Dover Advisors LLC Sells 120 Shares of Oracle Co. (NYSE:ORCL)

Dover Advisors LLC reduced its holdings in shares of Oracle Co. (NYSE:ORCL) by 1.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,024 shares of the enterprise software provider’s stock after selling 120 shares during the quarter. Dover Advisors LLC’s holdings in Oracle were worth $1,367,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Janus Henderson Group PLC raised its stake in shares of 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 purchasing an additional 7,699,141 shares during the period. PineStone Asset Management Inc. boosted its position 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 acquiring an additional 2,219,450 shares during the period. Price T Rowe Associates Inc. MD increased 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 acquiring an additional 2,093,893 shares during the period. Altshuler Shaham Ltd boosted its holdings in Oracle by 5,853.1% in the 2nd quarter. Altshuler Shaham Ltd now owns 1,552,580 shares of the enterprise software provider’s stock valued at $219,224,000 after purchasing an additional 1,526,500 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Oracle by 1.0% during 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 in the last quarter. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Performance

Shares of ORCL traded down $2.02 on Tuesday, reaching $174.10. The company’s stock had a trading volume of 5,846,770 shares, compared to its average volume of 8,503,258. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $178.61. The stock has a market capitalization of $479.80 billion, a P/E ratio of 47.04, a PEG ratio of 3.29 and a beta of 1.01. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. The stock’s 50 day simple moving average is $152.60 and its two-hundred day simple moving average is $137.28.

Oracle (NYSE:ORCL) last issued its quarterly earnings data 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. The firm had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.95 EPS. Research analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.92%. The ex-dividend date is Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is presently 43.13%.

Analysts Set New Price Targets

Several research firms have weighed in on ORCL. Oppenheimer reaffirmed a “market perform” rating on shares of Oracle in a report on Tuesday, September 10th. Melius Research upgraded Oracle from a “hold” rating to a “buy” rating in a research report on Monday, September 16th. Melius raised Oracle from a “hold” rating to a “buy” rating and set a $210.00 target price for the company in a research note on Monday, September 16th. Mizuho boosted their price objective on shares of Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Finally, BMO Capital Markets upped their price target on shares of Oracle from $160.00 to $173.00 and gave the company a “market perform” rating in a research report on Tuesday, September 10th. Ten research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and an average target price of $167.42.

Insider Buying and Selling

In other news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the transaction, the executive vice president now owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Oracle news, Director Leon E. Panetta sold 15,000 shares of Oracle stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $137.89, for a total value of $2,068,350.00. Following the sale, the director now owns 58,090 shares of the company’s stock, valued at $8,010,030.10. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Maria Smith sold 6,320 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the transaction, the executive vice president now owns 42,889 shares of the company’s stock, valued at $7,076,685. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 42.80% of the stock is owned by 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.