Moors & Cabot Inc. Reduces Stock Position in Oracle Co. (NYSE:ORCL)

Moors & Cabot Inc. decreased its position in Oracle Co. (NYSE:ORCL) by 4.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,468 shares of the enterprise software provider’s stock after selling 1,606 shares during the quarter. Moors & Cabot Inc.’s holdings in Oracle were worth $5,432,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of ORCL. Westend Capital Management LLC bought a new position in shares of Oracle during the first quarter valued at approximately $25,000. Tidemark LLC purchased a new position in Oracle during the 4th quarter valued at $29,000. Frank Rimerman Advisors LLC bought a new position in Oracle in the 4th quarter worth $30,000. POM Investment Strategies LLC purchased a new stake in shares of Oracle in the 2nd quarter worth about $30,000. Finally, Bbjs Financial Advisors LLC bought a new stake in shares of Oracle during the 2nd quarter valued at about $35,000. 42.44% of the stock is owned by institutional investors.

Oracle Stock Up 5.1 %

ORCL opened at $170.37 on Tuesday. The stock has a market capitalization of $472.09 billion, a price-to-earnings ratio of 45.92, a PEG ratio of 2.95 and a beta of 1.01. The firm has a 50 day moving average price of $140.35 and a 200-day moving average price of $130.57. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $173.99. 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 (NYSE:ORCL) last posted 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. The company 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%. Oracle’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.95 earnings per share. Equities research analysts forecast that Oracle Co. will post 5.06 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.94%. Oracle’s dividend payout ratio (DPR) is 43.13%.

Insider Buying and Selling at Oracle

In other news, Director Jeffrey Berg sold 22,500 shares of the business’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $143.12, for a total transaction of $3,220,200.00. Following the completion of the sale, the director now owns 210,712 shares of the company’s stock, valued at approximately $30,157,101.44. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Oracle news, Director Jeffrey Berg sold 22,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $143.12, for a total transaction of $3,220,200.00. Following the sale, the director now owns 210,712 shares in the company, valued at approximately $30,157,101.44. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Edward Screven sold 235,918 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the completion of the transaction, the insider now owns 2,626,764 shares of the company’s stock, valued at $379,042,045.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,862,500 shares of company stock valued at $266,776,624. Insiders own 42.80% of the company’s stock.

Wall Street Analysts Forecast Growth

ORCL has been the topic of several research reports. DA Davidson lifted 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. Melius Research upgraded Oracle from a “hold” rating to a “buy” rating in a research report on Monday. Barclays upped their price target on Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. JPMorgan Chase & Co. raised their price objective on Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Finally, Stifel Nicolaus upped their target price on shares of Oracle from $135.00 to $155.00 and gave the stock a “hold” rating in a research report on Tuesday, September 10th. Eleven research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat, Oracle has a consensus rating of “Moderate Buy” and a consensus target price of $163.88.

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.