Sageworth Trust Co Sells 246 Shares of Oracle Co. (NYSE:ORCL)

Sageworth Trust Co lowered its holdings in shares of Oracle Co. (NYSE:ORCL) by 17.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,203 shares of the enterprise software provider’s stock after selling 246 shares during the period. Sageworth Trust Co’s holdings in Oracle were worth $205,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Fairway Wealth LLC acquired a new position in Oracle in the second quarter valued at $27,000. POM Investment Strategies LLC acquired a new position in shares of Oracle in the 2nd quarter valued at about $30,000. Bbjs Financial Advisors LLC bought a new stake in shares of Oracle during the 2nd quarter valued at about $35,000. Quest Partners LLC acquired a new stake in Oracle during the second quarter worth approximately $40,000. Finally, Avondale Wealth Management acquired a new position in Oracle in the third quarter valued at approximately $51,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ORCL. Piper Sandler increased their target price on shares of Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. TD Cowen boosted their target price on Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. Mizuho upped their target price on Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. JPMorgan Chase & Co. lifted their price target on shares of Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Finally, KeyCorp upped their target price on shares of Oracle from $165.00 to $175.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. Twelve investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat.com, Oracle has an average rating of “Moderate Buy” and a consensus target price of $168.52.

Insider Buying and Selling at Oracle

In related news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction 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 transaction, the executive vice president now directly owns 42,889 shares in the company, valued at approximately $7,076,685. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 42.80% of the stock is owned by corporate insiders.

Oracle Stock Down 0.5 %

Shares of ORCL stock traded down $0.86 during mid-day trading on Friday, reaching $173.52. 3,674,717 shares of the company’s stock traded hands, compared to its average volume of 8,360,906. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The company’s 50-day moving average price is $160.15 and its 200-day moving average price is $140.20. The company has a market cap of $478.20 billion, a P/E ratio of 46.77, a P/E/G ratio of 3.23 and a beta of 1.01. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $178.61.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.06. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The firm had revenue of $13.31 billion for the quarter, compared to the consensus estimate of $13.23 billion. During the same quarter in the prior year, the firm posted $0.95 earnings per share. The business’s revenue was up 6.9% on a year-over-year basis. On average, equities analysts expect that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were issued 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 of this dividend was Thursday, October 10th. Oracle’s payout ratio is 43.13%.

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.