Ingalls & Snyder LLC Trims Holdings in Oracle Co. (NYSE:ORCL)

Ingalls & Snyder LLC lowered its position in Oracle Co. (NYSE:ORCL) by 7.7% during the second quarter, Holdings Channel.com reports. The institutional investor owned 57,133 shares of the enterprise software provider’s stock after selling 4,770 shares during the period. Ingalls & Snyder LLC’s holdings in Oracle were worth $8,067,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Westend Capital Management LLC acquired a new stake in shares of Oracle in the first quarter worth $25,000. Tidemark LLC acquired a new stake in Oracle during the 4th quarter worth about $29,000. Nordwand Advisors LLC purchased a new position in shares of Oracle during the 4th quarter valued at about $30,000. Frank Rimerman Advisors LLC acquired a new position in shares of Oracle in the 4th quarter valued at about $30,000. Finally, POM Investment Strategies LLC purchased a new stake in shares of Oracle in the second quarter worth about $30,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Transactions at Oracle

In related news, Director Leon E. Panetta sold 15,000 shares of the firm’s 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 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 is available through the SEC website. In other news, Director Jeffrey Berg sold 22,500 shares of the company’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $143.12, for a total value of $3,220,200.00. Following the transaction, the director now owns 210,712 shares of the company’s stock, valued at approximately $30,157,101.44. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Leon E. Panetta sold 15,000 shares of the stock in a transaction on 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 transaction, the director now owns 58,090 shares of the company’s stock, valued at $8,010,030.10. 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 quarter. Company insiders own 42.80% of the company’s stock.

Oracle Stock Performance

ORCL opened at $141.29 on Friday. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $146.59. The firm has a market capitalization of $389.38 billion, a PE ratio of 38.08, a PEG ratio of 2.55 and a beta of 1.02. 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 firm’s 50-day moving average price is $138.57 and its 200 day moving average price is $127.44.

Oracle (NYSE:ORCL) last issued its earnings results 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 company had revenue of $14.29 billion for the quarter, compared to analyst estimates of $14.57 billion. During the same quarter in the prior year, the firm earned $1.35 earnings per share. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, sell-side analysts expect that Oracle Co. will post 5.02 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend was Thursday, July 11th. Oracle’s dividend payout ratio (DPR) is presently 43.13%.

Analysts Set New Price Targets

Several brokerages recently weighed in on ORCL. JPMorgan Chase & Co. lifted their price target on Oracle from $105.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, June 12th. Bank of America lifted their target price on shares of Oracle from $144.00 to $155.00 and gave the company a “neutral” rating in a report on Wednesday, June 12th. 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 report on Wednesday, June 12th. TD Cowen lifted their price objective on shares of Oracle from $145.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, June 12th. Finally, KeyCorp upped their price objective on shares of Oracle from $150.00 to $165.00 and gave the stock an “overweight” 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 stock has an average rating of “Moderate Buy” and a consensus price target 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.