Thompson Investment Management Inc. Sells 10,150 Shares of Oracle Co. (NYSE:ORCL)

Thompson Investment Management Inc. trimmed its stake in Oracle Co. (NYSE:ORCL) by 12.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 70,596 shares of the enterprise software provider’s stock after selling 10,150 shares during the period. Oracle makes up about 1.4% of Thompson Investment Management Inc.’s portfolio, making the stock its 23rd biggest position. Thompson Investment Management Inc.’s holdings in Oracle were worth $8,407,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Fairfield Bush & CO. raised its holdings in shares of Oracle by 3.1% in the first quarter. Fairfield Bush & CO. now owns 73,791 shares of the enterprise software provider’s stock worth $6,105,000 after buying an additional 2,221 shares during the period. AMI Investment Management Inc. raised its holdings in shares of Oracle by 2.9% in the first quarter. AMI Investment Management Inc. now owns 20,467 shares of the enterprise software provider’s stock worth $1,693,000 after buying an additional 579 shares during the period. Baird Financial Group Inc. raised its holdings in shares of Oracle by 29.2% in the first quarter. Baird Financial Group Inc. now owns 588,460 shares of the enterprise software provider’s stock worth $48,686,000 after buying an additional 132,920 shares during the period. Zions Bancorporation N.A. raised its holdings in shares of Oracle by 79.6% in the first quarter. Zions Bancorporation N.A. now owns 6,854 shares of the enterprise software provider’s stock worth $567,000 after buying an additional 3,038 shares during the period. Finally, Covestor Ltd raised its holdings in shares of Oracle by 125.2% in the first quarter. Covestor Ltd now owns 1,995 shares of the enterprise software provider’s stock worth $165,000 after buying an additional 1,109 shares during the period. 42.44% of the stock is owned by institutional investors.

Insider Activity at Oracle

In related news, insider Edward Screven sold 354,837 shares of Oracle stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $123.39, for a total value of $43,783,337.43. Following the completion of the transaction, the insider now owns 2,543,033 shares in the company, valued at approximately $313,784,841.87. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Oracle news, insider Edward Screven sold 354,837 shares of the business’s stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $123.39, for a total transaction of $43,783,337.43. Following the completion of the sale, the insider now directly owns 2,543,033 shares in the company, valued at approximately $313,784,841.87. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Maria Smith sold 1,320 shares of the business’s stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $116.78, for a total value of $154,149.60. Following the sale, the executive vice president now owns 20,280 shares of the company’s stock, valued at $2,368,298.40. The disclosure for this sale can be found here. Insiders sold a total of 3,949,837 shares of company stock worth $482,142,887 in the last 90 days. Corporate insiders own 43.70% of the company’s stock.

Oracle Stock Performance

Shares of NYSE ORCL traded up $0.25 during trading on Friday, reaching $113.91. 23,215,012 shares of the company traded hands, compared to its average volume of 13,743,533. The firm’s fifty day simple moving average is $117.29 and its 200 day simple moving average is $105.95. The stock has a market cap of $312.09 billion, a P/E ratio of 33.90, a PEG ratio of 2.97 and a beta of 1.00. Oracle Co. has a 12-month low of $60.78 and a 12-month high of $127.54. The company has a current ratio of 0.87, a quick ratio of 0.91 and a debt-to-equity ratio of 29.72.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, September 11th. The enterprise software provider reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. The business had revenue of $12.45 billion during the quarter, compared to analyst estimates of $12.48 billion. Oracle had a negative return on equity of 3,631.39% and a net margin of 18.40%. The company’s revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the business posted $0.81 EPS. As a group, research analysts anticipate that Oracle Co. will post 4.49 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 26th. Shareholders of record on Thursday, October 12th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, October 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.40%. Oracle’s payout ratio is currently 47.62%.

Analysts Set New Price Targets

Several research analysts have commented on the company. Mizuho raised their price objective on Oracle from $116.00 to $150.00 in a report on Tuesday, June 13th. Guggenheim raised their price objective on Oracle from $120.00 to $150.00 in a report on Tuesday, June 13th. Jefferies Financial Group raised their price objective on Oracle from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, September 7th. Piper Sandler restated an “overweight” rating and set a $130.00 price objective on shares of Oracle in a report on Tuesday. Finally, Barclays reduced their price objective on Oracle from $150.00 to $147.00 and set an “overweight” rating on the stock in a report on Tuesday. Twelve equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.06.

Oracle 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.