Gradient Investments LLC Sells 6,613 Shares of Oracle Corporation $ORCL

Gradient Investments LLC decreased its stake in Oracle Corporation (NYSE:ORCL) by 8.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 70,122 shares of the enterprise software provider’s stock after selling 6,613 shares during the period. Gradient Investments LLC’s holdings in Oracle were worth $19,721,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Snider Financial Group increased its position in Oracle by 1.3% during the 2nd quarter. Snider Financial Group now owns 3,204 shares of the enterprise software provider’s stock valued at $701,000 after purchasing an additional 40 shares during the period. SNS Financial Group LLC boosted its position in shares of Oracle by 0.9% during the 2nd quarter. SNS Financial Group LLC now owns 4,896 shares of the enterprise software provider’s stock worth $1,070,000 after purchasing an additional 42 shares in the last quarter. PKS Advisory Services LLC boosted its position in shares of Oracle by 1.9% during the 2nd quarter. PKS Advisory Services LLC now owns 2,211 shares of the enterprise software provider’s stock worth $483,000 after purchasing an additional 42 shares in the last quarter. Reyes Financial Architecture Inc. grew its stake in shares of Oracle by 7.2% in the 2nd quarter. Reyes Financial Architecture Inc. now owns 643 shares of the enterprise software provider’s stock valued at $141,000 after buying an additional 43 shares during the period. Finally, Creative Capital Management Investments LLC increased its position in Oracle by 5.7% in the 2nd quarter. Creative Capital Management Investments LLC now owns 798 shares of the enterprise software provider’s stock valued at $174,000 after buying an additional 43 shares in the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Oracle

In other news, EVP Stuart Levey sold 19,758 shares of the firm’s stock in a transaction on Friday, October 10th. The stock was sold at an average price of $300.00, for a total transaction of $5,927,400.00. Following the completion of the sale, the executive vice president directly owned 18,429 shares of the company’s stock, valued at $5,528,700. This trade represents a 51.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Maria Smith sold 5,000 shares of Oracle stock in a transaction on Thursday, October 23rd. The stock was sold at an average price of $280.62, for a total value of $1,403,100.00. Following the sale, the executive vice president owned 47,083 shares in the company, valued at $13,212,431.46. The trade was a 9.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 155,190 shares of company stock valued at $45,279,001 in the last ninety days. Insiders own 40.90% of the company’s stock.

Oracle Stock Performance

NYSE ORCL opened at $188.52 on Wednesday. The company has a fifty day moving average price of $241.52 and a 200-day moving average price of $242.25. The firm has a market cap of $541.65 billion, a price-to-earnings ratio of 35.44, a PEG ratio of 1.69 and a beta of 1.66. The company has a debt-to-equity ratio of 3.28, a current ratio of 0.91 and a quick ratio of 0.91. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $345.72.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Wednesday, December 10th. The enterprise software provider reported $2.26 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.62. Oracle had a net margin of 25.28% and a return on equity of 70.60%. The business had revenue of $16.06 billion for the quarter, compared to analysts’ expectations of $16.19 billion. During the same period in the previous year, the company earned $1.47 earnings per share. The firm’s revenue for the quarter was up 14.2% compared to the same quarter last year. As a group, equities research analysts predict that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, January 9th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, January 9th. This represents a $2.00 annualized dividend and a dividend yield of 1.1%. Oracle’s dividend payout ratio is currently 37.59%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Weiss Ratings upgraded Oracle from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. Barclays set a $310.00 target price on Oracle in a report on Thursday, December 11th. Wells Fargo & Company started coverage on shares of Oracle in a research note on Wednesday, December 3rd. They set an “overweight” rating and a $280.00 price target for the company. Rothschild & Co Redburn initiated coverage on shares of Oracle in a research note on Thursday, September 25th. They issued a “sell” rating and a $175.00 price objective on the stock. Finally, DA Davidson reduced their price objective on shares of Oracle from $200.00 to $180.00 and set a “neutral” rating for the company in a report on Thursday, December 11th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $302.92.

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.