Transatlantique Private Wealth LLC Sells 468 Shares of Oracle Co. (NYSE:ORCL)

Transatlantique Private Wealth LLC reduced its holdings in Oracle Co. (NYSE:ORCL) by 10.6% in the 2nd quarter, Holdings Channel reports. The fund owned 3,935 shares of the enterprise software provider’s stock after selling 468 shares during the quarter. Transatlantique Private Wealth LLC’s holdings in Oracle were worth $556,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of ORCL. Westend Capital Management LLC acquired a new position in Oracle in the 1st quarter worth $25,000. Fairway Wealth LLC acquired a new position in shares of Oracle during the second quarter worth about $27,000. Tidemark LLC acquired a new position in shares of Oracle during the fourth quarter worth about $29,000. Frank Rimerman Advisors LLC acquired a new stake in Oracle in the 4th quarter valued at approximately $30,000. Finally, POM Investment Strategies LLC bought a new stake in Oracle in the 2nd quarter valued at approximately $30,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on ORCL shares. Sanford C. Bernstein lifted their price objective on shares of Oracle from $159.00 to $171.00 and gave the company an “outperform” rating in a report on Wednesday, June 12th. Piper Sandler boosted 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. Guggenheim increased their price objective on shares of Oracle from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, September 13th. Barclays increased their price target on shares of Oracle from $160.00 to $172.00 and gave the company an “overweight” rating in a research note on Tuesday, September 10th. Finally, KeyCorp upped their target price on shares of Oracle from $165.00 to $175.00 and gave the company an “overweight” rating in a report on Tuesday, September 10th. Eleven equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and an average target price of $163.88.

Insider Activity at Oracle

In other Oracle news, insider Edward Screven sold 426,861 shares of the firm’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $141.91, for a total value of $60,575,844.51. Following the sale, the insider now owns 2,626,764 shares in the company, valued at $372,764,079.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Oracle 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 transaction, the insider now owns 2,626,764 shares of the company’s stock, valued at approximately $372,764,079.24. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of Oracle stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $143.69, for a total value of $161,651,250.00. Following the sale, the chairman now directly owns 1,145,732,353 shares in the company, valued at $164,630,281,802.57. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,610,402 shares of company stock valued at $230,556,257. 42.80% of the stock is owned by insiders.

Oracle Stock Performance

Shares of NYSE:ORCL opened at $167.96 on Friday. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $173.99. The stock has a market capitalization of $465.41 billion, a price-to-earnings ratio of 45.27, a price-to-earnings-growth ratio of 3.21 and a beta of 1.01. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. The company’s 50 day simple moving average is $142.30 and its 200 day simple moving average is $131.81.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The company had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. During the same quarter last year, the company posted $0.95 EPS. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, research analysts predict that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.95%. Oracle’s payout ratio is currently 43.13%.

Oracle Company 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.