Cary Street Partners Asset Management LLC Has $499,000 Stake in Oracle Co. (NYSE:ORCL)

Cary Street Partners Asset Management LLC reduced its holdings in Oracle Co. (NYSE:ORCL) by 2.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,929 shares of the enterprise software provider’s stock after selling 68 shares during the quarter. Cary Street Partners Asset Management LLC’s holdings in Oracle were worth $499,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Fairway Wealth LLC bought a new stake in shares of Oracle during the second quarter valued at approximately $27,000. POM Investment Strategies LLC acquired a new stake in shares of Oracle in the 2nd quarter valued at $30,000. Bbjs Financial Advisors LLC bought a new stake in shares of Oracle during the second quarter worth $35,000. Koesten Hirschmann & Crabtree INC. acquired a new position in shares of Oracle during the first quarter valued at $38,000. Finally, Quest Partners LLC bought a new position in Oracle in the second quarter valued at about $40,000. 42.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on ORCL shares. Royal Bank of Canada assumed coverage on Oracle in a report on Wednesday, October 23rd. They set a “sector perform” rating and a $165.00 price objective for the company. Jefferies Financial Group raised their price objective on shares of Oracle from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Monday, September 16th. DA Davidson upped 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. StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a research report on Monday. Finally, KeyCorp upped their price objective on Oracle from $165.00 to $175.00 and gave the company an “overweight” rating in a report on Tuesday, September 10th. Eleven research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $168.52.

Insiders Place Their Bets

In other news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now owns 42,889 shares in the company, valued at approximately $7,076,685. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 42.20% of the company’s stock.

Oracle Stock Performance

Shares of ORCL opened at $171.82 on Wednesday. The company has a market cap of $476.12 billion, a PE ratio of 44.28, a price-to-earnings-growth ratio of 3.13 and a beta of 1.02. The firm has a 50-day moving average of $164.71 and a 200-day moving average of $143.02. Oracle Co. has a one year low of $99.26 and a one year high of $178.61. 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 posted its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The business had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. During the same quarter last year, the company posted $0.95 earnings per share. Oracle’s quarterly revenue was up 6.9% on a year-over-year basis. As a group, equities analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle’s dividend payout ratio is 41.24%.

Oracle 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.