Oracle Co. (NYSE:ORCL) Holdings Decreased by Lowe Brockenbrough & Co. Inc.

Lowe Brockenbrough & Co. Inc. trimmed its holdings in Oracle Co. (NYSE:ORCL) by 5.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 179,709 shares of the enterprise software provider’s stock after selling 10,978 shares during the quarter. Oracle comprises about 2.0% of Lowe Brockenbrough & Co. Inc.’s investment portfolio, making the stock its 8th biggest holding. Lowe Brockenbrough & Co. Inc.’s holdings in Oracle were worth $30,622,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Fairway Wealth LLC bought a new stake in Oracle in the second quarter worth $27,000. POM Investment Strategies LLC purchased a new position in shares of Oracle in the 2nd quarter worth about $30,000. Bbjs Financial Advisors LLC bought a new position in Oracle in the 2nd quarter worth about $35,000. Reston Wealth Management LLC purchased a new stake in Oracle during the 3rd quarter valued at about $44,000. Finally, Quest Partners LLC bought a new stake in Oracle during the 2nd quarter valued at about $40,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ORCL has been the topic of several analyst reports. Melius Research upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. Jefferies Financial Group upped their price objective on Oracle from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Monday, September 16th. StockNews.com downgraded Oracle from a “buy” rating to a “hold” rating in a research note on Friday, October 25th. Oppenheimer restated a “market perform” rating on shares of Oracle in a research note on Tuesday, September 10th. Finally, DA Davidson increased their price objective on Oracle from $105.00 to $140.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. Twelve investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $168.52.

Insider Activity

In related news, EVP Maria Smith sold 6,320 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the sale, the executive vice president now owns 42,889 shares in the company, valued at approximately $7,076,685. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 42.20% of the company’s stock.

Oracle Stock Up 1.3 %

ORCL stock opened at $170.02 on Friday. The business’s 50-day moving average price is $163.43 and its 200-day moving average price is $141.93. The stock has a market cap of $471.14 billion, a P/E ratio of 43.82, a PEG ratio of 3.22 and a beta of 1.01. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $178.61.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.06. The business had revenue of $13.31 billion for 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.95 earnings per share. On average, equities research analysts forecast that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.94%. Oracle’s dividend payout ratio is presently 41.24%.

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.