Professional Advisory Services Inc. Sells 64,341 Shares of Oracle Corporation $ORCL

Professional Advisory Services Inc. lowered its position in shares of Oracle Corporation (NYSE:ORCLFree Report) by 53.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 56,334 shares of the enterprise software provider’s stock after selling 64,341 shares during the quarter. Oracle accounts for 2.1% of Professional Advisory Services Inc.’s holdings, making the stock its 27th biggest position. Professional Advisory Services Inc.’s holdings in Oracle were worth $15,843,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Darwin Wealth Management LLC grew its position in Oracle by 130.0% in the third quarter. Darwin Wealth Management LLC now owns 115 shares of the enterprise software provider’s stock valued at $32,000 after purchasing an additional 65 shares in the last quarter. Winnow Wealth LLC bought a new stake in Oracle during the 2nd quarter worth about $28,000. Financial Consulate Inc. acquired a new position in shares of Oracle during the 3rd quarter worth about $37,000. Corundum Trust Company INC bought a new position in shares of Oracle in the 3rd quarter valued at about $39,000. Finally, Kilter Group LLC acquired a new stake in shares of Oracle in the second quarter valued at about $30,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Oracle

In related news, CEO Clayton M. Magouyrk sold 10,000 shares of the business’s stock in a transaction on Friday, December 19th. The stock was sold at an average price of $192.52, for a total value of $1,925,200.00. Following the completion of the sale, the chief executive officer directly owned 144,030 shares in the company, valued at $27,728,655.60. The trade was a 6.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Douglas A. Kehring sold 35,000 shares of the company’s stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $194.89, for a total value of $6,821,150.00. Following the completion of the transaction, the executive vice president directly owned 33,638 shares in the company, valued at approximately $6,555,709.82. This represents a 50.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 116,588 shares of company stock valued at $27,511,146. Insiders own 40.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on ORCL shares. Robert W. Baird reduced their price target on Oracle from $365.00 to $315.00 and set an “outperform” rating for the company in a research report on Tuesday, November 18th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Oracle in a research note on Monday, December 29th. KeyCorp decreased their target price on shares of Oracle from $350.00 to $300.00 and set an “overweight” rating for the company in a research note on Thursday, December 11th. Scotiabank lowered their target price on shares of Oracle from $360.00 to $260.00 and set a “sector outperform” rating on the stock in a report on Thursday, December 11th. Finally, Cantor Fitzgerald dropped their price target on shares of Oracle from $400.00 to $320.00 and set an “overweight” rating on the stock in a research report on Thursday, December 11th. Four analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $305.50.

Check Out Our Latest Report on ORCL

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Oracle Price Performance

Shares of ORCL opened at $191.27 on Tuesday. The firm has a market capitalization of $549.54 billion, a PE ratio of 35.95, a PEG ratio of 1.68 and a beta of 1.65. The company’s 50-day moving average is $202.25 and its 200-day moving average is $241.21. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $345.72. The company has a debt-to-equity ratio of 3.28, a current ratio of 0.91 and a quick ratio of 0.91.

Oracle (NYSE:ORCLGet Free Report) last announced its earnings results on Wednesday, December 10th. The enterprise software provider reported $2.26 EPS for the quarter, topping the consensus estimate of $1.64 by $0.62. Oracle had a net margin of 25.28% and a return on equity of 70.60%. The business had revenue of $16.06 billion during the quarter, compared to the consensus estimate of $16.19 billion. During the same quarter in the previous year, the firm posted $1.47 EPS. Oracle’s revenue was up 14.2% compared to the same quarter last year. Equities analysts forecast that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, January 9th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, January 9th. Oracle’s payout ratio is currently 37.59%.

About Oracle

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Oracle Corporation is a multinational technology company that develops and sells database software, cloud engineered systems, enterprise software applications and related services. The company is widely known for its flagship Oracle Database and a portfolio of enterprise-grade software products that support data management, application development, analytics and middleware. Over recent years Oracle has expanded its focus to include cloud infrastructure and cloud applications, positioning itself as a provider of both platform and software-as-a-service solutions for large organizations.

Oracle’s product and service offerings include Oracle Database and the Autonomous Database, Oracle Cloud Infrastructure (OCI), enterprise resource planning (ERP), human capital management (HCM) and supply chain management (SCM) cloud applications (often grouped under Oracle Fusion Cloud Applications), middleware such as WebLogic, and developer technologies including Java and MySQL.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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