Mill Creek Capital Advisors LLC Decreases Position in Oracle Co. (NYSE:ORCL)

Mill Creek Capital Advisors LLC lessened its stake in Oracle Co. (NYSE:ORCL) by 17.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,707 shares of the enterprise software provider’s stock after selling 1,183 shares during the quarter. Mill Creek Capital Advisors LLC’s holdings in Oracle were worth $972,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Fairway Wealth LLC purchased a new position in shares of Oracle during the 2nd quarter valued at $27,000. POM Investment Strategies LLC bought a new stake in Oracle in the 2nd quarter valued at about $30,000. Bbjs Financial Advisors LLC purchased a new stake in Oracle during the second quarter valued at about $35,000. Koesten Hirschmann & Crabtree INC. bought a new position in Oracle during the first quarter worth about $38,000. Finally, Quest Partners LLC purchased a new position in shares of Oracle in the second quarter worth about $40,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Trading Down 1.8 %

Shares of ORCL stock opened at $183.74 on Friday. 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 firm has a market cap of $509.15 billion, a P/E ratio of 47.36, a price-to-earnings-growth ratio of 3.39 and a beta of 1.02. The business has a 50-day moving average price of $172.14 and a two-hundred day moving average price of $146.83. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $191.77.

Oracle (NYSE:ORCL) last issued its earnings results 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 business had revenue of $13.31 billion during 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.95 earnings per share. Equities analysts anticipate that Oracle Co. will post 5 EPS 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 given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date was Thursday, October 10th. Oracle’s payout ratio is presently 41.24%.

Insider Buying and Selling at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at $7,076,685. The trade was a 12.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 42.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ORCL. Evercore ISI upped their price target on shares of Oracle from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. JPMorgan Chase & Co. increased their target price on Oracle from $110.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. DA Davidson raised their price target on Oracle from $105.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. TD Cowen boosted their price objective on Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Finally, Stifel Nicolaus raised their target price on Oracle from $135.00 to $155.00 and gave the stock a “hold” rating in a research note on Tuesday, September 10th. Eleven equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $169.52.

Oracle 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.