Oracle Co. (NYSE:ORCL) Shares Sold by Blue Fin Capital Inc.

Blue Fin Capital Inc. lowered its stake in Oracle Co. (NYSE:ORCL) by 4.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,206 shares of the enterprise software provider’s stock after selling 95 shares during the quarter. Blue Fin Capital Inc.’s holdings in Oracle were worth $311,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Rothschild Investment LLC acquired a new stake in Oracle in the second quarter worth approximately $12,539,000. Abacus Planning Group Inc. lifted its holdings in shares of Oracle by 17.3% in the second quarter. Abacus Planning Group Inc. now owns 10,649 shares of the enterprise software provider’s stock valued at $1,504,000 after buying an additional 1,568 shares during the period. Holistic Financial Partners boosted its stake in Oracle by 10.9% during the second quarter. Holistic Financial Partners now owns 3,389 shares of the enterprise software provider’s stock valued at $479,000 after buying an additional 332 shares in the last quarter. Canal Capital Management LLC acquired a new position in Oracle during the second quarter worth about $227,000. Finally, WP Advisors LLC raised its position in Oracle by 500.6% in the second quarter. WP Advisors LLC now owns 18,065 shares of the enterprise software provider’s stock worth $2,551,000 after acquiring an additional 15,057 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Oracle Price Performance

ORCL opened at $141.29 on Friday. The stock has a fifty day moving average price of $138.57 and a 200 day moving average price of $127.34. 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 1 year low of $99.26 and a 1 year high of $146.59. The stock has a market cap of $389.38 billion, a price-to-earnings ratio of 38.08, a PEG ratio of 2.55 and a beta of 1.02.

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 net margin of 19.76% and a return on equity of 223.01%. The firm 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 firm’s quarterly revenue was up 3.3% compared to the same quarter last year. Analysts forecast that Oracle Co. will post 5.02 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th were paid a dividend of $0.40 per share. The ex-dividend date was Thursday, July 11th. This represents a $1.60 annualized dividend and a dividend yield of 1.13%. Oracle’s dividend payout ratio (DPR) is 43.13%.

Wall Street Analyst Weigh In

ORCL has been the topic of several recent research reports. Mizuho lifted their price objective on shares of Oracle from $160.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, June 17th. TD Cowen lifted their price target on shares of Oracle from $145.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, June 12th. KeyCorp upped their price target on Oracle from $150.00 to $165.00 and gave the company an “overweight” rating in a report on Wednesday, June 12th. Stifel Nicolaus raised their price objective on Oracle from $120.00 to $135.00 and gave the stock a “hold” rating in a research note on Wednesday, June 12th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $125.00 target price on shares of Oracle in a research report on Tuesday, June 25th. Fourteen investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $145.83.

Insider Activity

In related news, Director Leon E. Panetta sold 15,000 shares of the company’s stock in a transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Leon E. Panetta sold 15,000 shares of the firm’s stock in a transaction that occurred 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 directly owns 58,090 shares of the company’s stock, valued at approximately $8,010,030.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $143.69, for a total value of $161,651,250.00. Following the sale, 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. In the last 90 days, insiders have sold 1,862,500 shares of company stock worth $266,776,624. 42.80% of the stock is owned by corporate insiders.

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.