Oracle Co. (NYSE:ORCL) Stake Lowered by First Horizon Advisors Inc.

First Horizon Advisors Inc. decreased its stake in Oracle Co. (NYSE:ORCL) by 3.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,451 shares of the enterprise software provider’s stock after selling 1,435 shares during the period. First Horizon Advisors Inc.’s holdings in Oracle were worth $6,211,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in ORCL. Principal Financial Group Inc. boosted its position in shares of Oracle by 5.3% during the third quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock worth $411,748,000 after buying an additional 121,874 shares during the period. Itau Unibanco Holding S.A. increased its holdings 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 during the period. Chase Investment Counsel Corp acquired a new position in shares of Oracle during the third quarter valued at $4,160,000. Oppenheimer Asset Management Inc. raised its stake in shares of Oracle by 79.6% during the third quarter. Oppenheimer Asset Management Inc. now owns 286,460 shares of the enterprise software provider’s stock valued at $48,813,000 after purchasing an additional 126,985 shares in the last quarter. Finally, Buckley Wealth Management LLC grew its position in Oracle by 63.8% in the 3rd quarter. Buckley Wealth Management LLC now owns 7,370 shares of the enterprise software provider’s stock valued at $1,256,000 after buying an additional 2,870 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now owns 42,889 shares in the company, valued at $7,076,685. This trade represents a 12.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 42.20% of the company’s stock.

Oracle Stock Performance

Shares of ORCL stock opened at $190.76 on Thursday. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $191.77. The stock’s 50-day moving average is $174.39 and its two-hundred day moving average is $148.37. 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 $528.61 billion, a P/E ratio of 49.17, a PEG ratio of 3.48 and a beta of 1.02.

Oracle (NYSE:ORCL) last issued 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. 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 last year, the firm earned $0.95 earnings per share. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. Analysts predict that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle’s payout ratio is 41.24%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Evercore ISI upped their price target on shares of Oracle from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. BMO Capital Markets increased their price target on Oracle from $160.00 to $173.00 and gave the company a “market perform” rating in a research note on Tuesday, September 10th. DA Davidson boosted their price objective on Oracle from $105.00 to $140.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 10th. Sanford C. Bernstein raised their target price on Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. Finally, KeyCorp boosted their price target on shares of Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Eleven research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat, Oracle has a consensus rating of “Moderate Buy” and an average target price of $169.52.

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.