Oracle Co. (NYSE:ORCL) Stock Holdings Reduced by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC trimmed its position in shares of Oracle Co. (NYSE:ORCLFree Report) by 10.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 331,901 shares of the enterprise software provider’s stock after selling 37,205 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Oracle were worth $34,992,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Orion Capital Management LLC bought a new position in shares of Oracle in the third quarter valued at approximately $25,000. Ritter Daniher Financial Advisory LLC DE grew its position in shares of Oracle by 298.4% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock valued at $26,000 after purchasing an additional 182 shares during the last quarter. Spartan Planning & Wealth Management bought a new position in shares of Oracle in the third quarter worth about $27,000. Nordwand Advisors LLC acquired a new position in shares of Oracle during the 4th quarter worth about $30,000. Finally, Cornerstone Planning Group LLC grew its holdings in Oracle by 1,268.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock valued at $36,000 after buying an additional 317 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Oracle Trading Up 0.7 %

Shares of NYSE ORCL traded up $0.80 during midday trading on Wednesday, hitting $121.67. The stock had a trading volume of 6,600,520 shares, compared to its average volume of 8,151,612. The company has a debt-to-equity ratio of 13.34, a current ratio of 0.85 and a quick ratio of 0.85. Oracle Co. has a fifty-two week low of $96.92 and a fifty-two week high of $132.77. The firm has a market cap of $334.41 billion, a P/E ratio of 31.96, a price-to-earnings-growth ratio of 2.33 and a beta of 1.03. The company’s 50-day simple moving average is $120.71 and its 200 day simple moving average is $114.12.

Oracle (NYSE:ORCLGet Free Report) last announced its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.04. The firm had revenue of $13.28 billion during the quarter, compared to analysts’ expectations of $13.29 billion. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.96 EPS. Research analysts anticipate that Oracle Co. will post 4.44 EPS for the current year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date was Tuesday, April 9th. Oracle’s dividend payout ratio is presently 42.22%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ORCL. KeyCorp assumed coverage on Oracle in a research report on Thursday, March 21st. They issued an “overweight” rating and a $150.00 price objective for the company. Argus upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. HSBC upped their price objective on shares of Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. BMO Capital Markets boosted their price target on Oracle from $126.00 to $142.00 and gave the company a “market perform” rating in a research note on Tuesday, March 12th. Finally, Oppenheimer started coverage on Oracle in a report on Thursday, April 18th. They set a “market perform” rating on the stock. Ten research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, Oracle presently has a consensus rating of “Moderate Buy” and a consensus price target of $130.76.

View Our Latest Research Report on ORCL

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 790,000 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at $141,546,631.68. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, CEO Safra Catz sold 790,000 shares of Oracle stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $141,546,631.68. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director George H. Conrades sold 25,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $116.13, for a total transaction of $2,903,250.00. Following the completion of the sale, the director now owns 17,836 shares of the company’s stock, valued at approximately $2,071,294.68. The disclosure for this sale can be found here. In the last 90 days, insiders sold 880,000 shares of company stock worth $110,488,150. Insiders own 42.80% of the company’s stock.

Oracle Profile

(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.

See Also

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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