Arlington Trust Co LLC Trims Holdings in Oracle Co. (NYSE:ORCL)

Arlington Trust Co LLC reduced its holdings in shares of Oracle Co. (NYSE:ORCL) by 14.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 8,842 shares of the enterprise software provider’s stock after selling 1,535 shares during the period. Arlington Trust Co LLC’s holdings in Oracle were worth $1,248,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of ORCL. Westend Capital Management LLC purchased a new stake in Oracle during the 1st quarter valued at approximately $25,000. Tidemark LLC acquired a new stake in shares of Oracle during the fourth quarter worth $29,000. Nordwand Advisors LLC purchased a new position in Oracle in the 4th quarter valued at $30,000. Frank Rimerman Advisors LLC acquired a new position in Oracle in the 4th quarter valued at $30,000. Finally, POM Investment Strategies LLC purchased a new position in Oracle during the 2nd quarter worth $30,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ORCL has been the topic of a number of recent analyst reports. DA Davidson reiterated a “neutral” rating and set a $105.00 price target on shares of Oracle in a research note on Wednesday, June 12th. Guggenheim reiterated a “buy” rating and set a $175.00 target price on shares of Oracle in a research report on Tuesday, June 25th. Piper Sandler reissued an “overweight” rating and issued a $150.00 price target on shares of Oracle in a report on Friday, July 12th. Morgan Stanley restated an “equal weight” rating and issued a $125.00 price target on shares of Oracle in a research note on Tuesday, June 25th. Finally, Sanford C. Bernstein increased their price objective on Oracle from $159.00 to $171.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 12th. Fourteen research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, Oracle currently has a consensus rating of “Moderate Buy” and a consensus target price of $145.87.

Oracle Trading Down 0.6 %

Shares of ORCL stock opened at $141.81 on Friday. The company has a market capitalization of $390.81 billion, a price-to-earnings ratio of 38.22, a PEG ratio of 2.55 and a beta of 1.01. The company has a current ratio of 0.71, a quick ratio of 0.72 and a debt-to-equity ratio of 8.25. The firm has a 50-day moving average price of $138.72 and a 200 day moving average price of $128.47. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $146.59.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). Oracle had a return on equity of 223.01% and a net margin of 19.76%. The business had revenue of $14.29 billion for the quarter, compared to analysts’ expectations of $14.57 billion. During the same period in the prior year, the company earned $1.35 EPS. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. Research analysts forecast that Oracle Co. will post 5.02 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, July 11th. This represents a $1.60 annualized dividend and a dividend yield of 1.13%. Oracle’s dividend payout ratio is presently 43.13%.

Insider Buying and Selling at Oracle

In related news, Director Leon E. Panetta sold 15,000 shares of the stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $137.89, for a total value of $2,068,350.00. Following the completion of the sale, the director now directly owns 58,090 shares in the company, valued at approximately $8,010,030.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Leon E. Panetta sold 15,000 shares of Oracle stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the sale, the director now owns 58,090 shares in the company, valued at $8,010,030.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the completion of the transaction, the chairman now owns 1,145,732,353 shares of the company’s stock, valued at $164,630,281,802.57. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,862,500 shares of company stock valued at $266,776,624. Company insiders own 42.80% of the company’s stock.

About Oracle

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.