Bailard Inc. Sells 957 Shares of Oracle Co. (NYSE:ORCL)

Bailard Inc. reduced its holdings in shares of Oracle Co. (NYSE:ORCL) by 1.2% in the second quarter, according to its most recent filing with the SEC. The fund owned 76,173 shares of the enterprise software provider’s stock after selling 957 shares during the period. Bailard Inc.’s holdings in Oracle were worth $10,756,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Westend Capital Management LLC purchased a new position in shares of Oracle during the first quarter worth approximately $25,000. POM Investment Strategies LLC bought a new position in Oracle in the second quarter worth approximately $30,000. Bbjs Financial Advisors LLC purchased a new position in Oracle during the 2nd quarter worth $35,000. Tidemark LLC bought a new stake in Oracle during the 4th quarter valued at $29,000. Finally, Frank Rimerman Advisors LLC purchased a new stake in shares of Oracle in the 4th quarter worth $30,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Stock Performance

Shares of NYSE ORCL traded down $0.26 during midday trading on Monday, reaching $138.93. The company had a trading volume of 2,728,478 shares, compared to its average volume of 8,130,044. The stock has a market cap of $382.87 billion, a P/E ratio of 37.45, a P/E/G ratio of 2.49 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. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $146.59. The business’s 50-day simple moving average is $138.90 and its 200 day simple moving average is $126.85.

Oracle (NYSE:ORCL) last issued its earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share (EPS) 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 analysts’ expectations 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 last year, the business earned $1.35 EPS. On average, analysts forecast that Oracle Co. will post 5.02 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Thursday, July 11th were given a $0.40 dividend. The ex-dividend date of this dividend was Thursday, July 11th. This represents a $1.60 dividend on an annualized basis and a yield of 1.15%. Oracle’s dividend payout ratio is currently 43.13%.

Analyst Ratings Changes

Several analysts recently weighed in on ORCL shares. Sanford C. Bernstein lifted their price objective on Oracle from $159.00 to $171.00 and gave the company an “outperform” rating in a report on Wednesday, June 12th. Argus boosted their price target on shares of Oracle from $145.00 to $159.00 and gave the company a “buy” rating in a report on Tuesday, June 18th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Oracle from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, June 17th. Mizuho lifted their price objective on shares of Oracle from $160.00 to $170.00 and gave the company a “buy” rating in a report on Monday, June 17th. Finally, Bank of America upped their target price on Oracle from $144.00 to $155.00 and gave the stock a “neutral” rating in a report on Wednesday, June 12th. Fourteen analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and a consensus price target of $145.83.

Insider Buying and Selling

In other Oracle news, insider Edward Screven sold 235,918 shares of Oracle stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the completion of the sale, the insider now directly owns 2,626,764 shares in the company, valued at approximately $379,042,045.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Oracle news, insider Edward Screven sold 235,918 shares of Oracle stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the completion of the transaction, the insider now owns 2,626,764 shares in the company, valued at approximately $379,042,045.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, 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 quarter, insiders have sold 1,862,500 shares of company stock worth $266,776,624. 42.80% of the stock is owned by company insiders.

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.