AIMZ Investment Advisors LLC Cuts Stock Position in Oracle Co. (NYSE:ORCL)

AIMZ Investment Advisors LLC lowered its holdings in Oracle Co. (NYSE:ORCL) by 6.6% during the 2nd quarter, Holdings Channel reports. The firm owned 14,777 shares of the enterprise software provider’s stock after selling 1,046 shares during the period. AIMZ Investment Advisors LLC’s holdings in Oracle were worth $2,086,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Contour Asset Management LLC raised its stake in shares of Oracle by 41.5% in the fourth quarter. Contour Asset Management LLC now owns 2,192,950 shares of the enterprise software provider’s stock valued at $231,203,000 after buying an additional 643,490 shares during the period. Hancock Whitney Corp raised its stake in shares of Oracle by 12.7% in the fourth quarter. Hancock Whitney Corp now owns 29,301 shares of the enterprise software provider’s stock valued at $3,089,000 after buying an additional 3,291 shares during the period. Heritage Wealth Advisors raised its stake in shares of Oracle by 0.6% in the fourth quarter. Heritage Wealth Advisors now owns 16,995 shares of the enterprise software provider’s stock valued at $1,792,000 after buying an additional 109 shares during the period. Seven Mile Advisory raised its stake in shares of Oracle by 10.6% in the fourth quarter. Seven Mile Advisory now owns 5,236 shares of the enterprise software provider’s stock valued at $552,000 after buying an additional 502 shares during the period. Finally, Goelzer Investment Management Inc. raised its stake in shares of 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. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling

In related news, Director Leon E. Panetta sold 15,000 shares of the firm’s 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 transaction, the director now directly owns 58,090 shares of the company’s stock, valued at approximately $8,010,030.10. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Edward Screven sold 235,918 shares of the business’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $144.30, for a total value of $34,042,967.40. Following the transaction, the insider now directly owns 2,626,764 shares in the company, valued at $379,042,045.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Leon E. Panetta sold 15,000 shares of the business’s stock in a transaction dated 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 owns 58,090 shares in the company, valued at $8,010,030.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,862,500 shares of company stock valued at $266,776,624. 42.80% of the stock is owned by company insiders.

Oracle Stock Performance

Shares of ORCL opened at $157.13 on Thursday. The company has a market cap of $433.03 billion, a price-to-earnings ratio of 42.35, a P/E/G ratio of 2.56 and a beta of 1.01. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $160.52. 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 business’s fifty day simple moving average is $139.16 and its two-hundred day simple moving average is $129.32.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. The firm had revenue of $13.31 billion for the quarter, compared to the consensus estimate of $13.23 billion. Oracle had a return on equity of 223.01% and a net margin of 19.76%. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period last year, the business posted $0.95 EPS. Research analysts anticipate that Oracle Co. will post 5.02 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a yield of 1.02%. Oracle’s dividend payout ratio is currently 43.13%.

Analysts Set New Price Targets

ORCL has been the topic of several research reports. Morgan Stanley boosted their target price on Oracle from $125.00 to $145.00 and gave the company an “equal weight” rating in a research note on Tuesday. UBS Group boosted their price objective on Oracle from $160.00 to $175.00 and gave the company a “buy” rating in a research note on Tuesday. Barclays boosted their price objective on Oracle from $160.00 to $172.00 and gave the company an “overweight” rating in a research note on Tuesday. Piper Sandler boosted their price objective on Oracle from $150.00 to $175.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a research note on Tuesday. Twelve equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $158.68.

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.