Oracle Co. (NYSE:ORCL) Shares Sold by 180 Wealth Advisors LLC

Posted by Defense World Staff on Jun 20th, 2023

180 Wealth Advisors LLC lowered its holdings in shares of Oracle Co. (NYSE:ORCL – Get Rating) by 1.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,284 shares of the enterprise software provider’s stock after selling 114 shares during the period. 180 Wealth Advisors LLC’s holdings in Oracle were worth $770,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of ORCL. Trust Co. of Vermont lifted its stake in shares of Oracle by 4.6% in the 1st quarter. Trust Co. of Vermont now owns 42,214 shares of the enterprise software provider’s stock worth $3,923,000 after acquiring an additional 1,855 shares during the period. Sycomore Asset Management lifted its stake in shares of Oracle by 74.2% in the 1st quarter. Sycomore Asset Management now owns 79,438 shares of the enterprise software provider’s stock worth $7,161,000 after acquiring an additional 33,838 shares during the period. Fulton Bank N.A. lifted its stake in shares of Oracle by 22.8% in the 1st quarter. Fulton Bank N.A. now owns 9,248 shares of the enterprise software provider’s stock worth $859,000 after acquiring an additional 1,718 shares during the period. Patton Fund Management Inc. lifted its stake in shares of Oracle by 77.6% in the 1st quarter. Patton Fund Management Inc. now owns 37,228 shares of the enterprise software provider’s stock worth $3,459,000 after acquiring an additional 16,270 shares during the period. Finally, Independence Bank of Kentucky lifted its stake in shares of Oracle by 4.0% in the 1st quarter. Independence Bank of Kentucky now owns 10,555 shares of the enterprise software provider’s stock worth $981,000 after acquiring an additional 410 shares during the period. Institutional investors and hedge funds own 43.43% of the company’s stock.

Wall Street Analyst Weigh In

ORCL has been the subject of several recent analyst reports. The Goldman Sachs Group upgraded shares of Oracle from a “sell” rating to a “neutral” rating and raised their price objective for the company from $75.00 to $120.00 in a research note on Tuesday, June 13th. Berenberg Bank raised their price objective on shares of Oracle from $72.00 to $82.50 in a research note on Wednesday, March 8th. Citigroup raised their price objective on shares of Oracle from $86.00 to $106.00 in a research note on Friday, June 9th. 92 Resources reiterated a “maintains” rating on shares of Oracle in a research note on Tuesday, June 13th. Finally, Wolfe Research raised their price objective on shares of Oracle from $130.00 to $140.00 in a research note on Tuesday, June 13th. Thirteen equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $115.21.

Oracle Stock Performance

Shares of ORCL stock opened at $125.46 on Tuesday. Oracle Co. has a one year low of $60.78 and a one year high of $127.54. The company has a debt-to-equity ratio of 55.54, a quick ratio of 0.82 and a current ratio of 0.91. The company has a 50 day moving average price of $101.92 and a 200 day moving average price of $91.92. The firm has a market capitalization of $338.72 billion, a price-to-earnings ratio of 41.00, a price-to-earnings-growth ratio of 3.50 and a beta of 1.00.

Oracle (NYSE:ORCL – Get Rating) last issued its quarterly earnings results on Monday, June 12th. The enterprise software provider reported $1.67 EPS for the quarter, topping the consensus estimate of $1.58 by $0.09. Oracle had a net margin of 17.02% and a negative return on equity of 470.73%. The firm had revenue of $13.84 billion during the quarter, compared to analyst estimates of $13.74 billion. During the same quarter in the prior year, the business posted $1.31 earnings per share. Oracle’s revenue for the quarter was up 16.9% compared to the same quarter last year. Sell-side analysts anticipate that Oracle Co. will post 4.49 EPS for the current year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 26th. Shareholders of record on Wednesday, July 12th will be paid a dividend of $0.40 per share. The ex-dividend date is Tuesday, July 11th. This represents a $1.60 annualized dividend and a yield of 1.28%. Oracle’s dividend payout ratio is currently 52.29%.

Insider Activity

In other news, Director Jeffrey Berg sold 45,000 shares of the company’s stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $93.65, for a total value of $4,214,250.00. Following the completion of the transaction, the director now directly owns 207,409 shares in the company, valued at $19,423,852.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Oracle news, CEO Safra Catz sold 1,837,101 shares of the stock in a transaction on Tuesday, April 11th. The shares were sold at an average price of $93.86, for a total transaction of $172,430,299.86. Following the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $104,991,045.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jeffrey Berg sold 45,000 shares of the stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $93.65, for a total transaction of $4,214,250.00. Following the sale, the director now directly owns 207,409 shares in the company, valued at $19,423,852.85. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,886,967 shares of company stock worth $177,254,308. 43.70% of the stock is currently owned by company insiders.

Oracle Profile

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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 Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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