Holocene Advisors LP Sells 914,182 Shares of Oracle Co. (NYSE:ORCL)

Holocene Advisors LP trimmed its stake in shares of Oracle Co. (NYSE:ORCL) by 98.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,779 shares of the enterprise software provider’s stock after selling 914,182 shares during the period. Holocene Advisors LP’s holdings in Oracle were worth $2,689,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ORCL. Fairway Wealth LLC bought a new stake in shares of Oracle in the second quarter valued at about $27,000. POM Investment Strategies LLC bought a new stake in Oracle in the 2nd quarter valued at approximately $30,000. Bbjs Financial Advisors LLC acquired a new position in Oracle during the 2nd quarter worth approximately $35,000. Quest Partners LLC acquired a new stake in shares of Oracle in the second quarter valued at approximately $40,000. Finally, Reston Wealth Management LLC acquired a new stake in shares of Oracle in the third quarter valued at approximately $44,000. 42.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. TD Cowen lifted 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. Jefferies Financial Group lifted their target price on Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday. Mizuho increased their price target on Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. JPMorgan Chase & Co. boosted their price target on Oracle from $110.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Finally, Barclays increased their price objective on Oracle from $160.00 to $172.00 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 nineteen have given a buy rating to the company. Based on data from MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and a consensus price target of $171.52.

Oracle Trading Down 1.0 %

Shares of Oracle stock opened at $186.24 on Friday. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $196.04. The stock has a market cap of $516.08 billion, a PE ratio of 48.00, a PEG ratio of 3.37 and a beta of 1.03. The firm has a 50-day moving average of $178.90 and a 200-day moving average of $153.32. 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 (NYSE:ORCL) last announced its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The firm had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. During the same quarter in the prior year, the business posted $0.95 EPS. The business’s revenue was up 6.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were issued a $0.40 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.86%. Oracle’s dividend payout ratio is presently 41.24%.

Insider Activity

In other news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the transaction, the executive vice president now directly owns 42,889 shares in the company, valued at approximately $7,076,685. The trade was a 12.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 42.20% of the company’s stock.

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.