Mills Wealth Advisors LLC Has $228,000 Position in Oracle Co. (NYSE:ORCL)

Mills Wealth Advisors LLC lessened its position in Oracle Co. (NYSE:ORCL) by 5.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,614 shares of the enterprise software provider’s stock after selling 99 shares during the period. Mills Wealth Advisors LLC’s holdings in Oracle were worth $228,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of ORCL. Westend Capital Management LLC acquired a new stake in Oracle during the 1st quarter worth $25,000. Tidemark LLC bought a new position in shares of Oracle during the 4th quarter valued at about $29,000. Frank Rimerman Advisors LLC acquired a new position in shares of Oracle in the 4th quarter valued at approximately $30,000. POM Investment Strategies LLC bought a new stake in Oracle during the 2nd quarter worth approximately $30,000. Finally, Bbjs Financial Advisors LLC acquired a new stake in Oracle during the 2nd quarter worth approximately $35,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ORCL shares. JMP Securities raised shares of Oracle from a “market perform” rating to an “outperform” rating and set a $175.00 price objective for the company in a research report on Tuesday, September 10th. Oppenheimer reissued a “market perform” rating on shares of Oracle in a research note on Tuesday, September 10th. Stifel Nicolaus upped their price objective on Oracle from $135.00 to $155.00 and gave the stock a “hold” rating in a research report on Tuesday, September 10th. Bank of America increased their price objective on Oracle from $155.00 to $175.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. Finally, Piper Sandler upped their price target on Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. Eleven research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $161.13.

Oracle Trading Up 0.4 %

Shares of Oracle stock opened at $162.03 on Friday. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $173.93. The company has a market capitalization of $446.53 billion, a price-to-earnings ratio of 43.67, a P/E/G ratio of 2.89 and a beta of 1.01. The business has a fifty day simple moving average of $139.85 and a two-hundred day simple moving average of $130.03. 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. Research analysts forecast that Oracle Co. will post 5.03 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 0.99%. Oracle’s payout ratio is currently 43.13%.

Insider Activity at Oracle

In other news, Director Leon E. Panetta sold 15,000 shares of Oracle stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the completion of the sale, the director now owns 58,090 shares of the company’s stock, valued at $8,010,030.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Edward Screven sold 235,918 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the transaction, the insider now directly owns 2,626,764 shares of the company’s stock, valued at $379,042,045.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Leon E. Panetta sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, July 18th. The shares were 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 of the company’s stock, valued at $8,010,030.10. The disclosure for this sale can be found here. Insiders sold 1,862,500 shares of company stock worth $266,776,624 in the last ninety days. 42.80% of the stock is owned by company insiders.

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.