Everett Harris & Co. CA Sells 100 Shares of Oracle Co. (NYSE:ORCL)

Everett Harris & Co. CA lessened its stake in shares of Oracle Co. (NYSE:ORCL) by 1.7% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 5,869 shares of the enterprise software provider’s stock after selling 100 shares during the period. Everett Harris & Co. CA’s holdings in Oracle were worth $737,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of ORCL. Norges Bank purchased a new position in shares of Oracle in the fourth quarter valued at about $1,210,181,000. Wellington Management Group LLP lifted its position in shares of Oracle by 9,299.3% in the third quarter. Wellington Management Group LLP now owns 8,170,999 shares of the enterprise software provider’s stock valued at $865,472,000 after acquiring an additional 8,084,067 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Oracle by 5.7% in the third quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock valued at $15,599,200,000 after acquiring an additional 7,883,515 shares in the last quarter. Boston Partners lifted its position in shares of Oracle by 382.4% in the fourth quarter. Boston Partners now owns 4,563,366 shares of the enterprise software provider’s stock valued at $481,820,000 after acquiring an additional 3,617,413 shares in the last quarter. Finally, Capital World Investors lifted its position in shares of Oracle by 22.1% in the fourth quarter. Capital World Investors now owns 18,384,162 shares of the enterprise software provider’s stock valued at $1,938,242,000 after acquiring an additional 3,323,334 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling

In other news, Director George H. Conrades sold 20,000 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $116.00, for a total transaction of $2,320,000.00. Following the transaction, the director now directly owns 17,836 shares of the company’s stock, valued at $2,068,976. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Oracle news, insider Edward Screven sold 235,918 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the transaction, the insider now owns 2,626,764 shares in the company, valued at approximately $379,042,045.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director George H. Conrades sold 20,000 shares of Oracle stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $116.00, for a total transaction of $2,320,000.00. Following the sale, the director now owns 17,836 shares of the company’s stock, valued at $2,068,976. The disclosure for this sale can be found here. Insiders sold 385,639 shares of company stock valued at $53,002,729 over the last 90 days. Corporate insiders own 42.80% of the company’s stock.

Oracle Stock Performance

Shares of NYSE:ORCL opened at $145.13 on Friday. The company has a market capitalization of $399.96 billion, a price-to-earnings ratio of 38.92, a price-to-earnings-growth ratio of 2.62 and a beta of 1.02. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $145.35. The company has a quick ratio of 0.72, a current ratio of 0.71 and a debt-to-equity ratio of 8.25. The firm has a 50 day moving average of $127.54 and a 200 day moving average of $119.13.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Tuesday, June 11th. The enterprise software provider reported $1.63 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). The business had revenue of $14.29 billion during the quarter, compared to the consensus estimate of $14.57 billion. Oracle had a return on equity of 223.01% and a net margin of 19.76%. The business’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period last year, the firm earned $1.35 EPS. On average, sell-side analysts predict that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, July 11th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Thursday, July 11th. Oracle’s dividend payout ratio (DPR) is 43.13%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Argus boosted their price objective on Oracle from $145.00 to $159.00 and gave the company a “buy” rating in a research report on Tuesday, June 18th. KeyCorp boosted their target price on Oracle from $150.00 to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 12th. Bank of America boosted their target price on Oracle from $144.00 to $155.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 12th. Morgan Stanley reiterated an “equal weight” rating and issued a $125.00 target price on shares of Oracle in a research report on Tuesday, June 25th. Finally, StockNews.com downgraded Oracle from a “buy” rating to a “hold” rating in a research report on Thursday, June 6th. Fourteen investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $145.83.

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.