Garde Capital Inc. Has $1.09 Million Holdings in Oracle Co. (NYSE:ORCL)

Garde Capital Inc. cut its stake in Oracle Co. (NYSE:ORCL) by 3.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,687 shares of the enterprise software provider’s stock after selling 250 shares during the period. Garde Capital Inc.’s holdings in Oracle were worth $1,085,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in 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 Oracle in the 2nd quarter worth $27,000. Frank Rimerman Advisors LLC acquired a new position in shares of Oracle during the 4th quarter worth about $30,000. POM Investment Strategies LLC acquired a new position in shares of Oracle during the 2nd quarter worth about $30,000. Finally, Bbjs Financial Advisors LLC acquired a new position in shares of Oracle during the 2nd quarter worth about $35,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Morgan Stanley increased their price objective on shares of Oracle from $125.00 to $145.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 10th. Melius Research raised shares of Oracle from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. Oppenheimer reaffirmed a “market perform” rating on shares of Oracle in a research report on Tuesday, September 10th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Oracle from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, June 17th. Finally, JMP Securities upgraded shares of Oracle from a “market perform” rating to an “outperform” rating and set a $175.00 target price for the company in a research note on Tuesday, September 10th. Ten investment analysts have rated the stock with a hold rating and twenty have assigned 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 $166.13.

Insider Buying and Selling at Oracle

In other Oracle news, insider Edward Screven sold 426,861 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 2,626,764 shares of the company’s stock, valued at $372,764,079.24. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the completion of the sale, the chairman now owns 1,145,732,353 shares in the company, valued at $164,630,281,802.57. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Edward Screven sold 426,861 shares of the business’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 of the company’s stock, valued at approximately $372,764,079.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,573,181 shares of company stock valued at $225,338,245. 42.80% of the stock is currently owned by company insiders.

Oracle Price Performance

Oracle stock opened at $168.74 on Monday. The stock’s 50 day moving average is $144.96 and its 200 day moving average is $133.79. 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 firm has a market cap of $467.57 billion, a P/E ratio of 45.48, a P/E/G ratio of 3.05 and a beta of 1.01. Oracle Co. has a one year low of $99.26 and a one year high of $173.99.

Oracle (NYSE:ORCL) last posted 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. 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 period in the previous year, the firm earned $0.95 earnings per share. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. As a group, research analysts expect that Oracle Co. will post 5.01 EPS for the current year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend is Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is presently 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.