Oracle Co. (NYSE:ORCL) Shares Sold by Everpar Advisors LLC

Everpar Advisors LLC lessened its stake in Oracle Co. (NYSE:ORCL) by 0.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,608 shares of the enterprise software provider’s stock after selling 106 shares during the period. Oracle accounts for about 0.9% of Everpar Advisors LLC’s holdings, making the stock its 25th biggest position. Everpar Advisors LLC’s holdings in Oracle were worth $1,623,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Rockland Trust Co. increased its position in Oracle by 4.8% during the 1st quarter. Rockland Trust Co. now owns 10,165 shares of the enterprise software provider’s stock worth $1,421,000 after purchasing an additional 467 shares during the period. Cornerstone Advisory LLC increased its position in Oracle by 34.1% during the 4th quarter. Cornerstone Advisory LLC now owns 12,968 shares of the enterprise software provider’s stock worth $2,258,000 after purchasing an additional 3,299 shares during the period. Peak Retirement Planning Inc. acquired a new position in Oracle during the 4th quarter worth approximately $211,000. Secure Asset Management LLC increased its position in Oracle by 21.8% during the 1st quarter. Secure Asset Management LLC now owns 13,235 shares of the enterprise software provider’s stock worth $1,850,000 after purchasing an additional 2,365 shares during the period. Finally, Union Bancaire Privee UBP SA acquired a new position in Oracle during the 4th quarter worth approximately $51,084,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Transactions at Oracle

In other news, Director Leon E. Panetta sold 17,500 shares of the company’s stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the completion of the sale, the director now directly owns 58,090 shares in the company, valued at $8,785,531.60. This represents a 23.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the company’s stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $190.42, for a total value of $76,168,000.00. Following the sale, the insider now owns 1,097,576 shares of the company’s stock, valued at approximately $209,000,421.92. The trade was a 26.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 427,366 shares of company stock worth $80,183,723 in the last ninety days. Insiders own 42.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Stephens initiated coverage on Oracle in a research report on Wednesday, March 19th. They set an “equal weight” rating and a $167.00 target price on the stock. Monness Crespi & Hardt raised Oracle from a “sell” rating to a “neutral” rating in a research note on Monday, March 3rd. Piper Sandler reissued a “neutral” rating and set a $130.00 price target on shares of Oracle in a research note on Wednesday. Jefferies Financial Group boosted their price target on Oracle from $190.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, June 9th. Finally, Wall Street Zen lowered Oracle from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Twelve equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $194.32.

Oracle Trading Up 7.8%

Shares of ORCL opened at $215.54 on Friday. The stock has a fifty day moving average of $152.88 and a two-hundred day moving average of $160.62. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market capitalization of $602.86 billion, a PE ratio of 52.70, a price-to-earnings-growth ratio of 3.46 and a beta of 1.32. Oracle Co. has a fifty-two week low of $118.86 and a fifty-two week high of $216.60.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.06. The company had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. Oracle’s revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.63 EPS. As a group, analysts forecast that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be issued a dividend of $0.50 per share. The ex-dividend date is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.93%. Oracle’s payout ratio is 46.08%.

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.