GSA Capital Partners LLP Has $1.30 Million Holdings in Oracle Co. (NYSE:ORCL)

GSA Capital Partners LLP cut its holdings in Oracle Co. (NYSE:ORCL) by 1.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,612 shares of the enterprise software provider’s stock after selling 144 shares during the quarter. GSA Capital Partners LLP’s holdings in Oracle were worth $1,297,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Fairway Wealth LLC bought a new position in Oracle in the second quarter valued at about $27,000. POM Investment Strategies LLC bought a new position in Oracle in the second quarter valued at about $30,000. Bbjs Financial Advisors LLC bought a new position in Oracle in the second quarter valued at about $35,000. Reston Wealth Management LLC bought a new position in Oracle in the third quarter valued at about $44,000. Finally, Quest Partners LLC bought a new position in shares of Oracle during the second quarter worth about $40,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ORCL. JPMorgan Chase & Co. raised their price objective on Oracle from $110.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Melius Research upgraded Oracle from a “hold” rating to a “buy” rating in a research report on Monday, September 16th. Barclays raised their price objective on Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. Piper Sandler raised their price objective on Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. Finally, StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a report on Tuesday. Eleven equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $168.52.

Oracle Stock Down 1.3 %

Shares of NYSE:ORCL opened at $187.08 on Friday. The stock has a market cap of $518.41 billion, a price-to-earnings ratio of 48.22, a PEG ratio of 3.49 and a beta of 1.02. 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 12-month low of $99.26 and a 12-month high of $191.77. The business’s 50 day moving average is $170.41 and its 200 day moving average is $145.85.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.06. The company had revenue of $13.31 billion for 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%. Oracle’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.95 earnings per share. On average, sell-side analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were given a $0.40 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.86%. Oracle’s dividend payout ratio is currently 41.24%.

Insiders Place Their Bets

In other Oracle news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $165.00, for a total value of $1,042,800.00. Following the sale, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. The trade was a 12.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 42.20% 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.