Oracle Co. (NYSE:ORCL) Shares Sold by Foundry Partners LLC

Foundry Partners LLC lowered its position in Oracle Co. (NYSE:ORCL) by 14.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 113,948 shares of the enterprise software provider’s stock after selling 19,951 shares during the quarter. Foundry Partners LLC’s holdings in Oracle were worth $13,570,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in ORCL. Clear Investment Research LLC purchased a new position in shares of Oracle in the fourth quarter valued at $25,000. NewSquare Capital LLC increased its position in shares of Oracle by 843.3% in the first 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 in the last quarter. Steward Financial Group LLC purchased a new position in shares of Oracle in the fourth quarter valued at $27,000. Quintet Private Bank Europe S.A. purchased a new position in shares of Oracle in the first quarter valued at $30,000. Finally, Altshuler Shaham Ltd purchased a new stake in Oracle during the 1st quarter worth about $32,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on ORCL shares. HSBC started coverage on Oracle in a research report on Friday. They set a “buy” rating and a $144.00 price objective for the company. Piper Sandler reiterated an “overweight” rating and set a $130.00 price objective on shares of Oracle in a research report on Tuesday, September 12th. Mizuho lifted their price target on Oracle from $116.00 to $150.00 in a report on Tuesday, June 13th. DA Davidson lowered their price target on Oracle from $115.00 to $104.00 and set a “neutral” rating for the company in a report on Tuesday, September 12th. Finally, Evercore ISI lifted their price target on Oracle from $125.00 to $131.00 and gave the company an “in-line” rating in a report on Tuesday, September 12th. Twelve research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $123.06.

Oracle Stock Performance

Shares of ORCL opened at $112.22 on Tuesday. The business’s 50 day moving average is $117.28 and its two-hundred day moving average is $106.40. Oracle Co. has a 52-week low of $60.78 and a 52-week high of $127.54. The firm has a market cap of $307.46 billion, a price-to-earnings ratio of 33.40, a PEG ratio of 2.98 and a beta of 1.00. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 29.72.

Oracle (NYSE:ORCL) last announced its 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. Oracle had a negative return on equity of 470.73% and a net margin of 18.40%. The company had revenue of $12.45 billion for the quarter, compared to analyst estimates of $12.48 billion. During the same period in the prior year, the company posted $0.81 EPS. Oracle’s quarterly revenue was up 8.8% on a year-over-year basis. Analysts forecast that Oracle Co. will post 4.49 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 1.43%. Oracle’s dividend payout ratio (DPR) is 47.62%.

Insider Activity

In other news, Chairman Lawrence Joseph Ellison sold 1,750,000 shares of the business’s stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $120.95, for a total value of $211,662,500.00. Following the completion of the sale, the chairman now directly owns 1,145,732,353 shares in the company, valued at approximately $138,576,328,095.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Michael J. Boskin sold 90,000 shares of the company’s stock in a transaction on Friday, June 23rd. The stock was sold at an average price of $118.83, for a total transaction of $10,694,700.00. Following the completion of the transaction, the director now directly owns 87,473 shares in the company, valued at approximately $10,394,416.59. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman Lawrence Joseph Ellison sold 1,750,000 shares of the company’s stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $120.95, for a total value of $211,662,500.00. Following the transaction, the chairman now owns 1,145,732,353 shares of the company’s stock, valued at $138,576,328,095.35. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,845,000 shares of company stock worth $222,934,550. 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.