Gradient Investments LLC Has $18.48 Million Position in Oracle Co. (NYSE:ORCL)

Gradient Investments LLC lessened its stake in shares of Oracle Co. (NYSE:ORCL) by 4.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 130,848 shares of the enterprise software provider’s stock after selling 5,969 shares during the period. Gradient Investments LLC’s holdings in Oracle were worth $18,476,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Westend Capital Management LLC bought a new stake in Oracle during the 1st quarter valued at approximately $25,000. Tidemark LLC acquired a new stake in shares of Oracle in the fourth quarter worth $29,000. Nordwand Advisors LLC acquired a new position in Oracle during the 4th quarter valued at $30,000. Frank Rimerman Advisors LLC bought a new stake in Oracle in the 4th quarter valued at $30,000. Finally, Bbjs Financial Advisors LLC acquired a new stake in Oracle in the 2nd quarter worth $35,000. Institutional investors own 42.44% of the company’s stock.

Insiders Place Their Bets

In related news, Director Leon E. Panetta sold 15,000 shares of Oracle stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $137.89, for a total value of $2,068,350.00. Following the sale, the director now owns 58,090 shares of the company’s stock, valued at $8,010,030.10. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Leon E. Panetta sold 15,000 shares of the business’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the transaction, the director now directly owns 58,090 shares in the company, valued at $8,010,030.10. The sale was disclosed in a filing with the SEC, which is available through this link. 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 1,862,500 shares of company stock valued at $266,776,624 in the last quarter. 42.80% of the stock is currently owned by insiders.

Oracle Trading Up 0.4 %

Shares of NYSE:ORCL traded up $0.54 during mid-day trading on Friday, reaching $137.47. The stock had a trading volume of 4,893,787 shares, compared to its average volume of 8,289,465. The firm has a market cap of $378.85 billion, a PE ratio of 37.05, a price-to-earnings-growth ratio of 2.39 and a beta of 1.02. The firm has a 50 day simple moving average of $138.39 and a two-hundred day simple moving average of $125.71. The company has a current ratio of 0.71, a quick ratio of 0.72 and a debt-to-equity ratio of 8.25. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $146.59.

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

Oracle Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Evercore ISI raised their price objective on Oracle from $145.00 to $160.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 12th. JMP Securities reiterated a “market perform” rating on shares of Oracle in a research note on Tuesday, June 11th. Argus increased their price objective on shares of Oracle from $145.00 to $159.00 and gave the company a “buy” rating in a research note on Tuesday, June 18th. StockNews.com lowered shares of Oracle from a “buy” rating to a “hold” rating in a research report on Thursday, June 6th. Finally, UBS Group increased their price target on shares of Oracle from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, June 12th. Fourteen analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price 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.