QS Investors LLC lessened its holdings in shares of Oracle Co. (NYSE:ORCL) by 44.5% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 33,507 shares of the enterprise software provider’s stock after selling 26,857 shares during the quarter. QS Investors LLC’s holdings in Oracle were worth $2,609,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also bought and sold shares of the company. Baldrige Asset Management LLC purchased a new position in Oracle in the 2nd quarter worth approximately $28,000. Financial Insights Inc. purchased a new position in Oracle in the 2nd quarter worth approximately $28,000. Samalin Investment Counsel LLC purchased a new position in shares of Oracle during the 2nd quarter valued at approximately $28,000. Cowen Prime Advisors LLC purchased a new position in shares of Oracle during the 2nd quarter valued at approximately $31,000. Finally, tru Independence LLC purchased a new position in shares of Oracle during the 2nd quarter valued at approximately $37,000. 44.47% of the stock is owned by hedge funds and other institutional investors.
Shares of ORCL stock opened at $96.40 on Thursday. The stock has a 50-day simple moving average of $89.80 and a 200 day simple moving average of $83.59. Oracle Co. has a fifty-two week low of $55.14 and a fifty-two week high of $96.99. The stock has a market capitalization of $263.96 billion, a P/E ratio of 21.09, a P/E/G ratio of 2.53 and a beta of 0.80. The company has a quick ratio of 2.30, a current ratio of 2.30 and a debt-to-equity ratio of 12.77.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 26th. Investors of record on Tuesday, October 12th will be given a $0.32 dividend. The ex-dividend date is Friday, October 8th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.33%. Oracle’s dividend payout ratio (DPR) is 30.77%.
In other Oracle news, EVP Dorian Daley sold 175,000 shares of the firm’s stock in a transaction dated Monday, September 27th. The stock was sold at an average price of $90.58, for a total transaction of $15,851,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman Jeffrey Henley sold 156,635 shares of the firm’s stock in a transaction dated Monday, September 27th. The stock was sold at an average price of $90.03, for a total value of $14,101,849.05. The disclosure for this sale can be found here. Insiders sold a total of 502,376 shares of company stock valued at $45,247,196 in the last quarter. 39.10% of the stock is currently owned by corporate insiders.
Several equities analysts have recently commented on ORCL shares. Monness Crespi & Hardt increased their target price on Oracle to $115.00 and gave the company a “buy” rating in a research note on Tuesday, September 14th. The Goldman Sachs Group increased their target price on Oracle from $60.00 to $66.00 and gave the company a “sell” rating in a research note on Tuesday, September 14th. BMO Capital Markets increased their target price on Oracle from $88.00 to $100.00 and gave the company a “market perform” rating in a research note on Tuesday, September 14th. They noted that the move was a valuation call. Morgan Stanley raised their price objective on Oracle from $77.00 to $87.00 and gave the stock an “equal weight” rating in a research note on Monday, September 20th. Finally, DZ Bank cut Oracle from a “hold” rating to a “sell” rating and set a $82.00 price objective on the stock. in a research note on Tuesday, August 10th. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $81.44.
Oracle Corp. engages in the provision of products and services that address all aspects of corporate information technology environments. It operates through the following business segments: Cloud and License, Hardware, and Services. The Cloud and License segment markets, sells, and delivers applications, platform, and infrastructure technologies.
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