ST Germain D J Co. Inc. Sells 108,631 Shares of Oracle Co. (NYSE:ORCL)

ST Germain D J Co. Inc. lessened its stake in shares of Oracle Co. (NYSE:ORCL) by 81.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 24,209 shares of the enterprise software provider’s stock after selling 108,631 shares during the quarter. ST Germain D J Co. Inc.’s holdings in Oracle were worth $4,125,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fairway Wealth LLC bought a new stake in shares of Oracle in the second quarter worth $27,000. Westend Capital Management LLC bought a new stake in shares of Oracle in the first quarter worth $25,000. POM Investment Strategies LLC bought a new stake in shares of Oracle in the second quarter worth $30,000. Bbjs Financial Advisors LLC bought a new stake in shares of Oracle in the second quarter worth $35,000. Finally, Quest Partners LLC acquired a new position in Oracle in the second quarter valued at $40,000. Institutional investors own 42.44% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Piper Sandler boosted their target price on shares of Oracle from $150.00 to $175.00 and gave the company an “overweight” rating in a report on Tuesday, September 10th. TD Cowen boosted their target price on shares of Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Sanford C. Bernstein upped their price objective on shares of Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a report on Monday, September 30th. UBS Group reiterated a “market outperform” rating on shares of Oracle in a report on Friday. Finally, Oppenheimer reiterated a “market perform” rating on shares of Oracle in a report on Tuesday, September 10th. Ten research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $168.67.

Oracle Stock Down 0.6 %

ORCL stock traded down $0.99 during trading on Friday, reaching $174.69. The stock had a trading volume of 5,001,257 shares, compared to its average volume of 8,042,321. Oracle Co. has a one year low of $99.26 and a one year high of $178.61. 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 company’s 50 day moving average is $156.29 and its two-hundred day moving average is $138.49. The company has a market capitalization of $484.08 billion, a price-to-earnings ratio of 45.03, a P/E/G ratio of 3.25 and a beta of 1.01.

Oracle (NYSE:ORCL) last released its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The firm had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. During the same period in the prior year, the firm earned $0.95 EPS. The company’s revenue was up 6.9% compared to the same quarter last year. Equities research analysts forecast that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend is Thursday, October 10th. Oracle’s dividend payout ratio is currently 41.24%.

Insider Activity

In other news, 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 transaction of $1,042,800.00. Following the completion of the transaction, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at $7,076,685. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 42.20% of the company’s stock.

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.