Gerber LLC Decreases Stock Position in Oracle Co. (NYSE:ORCL)

Gerber LLC lowered its position in Oracle Co. (NYSE:ORCL) by 2.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 7,229 shares of the enterprise software provider’s stock after selling 174 shares during the quarter. Oracle comprises 0.9% of Gerber LLC’s investment portfolio, making the stock its 17th largest holding. Gerber LLC’s holdings in Oracle were worth $1,232,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ORCL. Fairway Wealth LLC bought a new stake in shares of Oracle during the 2nd quarter worth $27,000. POM Investment Strategies LLC purchased a new position in shares of Oracle during the 2nd quarter valued at about $30,000. Bbjs Financial Advisors LLC bought a new stake in shares of Oracle in the 2nd quarter worth approximately $35,000. Quest Partners LLC purchased a new stake in shares of Oracle in the 2nd quarter valued at $40,000. Finally, Alaska Permanent Fund Corp purchased a new position in Oracle in the 1st quarter worth $36,000. 42.44% of the stock is currently owned by institutional investors.

Oracle Trading Down 0.4 %

Shares of ORCL traded down $0.76 during mid-day trading on Monday, reaching $173.93. 1,618,193 shares of the company’s stock traded hands, compared to its average volume of 8,426,735. 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 stock’s 50-day moving average is $156.29 and its two-hundred day moving average is $138.67. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $178.61. The stock has a market cap of $481.97 billion, a P/E ratio of 44.80, a P/E/G ratio of 3.25 and a beta of 1.01.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. The firm had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. Oracle’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.95 earnings per share. Research analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date is Thursday, October 10th. Oracle’s payout ratio is currently 41.24%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on ORCL shares. BMO Capital Markets increased their target price on Oracle from $160.00 to $173.00 and gave the company a “market perform” rating in a report on Tuesday, September 10th. Sanford C. Bernstein raised their price target on shares of Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. Barclays boosted their price target on Oracle from $160.00 to $172.00 and gave the company an “overweight” rating in a report on Tuesday, September 10th. Piper Sandler boosted their price objective on shares of Oracle from $150.00 to $175.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. Finally, Stifel Nicolaus raised their target price on shares of Oracle from $135.00 to $155.00 and gave the stock a “hold” rating in a research report on Tuesday, September 10th. Ten analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $168.67.

Insider Activity at Oracle

In other 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 value of $1,042,800.00. Following the completion of the sale, the executive vice president now owns 42,889 shares of the company’s stock, valued at $7,076,685. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 42.20% of the stock is currently owned by corporate insiders.

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.