Brave Asset Management Inc. decreased its stake in Oracle Co. (NYSE:ORCL – Get Rating) by 23.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,579 shares of the enterprise software provider’s stock after selling 1,746 shares during the quarter. Brave Asset Management Inc.’s holdings in Oracle were worth $390,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of ORCL. Steward Financial Group LLC bought a new stake in Oracle in the first quarter valued at about $33,000. Ulland Investment Advisors LLC boosted its position in shares of Oracle by 469.0% during the first quarter. Ulland Investment Advisors LLC now owns 404 shares of the enterprise software provider’s stock worth $33,000 after buying an additional 333 shares during the period. Bivin & Associates Inc. acquired a new position in shares of Oracle during the fourth quarter worth about $35,000. Western Pacific Wealth Management LP acquired a new position in shares of Oracle during the fourth quarter worth about $43,000. Finally, Exane Derivatives acquired a new position in shares of Oracle during the first quarter worth about $58,000. Institutional investors and hedge funds own 41.92% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on the company. Stifel Nicolaus reduced their price target on Oracle from $83.00 to $72.00 in a research report on Tuesday, June 14th. BNP Paribas raised Oracle from a “neutral” rating to an “outperform” rating and set a $90.00 price target for the company in a research report on Wednesday, June 29th. Credit Suisse Group set a $115.00 price target on Oracle in a research report on Tuesday, September 13th. Exane BNP Paribas raised Oracle from a “neutral” rating to an “outperform” rating in a research report on Wednesday, June 29th. Finally, Cowen reduced their price target on Oracle from $107.00 to $98.00 and set an “outperform” rating for the company in a research report on Thursday, June 9th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $88.67.
Insider Transactions at Oracle
Oracle Trading Down 2.5 %
NYSE ORCL traded down $1.62 during midday trading on Friday, hitting $64.41. The company had a trading volume of 412,225 shares, compared to its average volume of 9,975,058. The company has a market capitalization of $173.63 billion, a PE ratio of 30.63, a P/E/G ratio of 2.02 and a beta of 0.87. The firm has a 50-day moving average price of $74.89 and a 200-day moving average price of $74.58. Oracle Co. has a twelve month low of $63.76 and a twelve month high of $106.34.
Oracle (NYSE:ORCL – Get Rating) last posted its quarterly earnings results on Monday, September 12th. The enterprise software provider reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.07). Oracle had a negative return on equity of 161.07% and a net margin of 13.15%. The business had revenue of $11.45 billion for the quarter, compared to analyst estimates of $11.44 billion. During the same period last year, the firm posted $0.87 EPS. Oracle’s quarterly revenue was up 17.7% on a year-over-year basis. On average, equities analysts anticipate that Oracle Co. will post 4.13 EPS for the current year.
Oracle Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 25th. Stockholders of record on Wednesday, October 12th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Tuesday, October 11th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.99%. Oracle’s dividend payout ratio (DPR) is currently 60.95%.
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 Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.
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