Oracle Co. (NYSE:ORCL) Shares Sold by Schwarz Dygos Wheeler Investment Advisors LLC

Schwarz Dygos Wheeler Investment Advisors LLC reduced its holdings in shares of Oracle Co. (NYSE:ORCL) by 1.4% in the 2nd quarter, HoldingsChannel reports. The fund owned 6,329 shares of the enterprise software provider’s stock after selling 87 shares during the quarter. Schwarz Dygos Wheeler Investment Advisors LLC’s holdings in Oracle were worth $894,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in ORCL. Vanguard Group Inc. lifted its holdings in shares of Oracle by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 151,213,890 shares of the enterprise software provider’s stock valued at $18,993,977,000 after purchasing an additional 1,514,569 shares during the last quarter. Capital World Investors lifted its holdings in shares of Oracle by 0.4% in the 1st quarter. Capital World Investors now owns 18,466,713 shares of the enterprise software provider’s stock valued at $2,319,604,000 after purchasing an additional 82,551 shares during the last quarter. Parnassus Investments LLC lifted its holdings in shares of Oracle by 17.7% in the 4th quarter. Parnassus Investments LLC now owns 14,599,902 shares of the enterprise software provider’s stock valued at $1,539,268,000 after purchasing an additional 2,191,342 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Oracle by 148.8% in the 1st quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock valued at $1,616,855,000 after purchasing an additional 7,699,141 shares during the last quarter. Finally, Putnam Investments LLC lifted its holdings in shares of Oracle by 6.0% in the 4th quarter. Putnam Investments LLC now owns 12,339,385 shares of the enterprise software provider’s stock valued at $1,300,941,000 after purchasing an additional 697,961 shares during the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ORCL has been the subject of several research reports. TD Cowen boosted their target price on Oracle from $145.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, June 12th. Stifel Nicolaus boosted their target price on Oracle from $120.00 to $135.00 and gave the company a “hold” rating in a report on Wednesday, June 12th. Mizuho upped their price objective on Oracle from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, June 17th. Piper Sandler reaffirmed an “overweight” rating and set a $150.00 price objective on shares of Oracle in a research note on Friday, July 12th. Finally, UBS Group upped their price objective on Oracle from $150.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. Fourteen equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $145.83.

Oracle Price Performance

Shares of ORCL traded down $1.00 on Wednesday, reaching $138.50. The stock had a trading volume of 425,040 shares, compared to its average volume of 8,000,288. The firm has a market capitalization of $381.69 billion, a PE ratio of 37.26, a PEG ratio of 2.55 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. The firm has a 50-day moving average of $138.61 and a 200 day moving average of $127.93. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $146.59.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). The firm had revenue of $14.29 billion during 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 business’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.35 EPS. Sell-side analysts expect that Oracle Co. will post 5.02 EPS for the current year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Thursday, July 11th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend was Thursday, July 11th. Oracle’s dividend payout ratio is currently 43.13%.

Insider Buying and Selling

In other Oracle news, 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 transaction of $2,068,350.00. Following the sale, the director now owns 58,090 shares in the company, valued at approximately $8,010,030.10. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Oracle news, 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 transaction of $2,068,350.00. Following the sale, the director now owns 58,090 shares in the company, valued at approximately $8,010,030.10. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the 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 sale, the chairman now owns 1,145,732,353 shares in the company, 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 quarter. Company insiders own 42.80% of the company’s stock.

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.