Oracle Co. (NYSE:ORCL) Shares Sold by Insight Wealth Partners LLC

Insight Wealth Partners LLC trimmed its position in shares of Oracle Co. (NYSE:ORCL) by 31.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,212 shares of the enterprise software provider’s stock after selling 564 shares during the quarter. Insight Wealth Partners LLC’s holdings in Oracle were worth $207,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. PineStone Asset Management Inc. lifted its position in Oracle by 131.2% during the second quarter. PineStone Asset Management Inc. now owns 3,911,201 shares of the enterprise software provider’s stock worth $552,262,000 after buying an additional 2,219,450 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of Oracle by 16,023.4% in the 3rd quarter. International Assets Investment Management LLC now owns 2,065,083 shares of the enterprise software provider’s stock worth $351,890,000 after acquiring an additional 2,052,275 shares during the last quarter. Altshuler Shaham Ltd raised its holdings in shares of Oracle by 5,853.1% during the 2nd quarter. Altshuler Shaham Ltd now owns 1,552,580 shares of the enterprise software provider’s stock worth $219,224,000 after acquiring an additional 1,526,500 shares during the period. Boston Partners boosted its position in shares of Oracle by 32.3% during the 1st quarter. Boston Partners now owns 6,037,100 shares of the enterprise software provider’s stock valued at $756,100,000 after acquiring an additional 1,473,734 shares during the last quarter. Finally, Swedbank AB increased its position in Oracle by 123.7% during the second quarter. Swedbank AB now owns 2,645,920 shares of the enterprise software provider’s stock worth $373,604,000 after purchasing an additional 1,462,978 shares during the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on ORCL shares. Jefferies Financial Group boosted their target price on shares of Oracle from $170.00 to $190.00 and gave the company a “buy” rating in a report on Monday, September 16th. Evercore ISI increased their price objective on Oracle from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Oppenheimer restated a “market perform” rating on shares of Oracle in a research report on Tuesday, September 10th. JMP Securities increased their price target on Oracle from $175.00 to $205.00 and gave the stock a “market outperform” rating in a report on Friday, October 18th. Finally, Stifel Nicolaus boosted their price objective on shares of Oracle from $135.00 to $155.00 and gave the company a “hold” rating in a report on Tuesday, September 10th. Eleven equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $169.52.

Insider Activity at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at $7,076,685. This represents a 12.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 42.20% of the stock is currently owned by corporate insiders.

Oracle Trading Up 1.3 %

Shares of NYSE:ORCL opened at $190.36 on Wednesday. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $196.04. The company’s 50 day moving average is $176.44 and its two-hundred day moving average is $150.66. The company has a market cap of $527.49 billion, a PE ratio of 49.06, a P/E/G ratio of 3.46 and a beta of 1.02. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, beating the consensus estimate of $1.33 by $0.06. The firm had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. Oracle’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.95 earnings per share. Equities analysts predict 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 was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle’s payout ratio is 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.