued at approximately $379,042,045.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Oracle news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the sale, the chairman now owns 1,145,732,353 shares in the company, valued at approximately $164,630,281,802.57. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Edward Screven sold 235,918 shares of the company’s stock in a transaction dated 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 transaction, the insider now directly owns 2,626,764 shares of the company’s stock, valued at $379,042,045.20. The disclosure for this sale can be found here. Insiders have sold a total of 1,862,500 shares of company stock worth $266,776,624 in the last quarter. 42.80% of the stock is owned by company insiders.

Oracle Price Performance

ORCL stock opened at $157.13 on Thursday. 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 capitalization of $433.03 billion, a PE ratio of 42.35, a P/E/G ratio of 2.56 and a beta of 1.01. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $160.52. The business’s fifty day moving average price is $139.16 and its 200 day moving average price is $129.32.

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, beating the consensus estimate of $1.33 by $0.06. The firm had revenue of $13.31 billion for the quarter, compared to the consensus estimate of $13.23 billion. Oracle had a return on equity of 223.01% and a net margin of 19.76%. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.95 EPS. On average, sell-side analysts anticipate that Oracle Co. will post 5.02 EPS for the current year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be issued a dividend of $0.40 per share. The ex-dividend date is Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 1.02%. Oracle’s dividend payout ratio (DPR) is 43.13%.

About Oracle

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.