Burke & Herbert Bank & Trust Co. lessened its position in shares of Oracle Co. (NYSE:ORCL – Free Report) by 13.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,200 shares of the enterprise software provider’s stock after selling 1,105 shares during the quarter. Burke & Herbert Bank & Trust Co.’s holdings in Oracle were worth $857,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently modified their holdings of the company. Clear Investment Research LLC acquired a new stake in Oracle during the 4th quarter valued at $25,000. NewSquare Capital LLC increased its holdings in Oracle by 843.3% during the 1st quarter. NewSquare Capital LLC now owns 283 shares of the enterprise software provider’s stock valued at $26,000 after purchasing an additional 253 shares in the last quarter. Steward Financial Group LLC acquired a new stake in Oracle during the 4th quarter valued at $27,000. Quintet Private Bank Europe S.A. acquired a new stake in Oracle during the 1st quarter valued at $30,000. Finally, Altshuler Shaham Ltd acquired a new stake in Oracle during the 1st quarter valued at $32,000. Institutional investors and hedge funds own 42.44% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on ORCL. Jefferies Financial Group lifted their price objective on Oracle from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, September 7th. VNET Group reiterated a “maintains” rating on shares of Oracle in a research report on Tuesday, June 13th. Monness Crespi & Hardt lowered Oracle from a “buy” rating to a “neutral” rating in a research report on Tuesday, September 12th. Wolfe Research increased their price target on Oracle from $130.00 to $140.00 in a research note on Tuesday, June 13th. Finally, Barclays cut their price target on Oracle from $150.00 to $147.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 12th. Twelve research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, Oracle presently has an average rating of “Moderate Buy” and a consensus target price of $123.06.
Insiders Place Their Bets
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 completion of 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 document filed with the SEC, which is available at the SEC website. In other news, insider Edward Screven sold 354,837 shares of Oracle stock in a transaction 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 transaction, the insider now directly owns 2,543,033 shares in the company, valued at $313,784,841.87. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Lawrence Joseph Ellison sold 1,750,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $123.10, for a total transaction of $215,425,000.00. Following the completion of the transaction, the chairman now owns 1,145,732,353 shares in the company, valued at $141,039,652,654.30. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,949,837 shares of company stock valued at $482,142,887. Insiders own 43.70% of the company’s stock.
Oracle Stock Down 1.2 %
NYSE:ORCL traded down $1.36 during trading hours on Monday, reaching $112.55. The company had a trading volume of 4,164,251 shares, compared to its average volume of 9,115,692. The company has a quick ratio of 0.91, a current ratio of 0.87 and a debt-to-equity ratio of 29.72. The firm has a market cap of $308.37 billion, a price-to-earnings ratio of 33.90, a P/E/G ratio of 2.97 and a beta of 1.00. The business’s 50-day simple moving average is $117.28 and its two-hundred day simple moving average is $106.40. Oracle Co. has a twelve month low of $60.78 and a twelve month high of $127.54.
Oracle (NYSE:ORCL – Get Free Report) last released its quarterly earnings results on Monday, September 11th. The enterprise software provider reported $1.19 earnings per share (EPS) 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 the consensus estimate 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 quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.81 EPS. On average, equities analysts expect that Oracle Co. will post 4.49 earnings per share for the current year.
Oracle Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 26th. Stockholders of record on Thursday, October 12th will be issued a $0.40 dividend. The ex-dividend date is Wednesday, October 11th. This represents a $1.60 annualized dividend and a dividend yield of 1.42%. Oracle’s dividend payout ratio is currently 47.62%.
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.
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