Boston Family Office LLC Sells 250 Shares of Oracle Co. (NYSE:ORCL)

by · The Cerbat Gem

Boston Family Office LLC decreased its position in Oracle Co. (NYSE:ORCL – Free Report) by 1.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,509 shares of the enterprise software provider’s stock after selling 250 shares during the quarter. Boston Family Office LLC’s holdings in Oracle were worth $2,472,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in ORCL. Blue Whale Capital LLP grew its holdings in shares of Oracle by 825.7% in the third quarter. Blue Whale Capital LLP now owns 251,842 shares of the enterprise software provider’s stock valued at $42,914,000 after purchasing an additional 224,636 shares in the last quarter. DRW Securities LLC lifted its position in Oracle by 101.3% during the third quarter. DRW Securities LLC now owns 4,669 shares of the enterprise software provider’s stock valued at $796,000 after purchasing an additional 353,560 shares during the last quarter. Harvest Fund Management Co. Ltd grew its stake in shares of Oracle by 119.5% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 34,543 shares of the enterprise software provider’s stock worth $5,885,000 after buying an additional 18,803 shares in the last quarter. Bank of Hawaii bought a new stake in shares of Oracle in the 3rd quarter worth about $200,000. Finally, Fisher Asset Management LLC raised its position in shares of Oracle by 1.8% during the 3rd quarter. Fisher Asset Management LLC now owns 17,898,029 shares of the enterprise software provider’s stock valued at $3,049,824,000 after buying an additional 310,709 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ORCL. JMP Securities lifted their price target on Oracle from $175.00 to $205.00 and gave the stock a “market outperform” rating in a research report on Friday, October 18th. Mizuho boosted their target price on Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Barclays raised their price target on Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. Evercore ISI boosted their price objective on shares of Oracle from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Finally, Piper Sandler raised their target price on shares of Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating 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. Based on data from MarketBeat, Oracle presently has a consensus rating of “Moderate Buy” and an average target price of $169.52.

View Our Latest Stock Report on Oracle

Oracle Price Performance

ORCL opened at $192.29 on Monday. The firm has a market capitalization of $532.85 billion, a PE ratio of 49.56, a price-to-earnings-growth ratio of 3.54 and a beta of 1.02. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. The business’s 50-day moving average is $175.62 and its two-hundred day moving average is $149.64. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $196.04.

Oracle (NYSE:ORCL – Get Free Report) last issued its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $13.23 billion. During the same quarter in the previous year, the firm earned $0.95 EPS. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. Research analysts anticipate 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. Stockholders of record on Thursday, October 10th were given 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 dividend yield of 0.83%. Oracle’s payout ratio is 41.24%.

Insider Buying and Selling

In other Oracle news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction that occurred on 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 sale, the executive vice president now owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. The trade was a 12.84 % decrease in their position. 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 owned by company insiders.

Oracle Profile

(Free Report)

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.

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