Gray Private Wealth LLC Has $968,000 Holdings in Oracle Co. (NYSE:ORCL)

Gray Private Wealth LLC lessened its holdings in shares of Oracle Co. (NYSE:ORCL) by 14.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,858 shares of the enterprise software provider’s stock after selling 1,156 shares during the quarter. Oracle accounts for approximately 0.6% of Gray Private Wealth LLC’s holdings, making the stock its 15th largest holding. Gray Private Wealth LLC’s holdings in Oracle were worth $968,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Westend Capital Management LLC acquired a new stake in shares of Oracle in the 1st quarter valued at about $25,000. Bbjs Financial Advisors LLC acquired a new stake in shares of Oracle in the 2nd quarter valued at about $35,000. Tidemark LLC acquired a new stake in shares of Oracle in the 4th quarter valued at about $29,000. Frank Rimerman Advisors LLC acquired a new stake in shares of Oracle in the 4th quarter valued at about $30,000. Finally, Alaska Permanent Fund Corp acquired a new stake in shares of Oracle in the 1st quarter valued at about $36,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insiders Place Their Bets

In other news, Director Leon E. Panetta sold 15,000 shares of Oracle stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $137.89, for a total value of $2,068,350.00. Following the completion of the sale, the director now directly owns 58,090 shares in the company, valued at $8,010,030.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Director Leon E. Panetta sold 15,000 shares of Oracle stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $137.89, for a total value of $2,068,350.00. Following the completion of the sale, the director now directly owns 58,090 shares in the company, valued at $8,010,030.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Edward Screven sold 235,918 shares of Oracle stock in a transaction that occurred 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 $379,042,045.20. The disclosure for this sale can be found here. Insiders sold 1,862,500 shares of company stock worth $266,776,624 over the last three months. Insiders own 42.80% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on ORCL shares. Mizuho lifted their price target on Oracle from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, June 17th. Argus raised their price objective on Oracle from $145.00 to $159.00 and gave the company a “buy” rating in a report on Tuesday, June 18th. Sanford C. Bernstein raised their price objective on Oracle from $159.00 to $171.00 and gave the company an “outperform” rating in a report on Wednesday, June 12th. Citigroup decreased their price objective on Oracle from $133.00 to $128.00 and set a “neutral” rating for the company in a report on Monday, June 10th. Finally, JMP Securities restated a “market perform” rating on shares of Oracle in a report on Tuesday, June 11th. Fourteen research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $145.83.

Oracle Stock Performance

ORCL stock traded down $2.07 during mid-day trading on Thursday, hitting $138.13. 5,161,343 shares of the company were exchanged, compared to its average volume of 8,185,519. The business has a 50 day simple moving average of $138.96 and a 200-day simple moving average of $126.31. The company has a current ratio of 0.71, a quick ratio of 0.72 and a debt-to-equity ratio of 8.25. The stock has a market capitalization of $380.67 billion, a PE ratio of 37.92, a price-to-earnings-growth ratio of 2.45 and a beta of 1.02. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $146.59.

Oracle (NYSE:ORCL) last issued its quarterly earnings data 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 company had revenue of $14.29 billion for the quarter, compared to analyst estimates of $14.57 billion. Oracle had a return on equity of 223.01% and a net margin of 19.76%. The company’s revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the business earned $1.35 earnings per share. On average, equities analysts forecast that Oracle Co. will post 5.02 earnings per share for the current year.

Oracle Dividend Announcement

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

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.