Oracle Co. (NYSE:ORCL) Position Decreased by Beddow Capital Management Inc.

Beddow Capital Management Inc. decreased its holdings in shares of Oracle Co. (NYSE:ORCL) by 2.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,127 shares of the enterprise software provider’s stock after selling 900 shares during the period. Oracle makes up 1.9% of Beddow Capital Management Inc.’s portfolio, making the stock its 25th biggest holding. Beddow Capital Management Inc.’s holdings in Oracle were worth $4,395,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Alaethes Wealth LLC lifted its stake in Oracle by 2.6% during the second quarter. Alaethes Wealth LLC now owns 15,247 shares of the enterprise software provider’s stock valued at $2,153,000 after buying an additional 385 shares in the last quarter. Legacy Financial Advisors Inc. lifted its stake in Oracle by 2.7% during the second quarter. Legacy Financial Advisors Inc. now owns 18,953 shares of the enterprise software provider’s stock valued at $2,676,000 after buying an additional 501 shares in the last quarter. Arista Wealth Management LLC purchased a new stake in Oracle during the second quarter valued at about $604,000. Huber Capital Management LLC lifted its stake in Oracle by 70.9% during the second quarter. Huber Capital Management LLC now owns 33,300 shares of the enterprise software provider’s stock valued at $4,702,000 after buying an additional 13,818 shares in the last quarter. Finally, Summit Trail Advisors LLC lifted its stake in Oracle by 30.3% during the second quarter. Summit Trail Advisors LLC now owns 15,296 shares of the enterprise software provider’s stock valued at $2,160,000 after buying an additional 3,554 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Insider Activity

In other news, insider Edward Screven sold 426,861 shares of the company’s stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $141.91, for a total value of $60,575,844.51. Following the completion of the sale, the insider now directly owns 2,626,764 shares of the company’s stock, valued at approximately $372,764,079.24. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, insider Edward Screven sold 426,861 shares of the stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $141.91, for a total transaction of $60,575,844.51. Following the completion of the sale, the insider now directly owns 2,626,764 shares of the company’s stock, valued at approximately $372,764,079.24. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Maria Smith sold 6,320 shares of the 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 sale, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at $7,076,685. The disclosure for this sale can be found here. Insiders sold a total of 1,610,402 shares of company stock valued at $230,556,257 in the last ninety days. 42.80% of the stock is owned by insiders.

Oracle Stock Performance

Oracle stock opened at $167.96 on Friday. The stock has a 50-day simple moving average of $142.30 and a 200 day simple moving average of $131.81. 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 Co. has a 12-month low of $99.26 and a 12-month high of $173.99. The stock has a market capitalization of $465.41 billion, a price-to-earnings ratio of 45.27, a P/E/G ratio of 3.21 and a beta of 1.01.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. The firm 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%. The company’s revenue was up 6.9% on a year-over-year basis. During the same period last year, the company earned $0.95 earnings per share. On average, research analysts anticipate that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders 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 dividend yield of 0.95%. Oracle’s payout ratio is currently 43.13%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ORCL. BMO Capital Markets increased their price target on shares of Oracle from $160.00 to $173.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 10th. Argus increased their price target on shares of Oracle from $145.00 to $159.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. JPMorgan Chase & Co. increased their price target on shares of Oracle from $110.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Piper Sandler increased their price target on shares of Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. Finally, Oppenheimer reissued a “market perform” rating on shares of Oracle in a research report on Tuesday, September 10th. Eleven analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.