Martingale Asset Management L P Sells 27,610 Shares of Oracle Co. (NYSE:ORCL)

Martingale Asset Management L P reduced its position in shares of Oracle Co. (NYSE:ORCL) by 10.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 247,656 shares of the enterprise software provider’s stock after selling 27,610 shares during the period. Oracle accounts for approximately 1.0% of Martingale Asset Management L P’s holdings, making the stock its 13th biggest position. Martingale Asset Management L P’s holdings in Oracle were worth $42,201,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ORCL. Fairway Wealth LLC bought a new stake in Oracle in the 2nd quarter valued at $27,000. POM Investment Strategies LLC acquired a new stake in Oracle in the 2nd quarter worth $30,000. Bbjs Financial Advisors LLC acquired a new stake in Oracle in the 2nd quarter worth $35,000. Reston Wealth Management LLC acquired a new stake in Oracle in the 3rd quarter worth $44,000. Finally, Quest Partners LLC acquired a new stake in Oracle in the 2nd quarter worth $40,000. 42.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ORCL has been the topic of several research analyst reports. BMO Capital Markets raised their price target on shares of Oracle from $160.00 to $173.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 10th. Mizuho raised their price target on shares of Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Piper Sandler lifted their target price on shares of Oracle from $150.00 to $175.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. DA Davidson lifted their target price on shares of Oracle from $105.00 to $140.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. Finally, Citigroup lifted their target price on shares of Oracle from $140.00 to $157.00 and gave the company a “neutral” rating in a research report on Wednesday, September 11th. Eleven research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat, Oracle has an average rating of “Moderate Buy” and a consensus price target of $169.52.

Oracle Trading Down 4.0 %

Shares of NYSE ORCL opened at $182.70 on Friday. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $196.04. The company has a market cap of $506.27 billion, a PE ratio of 47.09, a P/E/G ratio of 3.37 and a beta of 1.02. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. The company has a 50-day moving average of $177.10 and a two-hundred day moving average of $151.11.

Oracle (NYSE:ORCL) last issued its quarterly 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. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The company had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. During the same quarter in the previous year, the company earned $0.95 EPS. Oracle’s revenue was up 6.9% on a year-over-year basis. As a group, equities analysts expect that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.88%. The ex-dividend date was Thursday, October 10th. Oracle’s dividend payout ratio is 41.24%.

Insider Transactions at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the transaction, the executive vice president now owns 42,889 shares in the company, valued at approximately $7,076,685. The trade was a 12.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 42.20% of the stock is owned by corporate 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.