Arjuna Capital Sells 171 Shares of Oracle Co. (NYSE:ORCL)

Arjuna Capital decreased its position in Oracle Co. (NYSE:ORCL) by 1.4% in the third quarter, Holdings Channel.com reports. The firm owned 12,087 shares of the enterprise software provider’s stock after selling 171 shares during the quarter. Arjuna Capital’s holdings in Oracle were worth $2,060,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. raised its holdings in Oracle by 79.6% in the third quarter. Oppenheimer Asset Management Inc. now owns 286,460 shares of the enterprise software provider’s stock worth $48,813,000 after purchasing an additional 126,985 shares in the last quarter. Oppenheimer & Co. Inc. increased its holdings in shares of Oracle by 4.2% during the third quarter. Oppenheimer & Co. Inc. now owns 62,522 shares of the enterprise software provider’s stock valued at $10,654,000 after acquiring an additional 2,509 shares in the last quarter. OLD Second National Bank of Aurora increased its holdings in shares of Oracle by 8.0% during the third quarter. OLD Second National Bank of Aurora now owns 5,666 shares of the enterprise software provider’s stock valued at $965,000 after acquiring an additional 421 shares in the last quarter. Pinnacle Financial Partners Inc increased its holdings in shares of Oracle by 2.0% during the third quarter. Pinnacle Financial Partners Inc now owns 60,737 shares of the enterprise software provider’s stock valued at $10,350,000 after acquiring an additional 1,214 shares in the last quarter. Finally, MQS Management LLC bought a new position in shares of Oracle during the third quarter valued at $277,000. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Performance

Shares of ORCL stock traded down $0.29 during trading hours on Wednesday, reaching $189.29. 491,568 shares of the company traded hands, compared to its average volume of 8,231,199. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $191.50. 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 company has a market cap of $524.53 billion, a P/E ratio of 48.87, a P/E/G ratio of 3.49 and a beta of 1.02. The firm has a 50-day moving average price of $169.43 and a 200 day moving average price of $145.54.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm had revenue of $13.31 billion for the quarter, compared to analysts’ expectations of $13.23 billion. During the same period in the previous year, the firm earned $0.95 EPS. The business’s quarterly revenue was up 6.9% on a year-over-year basis. As a group, sell-side 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. Investors of record on Thursday, October 10th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.85%. The ex-dividend date was Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is presently 41.24%.

Insider Activity at Oracle

In related news, EVP Maria Smith sold 6,320 shares of Oracle 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 sale, the executive vice president now owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 42.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ORCL. KeyCorp raised their price target on Oracle from $165.00 to $175.00 and gave the company an “overweight” rating in a report on Tuesday, September 10th. TD Cowen raised their price target on Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Bank of America raised their price target on Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Mizuho raised their price target on Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Finally, Oppenheimer reiterated a “market perform” rating on shares of Oracle in a report on Tuesday, September 10th. Eleven investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat, Oracle has an average rating of “Moderate Buy” and an average price target of $168.52.

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.