Smith Shellnut Wilson LLC ADV Sells 500 Shares of Oracle Co. (NYSE:ORCL)

Smith Shellnut Wilson LLC ADV decreased its holdings in Oracle Co. (NYSE:ORCL) by 0.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 65,325 shares of the enterprise software provider’s stock after selling 500 shares during the period. Oracle comprises approximately 4.5% of Smith Shellnut Wilson LLC ADV’s investment portfolio, making the stock its 6th biggest holding. Smith Shellnut Wilson LLC ADV’s holdings in Oracle were worth $9,224,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in ORCL. Norges Bank acquired a new position in Oracle in the 4th quarter valued at $1,210,181,000. Janus Henderson Group PLC increased its position in Oracle by 148.8% during the first quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock worth $1,616,855,000 after acquiring an additional 7,699,141 shares during the period. Boston Partners raised its stake in Oracle by 382.4% in the 4th quarter. Boston Partners now owns 4,563,366 shares of the enterprise software provider’s stock worth $481,820,000 after purchasing an additional 3,617,413 shares in the last quarter. Capital World Investors boosted its holdings in Oracle by 22.1% in the 4th quarter. Capital World Investors now owns 18,384,162 shares of the enterprise software provider’s stock valued at $1,938,242,000 after purchasing an additional 3,323,334 shares during the period. Finally, PineStone Asset Management Inc. increased its holdings in shares of Oracle by 131.2% during the second quarter. PineStone Asset Management Inc. now owns 3,911,201 shares of the enterprise software provider’s stock worth $552,262,000 after purchasing an additional 2,219,450 shares during the period. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Stock Down 0.3 %

Shares of ORCL stock traded down $0.42 on Tuesday, reaching $138.48. 3,778,124 shares of the company were exchanged, compared to its average volume of 8,104,249. Oracle Co. has a one year low of $99.26 and a one year high of $146.59. The company has a market cap of $381.63 billion, a price-to-earnings ratio of 37.33, a PEG ratio of 2.49 and a beta of 1.02. The company has a 50-day moving average of $138.90 and a 200-day moving average of $126.85. 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 (EPS) 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 firm had revenue of $14.29 billion during the quarter, compared to the consensus estimate of $14.57 billion. During the same quarter in the previous year, the company posted $1.35 EPS. The firm’s revenue was up 3.3% on a year-over-year basis. Analysts anticipate 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 issued a dividend of $0.40 per share. 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 currently 43.13%.

Insider Transactions at Oracle

In other Oracle news, Director Leon E. Panetta sold 15,000 shares of the firm’s stock in a transaction 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 directly owns 58,090 shares in the company, valued at approximately $8,010,030.10. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Oracle 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 transaction of $2,068,350.00. Following the transaction, the director now owns 58,090 shares of the company’s stock, valued at approximately $8,010,030.10. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jeffrey Berg sold 22,500 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $143.12, for a total value of $3,220,200.00. Following the completion of the transaction, the director now directly owns 210,712 shares of the company’s stock, valued at $30,157,101.44. 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 over the last ninety days. 42.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price target on Oracle from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, June 12th. Citigroup dropped their price target on Oracle from $133.00 to $128.00 and set a “neutral” rating for the company in a research note on Monday, June 10th. StockNews.com cut shares of Oracle from a “buy” rating to a “hold” rating in a research report on Thursday, June 6th. Evercore ISI raised their target price on shares of Oracle from $145.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, June 12th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $150.00 price target on shares of Oracle in a report on Friday, July 12th. Fourteen research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $145.83.

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.