Oracle Co. (NYSE:ORCL) Shares Sold by FORVIS Wealth Advisors LLC

FORVIS Wealth Advisors LLC decreased its position in Oracle Co. (NYSE:ORCL) by 0.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,693 shares of the enterprise software provider’s stock after selling 191 shares during the quarter. FORVIS Wealth Advisors LLC’s holdings in Oracle were worth $3,730,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Invst LLC lifted its holdings in shares of Oracle by 2.7% in the fourth quarter. Invst LLC now owns 3,299 shares of the enterprise software provider’s stock valued at $380,000 after buying an additional 86 shares during the period. Nemes Rush Group LLC lifted its holdings in shares of Oracle by 1.2% in the fourth quarter. Nemes Rush Group LLC now owns 7,334 shares of the enterprise software provider’s stock valued at $773,000 after buying an additional 86 shares during the period. Avidian Wealth Solutions LLC lifted its holdings in shares of Oracle by 1.1% in the fourth quarter. Avidian Wealth Solutions LLC now owns 8,516 shares of the enterprise software provider’s stock valued at $898,000 after buying an additional 90 shares during the period. Sovereign Financial Group Inc. raised its position in shares of Oracle by 2.9% during the fourth quarter. Sovereign Financial Group Inc. now owns 3,244 shares of the enterprise software provider’s stock worth $342,000 after purchasing an additional 90 shares during the period. Finally, Godshalk Welsh Capital Management Inc. raised its position in Oracle by 0.3% during the fourth quarter. Godshalk Welsh Capital Management Inc. now owns 33,435 shares of the enterprise software provider’s stock valued at $3,525,000 after buying an additional 90 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Trading Up 0.8 %

Shares of NYSE:ORCL traded up $1.16 during midday trading on Friday, hitting $145.54. The company had a trading volume of 608,704 shares, compared to its average volume of 8,581,018. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $145.61. The company has a current ratio of 0.71, a quick ratio of 0.72 and a debt-to-equity ratio of 8.25. The stock has a market cap of $401.09 billion, a price-to-earnings ratio of 38.92, a PEG ratio of 2.62 and a beta of 1.02. The firm has a fifty day simple moving average of $127.54 and a 200 day simple moving average of $119.13.

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

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $1.60 annualized dividend and a yield of 1.10%. Oracle’s dividend payout ratio is presently 43.13%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on ORCL shares. TD Cowen upped their price target on Oracle from $145.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, June 12th. JMP Securities reaffirmed a “market perform” rating on shares of Oracle in a research report on Tuesday, June 11th. Argus upped their target price on Oracle from $145.00 to $159.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. HSBC upped their target price on Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Finally, DA Davidson reiterated a “neutral” rating and set a $105.00 price target on shares of Oracle in a research note on Wednesday, June 12th. Fourteen research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat, Oracle has a consensus rating of “Moderate Buy” and a consensus target price of $145.83.

Insiders Place Their Bets

In other Oracle news, insider Edward Screven sold 235,918 shares of Oracle stock in a transaction dated 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 transaction, the insider now directly owns 2,626,764 shares in the company, valued at $379,042,045.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director George H. Conrades sold 20,000 shares of Oracle stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $116.00, for a total value 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 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 Oracle stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $144.30, for a total value of $34,042,967.40. Following the completion of the sale, the insider now directly owns 2,626,764 shares in the company, valued at approximately $379,042,045.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 385,639 shares of company stock worth $53,002,729. Corporate insiders own 42.80% of the company’s stock.

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.