Consolidated Portfolio Review Corp Sells 80 Shares of Oracle Co. (NYSE:ORCL)

Consolidated Portfolio Review Corp reduced its position in Oracle Co. (NYSE:ORCL) by 2.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,121 shares of the enterprise software provider’s stock after selling 80 shares during the period. Consolidated Portfolio Review Corp’s holdings in Oracle were worth $532,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of ORCL. Itau Unibanco Holding S.A. raised its stake in Oracle by 15.3% in the second quarter. Itau Unibanco Holding S.A. now owns 24,800 shares of the enterprise software provider’s stock valued at $3,502,000 after buying an additional 3,300 shares during the last quarter. Goelzer Investment Management Inc. raised its position in shares of Oracle by 25.0% in the 1st quarter. Goelzer Investment Management Inc. now owns 7,492 shares of the enterprise software provider’s stock valued at $941,000 after purchasing an additional 1,500 shares during the last quarter. Buckley Wealth Management LLC boosted its stake in Oracle by 63.8% in the 3rd quarter. Buckley Wealth Management LLC now owns 7,370 shares of the enterprise software provider’s stock worth $1,256,000 after purchasing an additional 2,870 shares in the last quarter. GAMMA Investing LLC grew its position in Oracle by 55.7% during the 2nd quarter. GAMMA Investing LLC now owns 22,315 shares of the enterprise software provider’s stock worth $3,151,000 after purchasing an additional 7,982 shares during the last quarter. Finally, Wesbanco Bank Inc. increased its stake in Oracle by 7.5% during the 3rd quarter. Wesbanco Bank Inc. now owns 126,123 shares of the enterprise software provider’s stock valued at $21,491,000 after purchasing an additional 8,790 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analysts Set New Price Targets

ORCL has been the topic of a number of research analyst reports. Citigroup boosted their price objective on shares of Oracle from $140.00 to $157.00 and gave the company a “neutral” rating in a report on Wednesday, September 11th. Jefferies Financial Group boosted their price target on Oracle from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Monday, September 16th. Bank of America raised their price objective on Oracle from $155.00 to $175.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 10th. JPMorgan Chase & Co. upped their target price on Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Finally, Stifel Nicolaus lifted their price objective on shares of Oracle from $135.00 to $155.00 and gave the company a “hold” rating in a research note on Tuesday, September 10th. Twelve research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $168.52.

Oracle Stock Down 0.5 %

ORCL stock opened at $173.52 on Friday. The stock has a market capitalization 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 52 week low of $99.26 and a 52 week high of $178.61. The firm has a 50-day simple moving average of $160.15 and a 200-day simple moving average of $140.31. 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 (NYSE:ORCL) last announced its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. The business had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The business’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.95 earnings per share. Equities analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date was Thursday, October 10th. Oracle’s payout ratio is 43.13%.

Insider Activity

In related news, EVP Maria Smith sold 6,320 shares of the business’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 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 legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 42.80% of the company’s stock.

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.