Proffitt & Goodson Inc. Sells 297 Shares of Oracle Co. (NYSE:ORCL)

Proffitt & Goodson Inc. trimmed its holdings in Oracle Co. (NYSE:ORCLFree Report) by 2.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,324 shares of the enterprise software provider’s stock after selling 297 shares during the period. Proffitt & Goodson Inc.’s holdings in Oracle were worth $1,305,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Alta Wealth Advisors LLC bought a new stake in shares of Oracle in the third quarter valued at approximately $272,000. Patriot Financial Group Insurance Agency LLC grew its position in Oracle by 32.4% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 11,528 shares of the enterprise software provider’s stock valued at $1,221,000 after acquiring an additional 2,819 shares during the last quarter. McGlone Suttner Wealth Management Inc. lifted its holdings in shares of Oracle by 10.7% in the third quarter. McGlone Suttner Wealth Management Inc. now owns 2,160 shares of the enterprise software provider’s stock worth $229,000 after acquiring an additional 209 shares during the last quarter. GDS Wealth Management boosted its stake in shares of Oracle by 16.4% in the 3rd quarter. GDS Wealth Management now owns 2,467 shares of the enterprise software provider’s stock valued at $261,000 after purchasing an additional 347 shares in the last quarter. Finally, Harrington Investments INC grew its holdings in shares of Oracle by 3.1% during the 3rd quarter. Harrington Investments INC now owns 35,719 shares of the enterprise software provider’s stock valued at $3,783,000 after purchasing an additional 1,072 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

ORCL has been the subject of several research reports. HSBC initiated coverage on shares of Oracle in a research note on Friday, September 15th. They issued a “buy” rating and a $144.00 price objective for the company. Wolfe Research lowered their target price on Oracle from $140.00 to $130.00 and set an “outperform” rating for the company in a report on Tuesday, December 12th. StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a research note on Wednesday, November 8th. Jefferies Financial Group raised their price objective on shares of Oracle from $135.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, September 7th. Finally, DA Davidson reduced their target price on shares of Oracle from $115.00 to $104.00 and set a “neutral” rating on the stock in a report on Tuesday, September 12th. Ten equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $127.14.

Check Out Our Latest Stock Report on ORCL

Insiders Place Their Bets

In related news, Director Naomi O. Seligman sold 16,300 shares of the business’s stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $106.02, for a total transaction of $1,728,126.00. Following the sale, the director now directly owns 34,771 shares in the company, valued at approximately $3,686,421.42. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director George H. Conrades sold 2,325 shares of the stock in a transaction on Monday, November 13th. The stock was sold at an average price of $113.76, for a total value of $264,492.00. Following the transaction, the director now owns 17,836 shares of the company’s stock, valued at $2,029,023.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Naomi O. Seligman sold 16,300 shares of the company’s stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $106.02, for a total value of $1,728,126.00. Following the completion of the transaction, the director now owns 34,771 shares of the company’s stock, valued at $3,686,421.42. The disclosure for this sale can be found here. Insiders have sold a total of 20,950 shares of company stock worth $2,252,948 over the last 90 days. Corporate insiders own 42.80% of the company’s stock.

Oracle Stock Performance

Shares of ORCL stock traded up $0.53 during trading on Thursday, hitting $106.47. The company’s stock had a trading volume of 3,015,439 shares, compared to its average volume of 9,151,192. The business has a fifty day moving average of $109.53 and a 200-day moving average of $113.43. The company has a market cap of $292.68 billion, a PE ratio of 29.28, a P/E/G ratio of 2.64 and a beta of 1.05. Oracle Co. has a 52 week low of $80.70 and a 52 week high of $127.54. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 18.84.

Oracle (NYSE:ORCLGet Free Report) last issued its earnings results on Monday, December 11th. The enterprise software provider reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.01. Oracle had a net margin of 19.64% and a return on equity of 703.26%. The firm had revenue of $12.94 billion during the quarter, compared to analyst estimates of $13.05 billion. During the same quarter last year, the business earned $1.21 earnings per share. The company’s quarterly revenue was up 5.4% on a year-over-year basis. As a group, research analysts anticipate that Oracle Co. will post 4.44 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 25th. Shareholders of record on Thursday, January 11th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, January 10th. This represents a $1.60 dividend on an annualized basis and a yield of 1.50%. Oracle’s payout ratio is 44.20%.

About Oracle

(Free Report)

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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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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