Oracle Co. (NYSE:ORCL) Shares Sold by Goelzer Investment Management Inc.

Goelzer Investment Management Inc. reduced its stake in Oracle Co. (NYSE:ORCL) by 1.8% in the third quarter, HoldingsChannel reports. The fund owned 6,192 shares of the enterprise software provider’s stock after selling 113 shares during the quarter. Goelzer Investment Management Inc.’s holdings in Oracle were worth $1,055,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in ORCL. Westend Capital Management LLC acquired a new stake in Oracle during the first quarter valued at approximately $25,000. Fairway Wealth LLC acquired a new stake in Oracle during the second quarter valued at approximately $27,000. POM Investment Strategies LLC acquired a new stake in Oracle during the second quarter valued at approximately $30,000. Bbjs Financial Advisors LLC acquired a new stake in shares of Oracle during the second quarter valued at approximately $35,000. Finally, Alaska Permanent Fund Corp acquired a new stake in shares of Oracle during the first quarter valued at approximately $36,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Stock Performance

NYSE:ORCL opened at $170.86 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. The firm has a market capitalization of $470.87 billion, a PE ratio of 46.05, a PEG ratio of 3.10 and a beta of 1.01. The firm’s fifty day simple moving average is $147.84 and its 200 day simple moving average is $135.20. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $173.99.

Oracle (NYSE:ORCL) last posted its quarterly earnings results 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. The company had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period last year, the business posted $0.95 EPS. On average, sell-side analysts anticipate 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, October 24th. Shareholders of record on Thursday, October 10th will be given a $0.40 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.94%. Oracle’s dividend payout ratio is 43.13%.

Insiders Place Their Bets

In other news, EVP Maria Smith sold 6,320 shares of Oracle 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 sale, the executive vice president now directly owns 42,889 shares in the company, valued at approximately $7,076,685. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Edward Screven sold 426,861 shares of Oracle stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $141.91, for a total transaction of $60,575,844.51. Following the sale, the insider now directly owns 2,626,764 shares in the company, valued at approximately $372,764,079.24. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Maria Smith sold 6,320 shares of Oracle 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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,573,181 shares of company stock worth $225,338,245 in the last ninety days. Insiders own 42.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ORCL. TD Cowen boosted their price target on shares of Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Piper Sandler boosted their price target on shares of Oracle from $150.00 to $175.00 and gave the company an “overweight” 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. Guggenheim boosted their price target on shares of Oracle from $185.00 to $200.00 and gave the company a “buy” rating in a report on Friday, September 13th. Finally, Evercore ISI boosted their price target on shares of Oracle from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Ten equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to MarketBeat.com, Oracle currently has a consensus rating of “Moderate Buy” and a consensus price target of $167.42.

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.