Atria Wealth Solutions Inc. Sells 7,102 Shares of Oracle Co. (NYSE:ORCL)

Atria Wealth Solutions Inc. lessened its position in shares of Oracle Co. (NYSE:ORCL) by 8.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 78,508 shares of the enterprise software provider’s stock after selling 7,102 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Oracle were worth $11,085,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ORCL. Westend Capital Management LLC acquired a new stake in shares of Oracle during the first quarter worth $25,000. Tidemark LLC acquired a new stake in shares of Oracle in the 4th quarter valued at approximately $29,000. Nordwand Advisors LLC acquired a new stake in shares of Oracle in the 4th quarter valued at approximately $30,000. Frank Rimerman Advisors LLC bought a new position in Oracle during the 4th quarter worth approximately $30,000. Finally, Bbjs Financial Advisors LLC acquired a new position in shares of Oracle in the 2nd quarter valued at $35,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Leon E. Panetta sold 15,000 shares of Oracle stock in a transaction dated 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 completion of 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 Securities & Exchange Commission, which can be accessed through this link. In related news, Director Leon E. Panetta sold 15,000 shares of Oracle stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the transaction, the director now owns 58,090 shares of the company’s stock, valued at $8,010,030.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $143.69, for a total value of $161,651,250.00. Following the transaction, the chairman now directly owns 1,145,732,353 shares of the company’s stock, valued at approximately $164,630,281,802.57. The disclosure for this sale can be found here. Insiders have sold a total of 1,862,500 shares of company stock worth $266,776,624 in the last ninety days. Corporate insiders own 42.80% of the company’s stock.

Oracle Trading Up 0.7 %

ORCL traded up $1.03 during midday trading on Wednesday, hitting $140.20. 3,729,663 shares of the company were exchanged, compared to its average volume of 8,204,287. The firm’s 50 day moving average price is $138.96 and its 200-day moving average price is $126.31. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $146.59. The firm has a market capitalization of $386.37 billion, a P/E ratio of 37.79, a P/E/G ratio of 2.45 and a beta of 1.02. The company has a quick ratio of 0.72, a current ratio of 0.71 and a debt-to-equity ratio of 8.25.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.02). Oracle had a return on equity of 223.01% and a net margin of 19.76%. The business had revenue of $14.29 billion during the quarter, compared to the consensus estimate of $14.57 billion. During the same period last year, the business posted $1.35 earnings per share. The business’s revenue was up 3.3% on a year-over-year basis. As a group, equities analysts forecast that Oracle Co. will post 5.02 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend was Thursday, July 11th. Oracle’s payout ratio is 43.13%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. JMP Securities reissued a “market perform” rating on shares of Oracle in a research note on Tuesday, June 11th. BMO Capital Markets upped their price target on Oracle from $142.00 to $160.00 and gave the stock a “market perform” rating in a research report on Monday, June 17th. Morgan Stanley reissued an “equal weight” rating and issued a $125.00 price objective on shares of Oracle in a research report on Tuesday, June 25th. KeyCorp lifted their price target on shares of Oracle from $150.00 to $165.00 and gave the company an “overweight” rating in a research note on Wednesday, June 12th. Finally, Guggenheim restated a “buy” rating and issued a $175.00 price objective on shares of Oracle in a report on Tuesday, June 25th. Fourteen equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and a consensus target price of $145.83.

Oracle 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.