SYSTM Wealth Solutions LLC Cuts Position in Oracle Co. (NYSE:ORCL)

SYSTM Wealth Solutions LLC reduced its position in shares of Oracle Co. (NYSE:ORCL) by 39.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,778 shares of the enterprise software provider’s stock after selling 14,396 shares during the period. SYSTM Wealth Solutions LLC’s holdings in Oracle were worth $3,075,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of ORCL. Janus Henderson Group PLC boosted its holdings in Oracle by 148.8% during 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 acquiring an additional 7,699,141 shares during the period. Capital World Investors boosted its stake in shares of Oracle by 22.1% in the fourth quarter. Capital World Investors now owns 18,384,162 shares of the enterprise software provider’s stock valued at $1,938,242,000 after purchasing an additional 3,323,334 shares during the period. PineStone Asset Management Inc. grew its holdings in shares of Oracle by 131.2% in the second quarter. PineStone Asset Management Inc. now owns 3,911,201 shares of the enterprise software provider’s stock valued at $552,262,000 after purchasing an additional 2,219,450 shares in the last quarter. Parnassus Investments LLC increased its stake in Oracle by 17.7% during the 4th quarter. Parnassus Investments LLC now owns 14,599,902 shares of the enterprise software provider’s stock worth $1,539,268,000 after buying an additional 2,191,342 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Oracle by 97.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,242,647 shares of the enterprise software provider’s stock worth $532,920,000 after buying an additional 2,093,893 shares in the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Jeffrey Berg sold 22,500 shares of the firm’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $143.12, for a total value of $3,220,200.00. Following the completion of the sale, the director now owns 210,712 shares in the company, valued at $30,157,101.44. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the transaction, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jeffrey Berg sold 22,500 shares of the firm’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $143.12, for a total transaction of $3,220,200.00. Following the completion of the sale, the director now owns 210,712 shares of the company’s stock, valued at approximately $30,157,101.44. The disclosure for this sale can be found here. Insiders have sold a total of 1,868,820 shares of company stock valued at $267,819,424 over the last quarter. Corporate insiders own 42.80% of the company’s stock.

Oracle Stock Performance

NYSE ORCL opened at $167.47 on Wednesday. The business’s 50-day moving average price is $140.89 and its 200 day moving average price is $130.95. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The firm has a market cap of $464.05 billion, a P/E ratio of 45.14, a P/E/G ratio of 2.95 and a beta of 1.01. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $173.99.

Oracle (NYSE:ORCL) last released its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The business had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. During the same quarter in the previous year, the company posted $0.95 earnings per share. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, equities research analysts expect that Oracle Co. will post 5.06 earnings per share for the current year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend is Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is presently 43.13%.

Analysts Set New Price Targets

Several brokerages have weighed in on ORCL. Argus upped their price target on Oracle from $145.00 to $159.00 and gave the stock a “buy” rating in a report on Tuesday, June 18th. KeyCorp upped their target price on shares of Oracle from $165.00 to $175.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. JPMorgan Chase & Co. raised their target price on shares of Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Bank of America increased their price objective on shares of Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. Finally, Melius Research raised shares of Oracle from a “hold” rating to a “buy” rating in a research report on Monday. Eleven research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and an average price target of $163.88.

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.