Verus Capital Partners LLC Sells 131 Shares of Oracle Co. (NYSE:ORCL)

Verus Capital Partners LLC decreased its position in shares of Oracle Co. (NYSE:ORCL) by 0.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,964 shares of the enterprise software provider’s stock after selling 131 shares during the period. Verus Capital Partners LLC’s holdings in Oracle were worth $2,891,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of ORCL. Fairway Wealth LLC acquired a new stake in Oracle during the second quarter worth about $27,000. POM Investment Strategies LLC bought a new stake in shares of Oracle during the 2nd quarter worth approximately $30,000. Bbjs Financial Advisors LLC acquired a new stake in shares of Oracle during the 2nd quarter worth approximately $35,000. Koesten Hirschmann & Crabtree INC. bought a new position in Oracle in the first quarter valued at approximately $38,000. Finally, Quest Partners LLC acquired a new position in Oracle during the second quarter valued at approximately $40,000. Institutional investors own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ORCL shares. Mizuho raised their target price on Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Melius Research raised Oracle from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Piper Sandler raised their price target on shares of Oracle from $150.00 to $175.00 and gave the company an “overweight” rating in a research note on Tuesday, September 10th. Finally, TD Cowen lifted their price target on shares of Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Eleven research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat.com, Oracle currently has a consensus rating of “Moderate Buy” and an average target price of $168.52.

Oracle Stock Performance

Shares of NYSE ORCL opened at $189.13 on Tuesday. The stock has a market cap of $524.09 billion, a price-to-earnings ratio of 48.74, a P/E/G ratio of 3.49 and a beta of 1.02. The stock’s 50-day moving average is $168.43 and its 200 day moving average is $145.03. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $191.50.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $13.23 billion. During the same period in the previous year, the business posted $0.95 EPS. The business’s quarterly revenue was up 6.9% on a year-over-year basis. On average, sell-side analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were issued a $0.40 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.85%. Oracle’s dividend payout ratio is currently 41.24%.

Insider Activity

In related news, EVP Maria Smith sold 6,320 shares of the firm’s 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 transaction, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 42.20% of the stock is currently owned by corporate insiders.

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.