Vigilare Wealth Management Sells 493 Shares of Oracle Co. (NYSE:ORCL)

Vigilare Wealth Management trimmed its position in shares of Oracle Co. (NYSE:ORCL) by 12.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,451 shares of the enterprise software provider’s stock after selling 493 shares during the quarter. Vigilare Wealth Management’s holdings in Oracle were worth $411,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. BlackRock Inc. boosted its position in Oracle by 1.4% during the 1st quarter. BlackRock Inc. now owns 117,130,967 shares of the enterprise software provider’s stock valued at $10,883,809,000 after acquiring an additional 1,618,027 shares in the last quarter. State Street Corp lifted its holdings in shares of Oracle by 2.6% during the first quarter. State Street Corp now owns 62,586,810 shares of the enterprise software provider’s stock valued at $5,815,566,000 after purchasing an additional 1,570,528 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Oracle by 0.5% during the first quarter. Geode Capital Management LLC now owns 27,753,778 shares of the enterprise software provider’s stock valued at $2,572,592,000 after purchasing an additional 136,383 shares during the last quarter. FMR LLC lifted its holdings in shares of Oracle by 12.2% during the first quarter. FMR LLC now owns 24,369,890 shares of the enterprise software provider’s stock valued at $2,264,450,000 after purchasing an additional 2,644,377 shares during the last quarter. Finally, Morgan Stanley lifted its holdings in shares of Oracle by 9.6% during the fourth quarter. Morgan Stanley now owns 20,502,544 shares of the enterprise software provider’s stock valued at $1,675,878,000 after purchasing an additional 1,794,080 shares during the last quarter. 42.44% of the stock is owned by institutional investors.

Oracle Price Performance

Oracle stock 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. The firm has a market capitalization of $312.09 billion, a P/E ratio of 33.90, a P/E/G ratio of 2.97 and a beta of 1.00. The company has a current ratio of 0.87, a quick ratio of 0.91 and a debt-to-equity ratio of 29.72. The firm’s 50 day moving average is $117.28 and its 200 day moving average is $106.26. Oracle Co. has a one year low of $60.78 and a one year high of $127.54.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, September 11th. The enterprise software provider reported $1.19 EPS for the quarter, topping the consensus estimate of $1.15 by $0.04. The business had revenue of $12.45 billion for the quarter, compared to analysts’ expectations of $12.48 billion. Oracle had a net margin of 18.40% and a negative return on equity of 3,631.39%. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.81 EPS. On average, sell-side analysts forecast that Oracle Co. will post 4.49 earnings per share for the current fiscal year.

Oracle Dividend Announcement

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

Analysts Set New Price Targets

ORCL has been the subject of several recent research reports. BMO Capital Markets lifted their target price on shares of Oracle from $96.00 to $132.00 in a report on Tuesday, June 13th. JPMorgan Chase & Co. lowered shares of Oracle from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $112.00 to $100.00 in a report on Wednesday. HSBC initiated coverage on shares of Oracle in a report on Friday. They issued a “buy” rating and a $144.00 price objective for the company. The Goldman Sachs Group upgraded shares of Oracle from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $75.00 to $120.00 in a report on Tuesday, June 13th. Finally, Wolfe Research boosted their price objective on shares of Oracle from $130.00 to $140.00 in a report on Tuesday, June 13th. Twelve analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.06.

Insiders Place Their Bets

In other Oracle news, insider Edward Screven sold 354,837 shares of the business’s stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of $123.39, for a total value of $43,783,337.43. Following the sale, the insider now owns 2,543,033 shares in the company, valued at approximately $313,784,841.87. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Oracle news, insider Edward Screven sold 354,837 shares of the business’s stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of $123.39, for a total value of $43,783,337.43. Following the sale, the insider now owns 2,543,033 shares in the company, valued at approximately $313,784,841.87. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Maria Smith sold 3,680 shares of the company’s stock in a transaction dated Friday, July 7th. The shares were sold at an average price of $115.00, for a total transaction of $423,200.00. Following the sale, the executive vice president now owns 16,600 shares in the company, valued at $1,909,000. The disclosure for this sale can be found here. Insiders have sold a total of 3,949,837 shares of company stock worth $482,142,887 in the last 90 days. 43.70% of the stock is currently owned by corporate insiders.

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.