Aberdeen Wealth Management LLC Sells 325 Shares of Oracle Co. (NYSE:ORCL)

Aberdeen Wealth Management LLC lowered its holdings in shares of Oracle Co. (NYSE:ORCL) by 8.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,320 shares of the enterprise software provider’s stock after selling 325 shares during the period. Aberdeen Wealth Management LLC’s holdings in Oracle were worth $566,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in ORCL. Eagle Rock Investment Company LLC boosted its position in shares of Oracle by 0.4% during the third quarter. Eagle Rock Investment Company LLC now owns 17,626 shares of the enterprise software provider’s stock worth $3,003,000 after acquiring an additional 64 shares during the last quarter. W Advisors LLC lifted its stake in Oracle by 3.1% in the 3rd quarter. W Advisors LLC now owns 2,158 shares of the enterprise software provider’s stock worth $368,000 after purchasing an additional 64 shares in the last quarter. Versant Capital Management Inc boosted its holdings in shares of Oracle by 1.7% during the 3rd quarter. Versant Capital Management Inc now owns 3,957 shares of the enterprise software provider’s stock valued at $674,000 after purchasing an additional 65 shares during the last quarter. Oak Ridge Investments LLC lifted its position in shares of Oracle by 3.9% in the third quarter. Oak Ridge Investments LLC now owns 1,730 shares of the enterprise software provider’s stock worth $295,000 after buying an additional 65 shares in the last quarter. Finally, Trust Point Inc. boosted its stake in Oracle by 0.5% during the third quarter. Trust Point Inc. now owns 13,606 shares of the enterprise software provider’s stock valued at $2,318,000 after buying an additional 66 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insiders Place Their Bets

In other 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 completion of the sale, the executive vice president now owns 42,889 shares of the company’s stock, valued at $7,076,685. The trade was a 12.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 42.20% of the stock is currently owned by company insiders.

Oracle Price Performance

Shares of ORCL opened at $185.75 on Tuesday. The company has a market capitalization of $514.72 billion, a P/E ratio of 47.87, a P/E/G ratio of 3.39 and a beta of 1.02. The business’s 50-day moving average is $173.06 and its two-hundred day moving average is $147.56. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $191.77.

Oracle (NYSE:ORCL) last posted its earnings results 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. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The firm had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. During the same period in the previous year, the firm earned $0.95 EPS. The business’s quarterly revenue was up 6.9% on a year-over-year basis. Research analysts predict 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. Investors 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 annualized dividend and a dividend yield of 0.86%. Oracle’s dividend payout ratio is presently 41.24%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ORCL. Guggenheim upped their price objective on Oracle from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, September 13th. TD Cowen increased their price objective on shares of Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. Bank of America increased their target price on shares of Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. Piper Sandler upped their target price on Oracle from $150.00 to $175.00 and gave the company an “overweight” rating in a research note on Tuesday, September 10th. Finally, Melius raised Oracle from a “hold” rating to a “buy” rating and set a $210.00 price target for the company in a research note on Monday, September 16th. Eleven research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $169.52.

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.