Raub Brock Capital Management LP Sells 4,878 Shares of Oracle Co. (NYSE:ORCL)

Raub Brock Capital Management LP lessened its stake in shares of Oracle Co. (NYSE:ORCL) by 3.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 129,906 shares of the enterprise software provider’s stock after selling 4,878 shares during the period. Oracle accounts for about 4.5% of Raub Brock Capital Management LP’s portfolio, making the stock its 4th largest position. Raub Brock Capital Management LP’s holdings in Oracle were worth $22,136,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also bought and sold shares of the stock. Itau Unibanco Holding S.A. lifted its position in shares of Oracle by 15.3% during the second quarter. Itau Unibanco Holding S.A. now owns 24,800 shares of the enterprise software provider’s stock valued at $3,502,000 after purchasing an additional 3,300 shares in the last quarter. Goelzer Investment Management Inc. boosted its stake in shares of Oracle by 25.0% in the 1st quarter. Goelzer Investment Management Inc. now owns 7,492 shares of the enterprise software provider’s stock worth $941,000 after buying an additional 1,500 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Oracle by 55.7% in the second quarter. GAMMA Investing LLC now owns 22,315 shares of the enterprise software provider’s stock valued at $3,151,000 after acquiring an additional 7,982 shares in the last quarter. Wesbanco Bank Inc. increased its position in shares of Oracle by 7.5% during the third quarter. Wesbanco Bank Inc. now owns 126,123 shares of the enterprise software provider’s stock valued at $21,491,000 after acquiring an additional 8,790 shares during the last quarter. Finally, Edgestream Partners L.P. lifted its holdings in Oracle by 91.7% during the first quarter. Edgestream Partners L.P. now owns 13,771 shares of the enterprise software provider’s stock worth $1,730,000 after acquiring an additional 6,587 shares during the period. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ORCL has been the topic of a number of research analyst reports. Stifel Nicolaus boosted their price target on shares of Oracle from $135.00 to $155.00 and gave the stock a “hold” rating in a report on Tuesday, September 10th. TD Cowen upped their price target on shares of Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Bank of America lifted their price objective on shares of Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. Guggenheim increased their target price on Oracle from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Finally, Citigroup lifted their price target on Oracle from $140.00 to $157.00 and gave the company a “neutral” rating in a research report on Wednesday, September 11th. Ten analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat, Oracle presently has a consensus rating of “Moderate Buy” and an average price target of $168.67.

Insider Activity

In other Oracle news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the transaction, the executive vice president now owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 42.20% of the stock is currently owned by company insiders.

Oracle Stock Performance

NYSE:ORCL opened at $174.72 on Friday. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $178.61. The business has a 50 day moving average price of $156.29 and a 200-day moving average price of $138.49. The firm has a market cap of $484.16 billion, a PE ratio of 45.03, a price-to-earnings-growth ratio of 3.25 and a beta of 1.01.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, beating the consensus estimate of $1.33 by $0.06. The firm had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.95 earnings per share. Equities research analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The company 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 $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend is Thursday, October 10th. Oracle’s dividend payout ratio is currently 41.24%.

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.