Mills Wealth Advisors LLC Sells 99 Shares of Oracle Co. (NYSE:ORCL)

Mills Wealth Advisors LLC decreased its position in shares of Oracle Co. (NYSE:ORCL) by 5.8% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,614 shares of the enterprise software provider’s stock after selling 99 shares during the period. Mills Wealth Advisors LLC’s holdings in Oracle were worth $228,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Werlinich Asset Management LLC increased its stake in shares of Oracle by 3.1% in the 2nd quarter. Werlinich Asset Management LLC now owns 2,325 shares of the enterprise software provider’s stock valued at $326,000 after purchasing an additional 70 shares during the last quarter. RFP Financial Group LLC grew its position in Oracle by 2.7% in the second quarter. RFP Financial Group LLC now owns 2,869 shares of the enterprise software provider’s stock valued at $405,000 after acquiring an additional 75 shares during the last quarter. ERn Financial LLC raised its stake in Oracle by 0.6% during the second quarter. ERn Financial LLC now owns 12,911 shares of the enterprise software provider’s stock worth $1,823,000 after acquiring an additional 80 shares in the last quarter. Key Financial Inc lifted its holdings in shares of Oracle by 1.2% in the second quarter. Key Financial Inc now owns 6,600 shares of the enterprise software provider’s stock worth $932,000 after acquiring an additional 80 shares during the last quarter. Finally, Abich Financial Wealth Management LLC boosted its stake in shares of Oracle by 18.0% in the 1st quarter. Abich Financial Wealth Management LLC now owns 530 shares of the enterprise software provider’s stock valued at $67,000 after purchasing an additional 81 shares in the last quarter. 42.44% of the stock is owned by institutional investors.

Oracle Trading Up 0.4 %

Shares of ORCL stock opened at $162.03 on Friday. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $173.93. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a 50 day simple moving average of $139.85 and a two-hundred day simple moving average of $130.03. The company has a market cap of $446.53 billion, a P/E ratio of 43.67, a PEG ratio of 2.89 and a beta of 1.01.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.06. The company had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. Oracle’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.95 EPS. Research analysts forecast that Oracle Co. will post 5.03 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.99%. Oracle’s payout ratio is currently 43.13%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on ORCL shares. Mizuho upped their price objective on shares of Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Bank of America upped their price target on shares of Oracle from $155.00 to $175.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. Oppenheimer reissued a “market perform” rating on shares of Oracle in a report on Tuesday, September 10th. BMO Capital Markets upped their target price on Oracle from $160.00 to $173.00 and gave the stock a “market perform” rating in a report on Tuesday, September 10th. Finally, TD Cowen lifted their price target on Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Eleven investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, Oracle has a consensus rating of “Moderate Buy” and an average price target of $161.13.

Insider Activity

In other Oracle news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the transaction, 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 accessible through this link. In related news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of Oracle 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 transaction, the chairman now owns 1,145,732,353 shares of the company’s stock, valued at $164,630,281,802.57. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jeffrey Berg sold 22,500 shares of the firm’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $143.12, for a total value of $3,220,200.00. Following the sale, the director now directly owns 210,712 shares of the company’s stock, valued at $30,157,101.44. The disclosure for this sale can be found here. Insiders sold a total of 1,862,500 shares of company stock worth $266,776,624 over the last quarter. 42.80% of the stock is currently owned by corporate insiders.

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.