JNBA Financial Advisors Sells 954 Shares of Oracle Co. (NYSE:ORCL)

JNBA Financial Advisors lessened its stake in shares of Oracle Co. (NYSE:ORCL) by 13.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,167 shares of the enterprise software provider’s stock after selling 954 shares during the period. JNBA Financial Advisors’ holdings in Oracle were worth $1,051,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Fairway Wealth LLC bought a new position in Oracle in the 2nd quarter worth $27,000. POM Investment Strategies LLC bought a new position in shares of Oracle during the second quarter worth $30,000. Bbjs Financial Advisors LLC purchased a new position in shares of Oracle during the second quarter valued at about $35,000. Reston Wealth Management LLC bought a new position in Oracle during the third quarter valued at $44,000. Finally, Quest Partners LLC purchased a new position in Oracle in the second quarter worth about $40,000. 42.44% of the stock is currently owned by institutional investors.

Insider Activity at Oracle

In other Oracle 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 sale, the executive vice president now owns 42,889 shares of the company’s stock, valued at $7,076,685. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 42.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ORCL. BMO Capital Markets upped their price objective on Oracle from $160.00 to $173.00 and gave the company a “market perform” rating in a research report on Tuesday, September 10th. Guggenheim lifted their target price on Oracle from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, September 13th. Evercore ISI increased their price objective on Oracle from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Melius upgraded shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 price target on the stock in a research note on Monday, September 16th. Finally, TD Cowen upped their target price on Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. Eleven investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $168.52.

Oracle Price Performance

Shares of Oracle stock traded up $8.05 during trading on Wednesday, hitting $179.83. The stock had a trading volume of 3,844,375 shares, compared to its average volume of 8,252,319. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $181.63. 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 firm has a market cap of $498.32 billion, a P/E ratio of 46.60, a PEG ratio of 3.13 and a beta of 1.02. The business has a fifty day moving average of $164.71 and a two-hundred day moving average of $143.02.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.06. The firm had revenue of $13.31 billion for the quarter, compared to the consensus estimate of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The business’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 company earned $0.95 EPS. On average, sell-side analysts expect that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently announced 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 was Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.89%. Oracle’s dividend payout ratio (DPR) is currently 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.