Foundry Partners LLC Sells 19,951 Shares of Oracle Co. (NYSE:ORCL)

Foundry Partners LLC lowered its position in Oracle Co. (NYSE:ORCL) by 14.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm 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 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. First Bank & Trust lifted its position in shares of Oracle by 3.1% in the 2nd quarter. First Bank & Trust now owns 3,223 shares of the enterprise software provider’s stock worth $384,000 after acquiring an additional 98 shares during the period. Ignite Planners LLC lifted its position in shares of Oracle by 5.8% in the 2nd quarter. Ignite Planners LLC now owns 2,860 shares of the enterprise software provider’s stock worth $328,000 after acquiring an additional 156 shares during the period. Sunburst Financial Group LLC bought a new stake in shares of Oracle in the 2nd quarter worth approximately $241,000. Juncture Wealth Strategies LLC bought a new stake in shares of Oracle in the 2nd quarter worth approximately $249,000. Finally, Thrive Wealth Management LLC lifted its position in shares of Oracle by 2.9% in the 2nd quarter. Thrive Wealth Management LLC now owns 6,790 shares of the enterprise software provider’s stock worth $809,000 after acquiring an additional 189 shares during the period. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Down 1.5 %

NYSE:ORCL opened at $112.22 on Tuesday. Oracle Co. has a 12-month low of $60.78 and a 12-month high of $127.54. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 29.72. The firm has a market capitalization of $307.46 billion, a P/E ratio of 33.40, a P/E/G ratio of 2.98 and a beta of 1.00. The stock’s fifty day simple moving average is $117.28 and its 200-day simple moving average is $106.40.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, September 11th. The enterprise software provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.04. The firm had revenue of $12.45 billion for the quarter, compared to analyst estimates of $12.48 billion. Oracle had a negative return on equity of 470.73% and a net margin of 18.40%. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.81 earnings per share. Equities research analysts expect that Oracle Co. will post 4.49 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 26th. Shareholders of record on Thursday, October 12th will be issued a dividend of $0.40 per share. The ex-dividend date is Wednesday, October 11th. This represents a $1.60 annualized dividend and a yield of 1.43%. Oracle’s dividend payout ratio is presently 47.62%.

Wall Street Analyst Weigh In

ORCL has been the subject of several analyst reports. BMO Capital Markets raised their target price on Oracle from $96.00 to $132.00 in a research report on Tuesday, June 13th. Guggenheim lifted their price target on shares of Oracle from $120.00 to $150.00 in a report on Tuesday, June 13th. UBS Group reduced their target price on Oracle from $140.00 to $135.00 and set a “buy” rating on the stock in a report on Tuesday, September 12th. Jefferies Financial Group raised their price target on Oracle from $135.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, September 7th. Finally, The Goldman Sachs Group raised Oracle from a “sell” rating to a “neutral” rating and raised their price target for the company from $75.00 to $120.00 in a report on Tuesday, June 13th. Twelve research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $123.06.

Insiders Place Their Bets

In other Oracle news, Chairman Lawrence Joseph Ellison sold 1,750,000 shares of Oracle stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $120.95, for a total transaction of $211,662,500.00. Following the transaction, the chairman now directly owns 1,145,732,353 shares in the company, valued at $138,576,328,095.35. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Oracle news, Chairman Lawrence Joseph Ellison sold 1,750,000 shares of Oracle stock in a transaction dated 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 sale, the chairman now owns 1,145,732,353 shares of the company’s stock, valued at approximately $138,576,328,095.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael J. Boskin sold 90,000 shares of Oracle stock in a transaction dated Friday, June 23rd. The shares were sold at an average price of $118.83, for a total value of $10,694,700.00. Following the completion of the sale, the director now directly owns 87,473 shares in the company, valued at approximately $10,394,416.59. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,845,000 shares of company stock worth $222,934,550. Corporate insiders own 43.70% of the company’s stock.

About Oracle

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.