Stephens Consulting LLC Has $507,000 Stock Position in Oracle Co. (NYSE:ORCL)

Stephens Consulting LLC lowered its position in shares of Oracle Co. (NYSE:ORCL) by 26.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,974 shares of the enterprise software provider’s stock after selling 1,075 shares during the quarter. Stephens Consulting LLC’s holdings in Oracle were worth $507,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Itau Unibanco Holding S.A. grew its holdings in Oracle by 15.3% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 24,800 shares of the enterprise software provider’s stock worth $3,502,000 after acquiring an additional 3,300 shares during the period. Goelzer Investment Management Inc. lifted its stake in Oracle by 25.0% in the first quarter. Goelzer Investment Management Inc. now owns 7,492 shares of the enterprise software provider’s stock valued at $941,000 after buying an additional 1,500 shares during the period. GAMMA Investing LLC boosted its holdings in Oracle by 55.7% during the second quarter. GAMMA Investing LLC now owns 22,315 shares of the enterprise software provider’s stock worth $3,151,000 after buying an additional 7,982 shares during the last quarter. Wesbanco Bank Inc. increased its stake in Oracle by 7.5% in the third quarter. Wesbanco Bank Inc. now owns 126,123 shares of the enterprise software provider’s stock valued at $21,491,000 after purchasing an additional 8,790 shares in the last quarter. Finally, Edgestream Partners L.P. raised its holdings in Oracle by 91.7% in the first quarter. Edgestream Partners L.P. now owns 13,771 shares of the enterprise software provider’s stock worth $1,730,000 after purchasing an additional 6,587 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on ORCL shares. JMP Securities boosted their target price on Oracle from $175.00 to $205.00 and gave the company a “market outperform” rating in a research note on Friday. StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a research report on Tuesday, September 10th. Oppenheimer reaffirmed a “market perform” rating on shares of Oracle in a research report on Tuesday, September 10th. Evercore ISI lifted their price objective on shares of Oracle from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Finally, KeyCorp increased their target price on shares of Oracle from $165.00 to $175.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. Ten research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $168.67.

Insider Buying and Selling at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction dated 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 sale, the executive vice president now owns 42,889 shares in the company, valued at $7,076,685. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 42.20% of the company’s stock.

Oracle Trading Down 0.6 %

ORCL stock opened at $174.69 on Friday. The stock has a market cap of $484.08 billion, a price-to-earnings ratio of 45.02, a price-to-earnings-growth ratio of 3.25 and a beta of 1.01. The company has a fifty day moving average price of $156.29 and a two-hundred day moving average price of $138.59. Oracle Co. has a one year low of $99.26 and a one year high of $178.61. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, topping the consensus estimate of $1.33 by $0.06. The business 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%. Oracle’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.95 EPS. Equities analysts anticipate that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be issued a dividend of $0.40 per share. The ex-dividend date is Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.92%. Oracle’s payout ratio is currently 41.24%.

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.