Oracle Co. (NYSE:ORCL) Shares Sold by Capital Investment Services of America Inc.

Capital Investment Services of America Inc. lessened its holdings in shares of Oracle Co. (NYSE:ORCL) by 3.1% in the second quarter, according to its most recent filing with the SEC. The firm owned 268,031 shares of the enterprise software provider’s stock after selling 8,440 shares during the period. Oracle accounts for 3.5% of Capital Investment Services of America Inc.’s portfolio, making the stock its 7th largest position. Capital Investment Services of America Inc.’s holdings in Oracle were worth $31,920,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ORCL. Clear Investment Research LLC acquired a new position in shares of Oracle in the 4th quarter valued at $25,000. NewSquare Capital LLC grew its holdings in shares of Oracle by 843.3% in the 1st quarter. NewSquare Capital LLC now owns 283 shares of the enterprise software provider’s stock valued at $26,000 after buying an additional 253 shares during the period. Steward Financial Group LLC acquired a new position in shares of Oracle in the 4th quarter valued at $27,000. Quintet Private Bank Europe S.A. acquired a new position in shares of Oracle in the 1st quarter valued at $30,000. Finally, Altshuler Shaham Ltd acquired a new position in shares of Oracle in the 1st quarter valued at $32,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ORCL shares. Morgan Stanley boosted their price target on shares of Oracle from $105.00 to $106.00 and gave the company an “equal weight” rating in a report on Tuesday, September 12th. Evercore ISI increased their target price on Oracle from $125.00 to $131.00 and gave the stock an “in-line” rating in a report on Tuesday, September 12th. Deutsche Bank Aktiengesellschaft increased their target price on Oracle from $120.00 to $135.00 in a report on Tuesday, June 13th. Stifel Nicolaus increased their target price on Oracle from $84.00 to $120.00 in a report on Tuesday, June 13th. Finally, Piper Sandler reiterated an “overweight” rating and set a $130.00 target price on shares of Oracle in a report on Tuesday, September 12th. Twelve equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $123.06.

Oracle Stock Performance

NYSE:ORCL traded up $0.25 during mid-day trading on Friday, hitting $113.91. The stock had a trading volume of 23,215,012 shares, compared to its average volume of 13,743,533. Oracle Co. has a twelve month low of $60.78 and a twelve month high of $127.54. The stock has a market cap of $312.09 billion, a price-to-earnings ratio of 33.90, a PEG ratio of 2.97 and a beta of 1.00. The company’s 50 day simple moving average is $117.28 and its 200 day simple moving average is $106.26. The company has a debt-to-equity ratio of 29.72, a quick ratio of 0.91 and a current ratio of 0.87.

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

Oracle Announces Dividend

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 given a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, October 11th. This represents a $1.60 annualized dividend and a yield of 1.40%. Oracle’s dividend payout ratio (DPR) is presently 47.62%.

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.