Ingalls & Snyder LLC Reduces Stock Position in Oracle Co. (NYSE:ORCL)

Ingalls & Snyder LLC decreased its holdings in Oracle Co. (NYSE:ORCL) by 2.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,757 shares of the enterprise software provider’s stock after selling 1,376 shares during the quarter. Ingalls & Snyder LLC’s holdings in Oracle were worth $9,501,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ORCL. Park Avenue Securities LLC grew its holdings in Oracle by 5.3% in the 2nd quarter. Park Avenue Securities LLC now owns 23,248 shares of the enterprise software provider’s stock valued at $3,283,000 after buying an additional 1,177 shares during the period. Apella Capital LLC grew its holdings in Oracle by 36.3% in the 2nd quarter. Apella Capital LLC now owns 6,572 shares of the enterprise software provider’s stock valued at $924,000 after buying an additional 1,749 shares during the period. Hilltop National Bank grew its holdings in shares of Oracle by 2,688.9% during the 2nd quarter. Hilltop National Bank now owns 502 shares of the enterprise software provider’s stock worth $71,000 after purchasing an additional 484 shares during the period. Albion Financial Group UT grew its holdings in shares of Oracle by 0.3% during the 2nd quarter. Albion Financial Group UT now owns 161,005 shares of the enterprise software provider’s stock worth $22,734,000 after purchasing an additional 544 shares during the period. Finally, RDA Financial Network grew its holdings in shares of Oracle by 10.0% during the 2nd quarter. RDA Financial Network now owns 17,062 shares of the enterprise software provider’s stock worth $2,409,000 after purchasing an additional 1,552 shares during the period. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling

In other news, EVP Maria Smith sold 6,320 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the transaction, the executive vice president now owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. This represents a 12.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 42.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Citigroup boosted their target price on Oracle from $140.00 to $157.00 and gave the stock a “neutral” rating in a report on Wednesday, September 11th. Evercore ISI boosted their target price on Oracle from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. UBS Group reiterated a “market outperform” rating on shares of Oracle in a report on Friday, October 18th. JMP Securities boosted their price target on Oracle from $175.00 to $205.00 and gave the stock a “market outperform” rating in a research report on Friday, October 18th. Finally, Barclays boosted their price target on Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. Eleven investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $169.52.

Oracle Stock Performance

Shares of NYSE ORCL traded up $0.50 during trading on Tuesday, reaching $181.91. The stock had a trading volume of 1,628,810 shares, compared to its average volume of 8,219,071. Oracle Co. has a one year low of $99.26 and a one year high of $196.04. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a market cap of $504.08 billion, a PE ratio of 46.76, a P/E/G ratio of 3.41 and a beta of 1.03. The firm’s 50 day moving average price is $177.45 and its two-hundred day moving average price is $152.01.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. The firm had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm’s revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.95 EPS. On average, research analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.88%. Oracle’s payout ratio is currently 41.24%.

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.