Buckley Wealth Management LLC Sells 51,354 Shares of Oracle Co. (NYSE:ORCL)

Buckley Wealth Management LLC lowered its stake in shares of Oracle Co. (NYSE:ORCL) by 92.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,322 shares of the enterprise software provider’s stock after selling 51,354 shares during the period. Buckley Wealth Management LLC’s holdings in Oracle were worth $515,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ORCL. Norges Bank acquired a new stake in shares of Oracle during the fourth quarter worth about $1,409,896,000. Moneta Group Investment Advisors LLC grew its stake in Oracle by 112,785.9% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 10,832,530 shares of the enterprise software provider’s stock valued at $885,451,000 after purchasing an additional 10,822,934 shares in the last quarter. Harris Associates L P grew its stake in Oracle by 31.3% in the fourth quarter. Harris Associates L P now owns 19,160,481 shares of the enterprise software provider’s stock valued at $1,566,178,000 after purchasing an additional 4,570,472 shares in the last quarter. Putnam Investments LLC grew its stake in Oracle by 50.0% in the first quarter. Putnam Investments LLC now owns 10,989,627 shares of the enterprise software provider’s stock valued at $1,021,156,000 after purchasing an additional 3,664,269 shares in the last quarter. Finally, Neuberger Berman Group LLC grew its stake in Oracle by 89.8% in the fourth quarter. Neuberger Berman Group LLC now owns 6,929,363 shares of the enterprise software provider’s stock valued at $565,961,000 after purchasing an additional 3,277,738 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Oracle Trading Down 0.4 %

Shares of Oracle stock traded down $0.47 on Monday, hitting $113.44. 2,607,923 shares of the company’s stock traded hands, compared to its average volume of 9,107,558. The company has a fifty day moving average of $117.28 and a two-hundred day moving average of $106.40. Oracle Co. has a one year low of $60.78 and a one year high of $127.54. The company has a debt-to-equity ratio of 29.72, a current ratio of 0.87 and a quick ratio of 0.91. The company has a market capitalization of $310.81 billion, a price-to-earnings ratio of 33.90, a price-to-earnings-growth ratio of 2.97 and a beta of 1.00.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, September 11th. The enterprise software provider reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. Oracle had a negative return on equity of 3,631.39% and a net margin of 18.40%. The business had revenue of $12.45 billion for the quarter, compared to the consensus estimate of $12.48 billion. During the same period in the prior year, the business earned $0.81 EPS. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. As a group, sell-side analysts expect 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. Stockholders of record on Thursday, October 12th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend is Wednesday, October 11th. Oracle’s dividend payout ratio (DPR) is presently 47.62%.

Analysts Set New Price Targets

ORCL has been the subject of several research analyst reports. KeyCorp lifted their target price on Oracle from $105.00 to $120.00 in a research note on Friday, June 9th. StockNews.com initiated coverage on Oracle in a research note on Thursday, August 17th. They set a “hold” rating for the company. DZ Bank upgraded Oracle from a “hold” rating to a “buy” rating and set a $125.00 target price for the company in a research note on Thursday. Bank of America lifted their target price on Oracle from $112.00 to $132.00 in a research note on Tuesday, June 13th. Finally, The Goldman Sachs Group upgraded Oracle from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $75.00 to $120.00 in a research note 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 MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $123.06.

Insider Transactions at Oracle

In other news, EVP Maria Smith sold 1,320 shares of the 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 completion of the sale, the executive vice president now directly owns 20,280 shares of the company’s stock, valued at $2,368,298.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, EVP Maria Smith sold 1,320 shares of the 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 completion of the sale, the executive vice president now directly owns 20,280 shares of the company’s stock, valued at $2,368,298.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Edward Screven sold 354,837 shares of the stock in a transaction that occurred on 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 sale, the insider now directly owns 2,543,033 shares of the company’s stock, valued at $313,784,841.87. The disclosure for this sale can be found here. Insiders sold a total of 3,949,837 shares of company stock valued at $482,142,887 over the last ninety days. 43.70% of the stock is currently owned by insiders.

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.