Seelaus Asset Management LLC Sells 855 Shares of Oracle Co. (NYSE:ORCL)

Seelaus Asset Management LLC cut its holdings in Oracle Co. (NYSE:ORCL) by 25.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,542 shares of the enterprise software provider’s stock after selling 855 shares during the period. Seelaus Asset Management LLC’s holdings in Oracle were worth $433,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Blue Barn Wealth LLC bought a new position in Oracle during the first quarter worth $218,000. Patten & Patten Inc. TN grew its stake in Oracle by 13.8% in the 1st quarter. Patten & Patten Inc. TN now owns 9,018 shares of the enterprise software provider’s stock valued at $1,133,000 after buying an additional 1,096 shares during the last quarter. Edgestream Partners L.P. raised its holdings in Oracle by 91.7% in the 1st quarter. Edgestream Partners L.P. now owns 13,771 shares of the enterprise software provider’s stock valued at $1,730,000 after acquiring an additional 6,587 shares during the period. Jacobi Capital Management LLC lifted its position in Oracle by 8.5% during the first quarter. Jacobi Capital Management LLC now owns 14,204 shares of the enterprise software provider’s stock worth $1,784,000 after acquiring an additional 1,109 shares during the last quarter. Finally, Catalytic Wealth RIA LLC boosted its holdings in shares of Oracle by 11.7% during the first quarter. Catalytic Wealth RIA LLC now owns 7,469 shares of the enterprise software provider’s stock worth $938,000 after acquiring an additional 780 shares during the period. Institutional investors own 42.44% of the company’s stock.

Insider Activity

In other news, EVP Maria Smith sold 6,320 shares of Oracle 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 transaction, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. This trade represents a 12.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 42.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on ORCL shares. Morgan Stanley increased their target price on Oracle from $125.00 to $145.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 10th. StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a report on Tuesday. Citigroup boosted 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. Jefferies Financial Group raised their price target on shares of Oracle from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. Finally, Oppenheimer reissued a “market perform” rating on shares of Oracle in a report on Tuesday, September 10th. Eleven equities 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.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $169.52.

Oracle Stock Performance

NYSE:ORCL opened at $183.71 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $191.77. The company has a fifty day moving average of $172.14 and a 200-day moving average of $146.60. The firm has a market capitalization of $509.07 billion, a P/E ratio of 47.35, a P/E/G ratio of 3.49 and a beta of 1.02.

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, beating the consensus estimate of $1.33 by $0.06. The firm had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.95 earnings per share. As a group, sell-side analysts anticipate that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were paid a $0.40 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.87%. Oracle’s dividend payout ratio (DPR) is presently 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.