Oracle Co. (NYSE:ORCL) Shares Sold by Paloma Partners Management Co

Paloma Partners Management Co reduced its position in shares of Oracle Co. (NYSE:ORCL) by 88.3% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,509 shares of the enterprise software provider’s stock after selling 34,178 shares during the quarter. Paloma Partners Management Co’s holdings in Oracle were worth $566,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Westend Capital Management LLC acquired a new stake in shares of Oracle in the first quarter worth about $25,000. Tidemark LLC acquired a new position in shares of Oracle in the 4th quarter valued at $29,000. Frank Rimerman Advisors LLC acquired a new position in shares of Oracle in the 4th quarter valued at $30,000. Alaska Permanent Fund Corp bought a new stake in shares of Oracle in the 1st quarter valued at $36,000. Finally, Nordwand Advisors LLC bought a new position in Oracle during the 4th quarter worth about $30,000. 42.44% of the stock is owned by institutional investors.

Oracle Stock Down 0.5 %

NYSE ORCL traded down $0.70 on Monday, reaching $138.31. The company had a trading volume of 3,440,378 shares, compared to its average volume of 8,466,213. The firm has a market capitalization of $381.16 billion, a PE ratio of 37.28, a P/E/G ratio of 2.51 and a beta of 1.02. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $146.59. The firm has a 50-day moving average of $135.34 and a 200-day moving average of $123.67. The company has a debt-to-equity ratio of 8.25, a current ratio of 0.71 and a quick ratio of 0.72.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). Oracle had a return on equity of 223.01% and a net margin of 19.76%. The company had revenue of $14.29 billion for the quarter, compared to analyst estimates of $14.57 billion. During the same quarter in the previous year, the company posted $1.35 earnings per share. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, equities research analysts anticipate that Oracle Co. will post 5.02 EPS for the current fiscal year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Thursday, July 11th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.16%. The ex-dividend date was Thursday, July 11th. Oracle’s payout ratio is presently 43.13%.

Insiders Place Their Bets

In other news, insider Edward Screven sold 235,918 shares of the business’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the transaction, the insider now owns 2,626,764 shares in the company, valued at approximately $379,042,045.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director George H. Conrades sold 20,000 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $116.00, for a total transaction of $2,320,000.00. Following the completion of the sale, the director now owns 17,836 shares of the company’s stock, valued at $2,068,976. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Edward Screven sold 235,918 shares of the stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the completion of the sale, the insider now owns 2,626,764 shares of the company’s stock, valued at approximately $379,042,045.20. The disclosure for this sale can be found here. Insiders sold a total of 1,952,500 shares of company stock valued at $277,298,174 in the last quarter. Insiders own 42.80% of the company’s stock.

Analyst Upgrades and Downgrades

ORCL has been the subject of several recent analyst reports. Morgan Stanley reiterated an “equal weight” rating and issued a $125.00 target price on shares of Oracle in a research note on Tuesday, June 25th. Bank of America lifted their price target on shares of Oracle from $144.00 to $155.00 and gave the stock a “neutral” rating in a report on Wednesday, June 12th. Oppenheimer began coverage on shares of Oracle in a report on Thursday, April 18th. They issued a “market perform” rating on the stock. Mizuho upped their price objective on shares of Oracle from $160.00 to $170.00 and gave the company a “buy” rating in a report on Monday, June 17th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Oracle from $105.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 12th. Fourteen equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $145.83.

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.