Janney Montgomery Scott LLC Has $50.23 Million Stock Position in Oracle Co. (NYSE:ORCL)

Janney Montgomery Scott LLC reduced its stake in shares of Oracle Co. (NYSE:ORCL - Free Report) by 12.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 359,302 shares of the enterprise software provider's stock after selling 48,830 shares during the quarter. Janney Montgomery Scott LLC's holdings in Oracle were worth $50,234,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Northstar Group Inc. lifted its stake in shares of Oracle by 21.6% in the first quarter. Northstar Group Inc. now owns 7,052 shares of the enterprise software provider's stock valued at $986,000 after buying an additional 1,255 shares during the period. Brown Miller Wealth Management LLC bought a new stake in shares of Oracle in the 1st quarter worth approximately $283,000. 1900 Wealth Management LLC grew its holdings in shares of Oracle by 22.7% during the 1st quarter. 1900 Wealth Management LLC now owns 4,536 shares of the enterprise software provider's stock worth $634,000 after purchasing an additional 839 shares in the last quarter. Cyndeo Wealth Partners LLC increased its position in shares of Oracle by 40.6% during the first quarter. Cyndeo Wealth Partners LLC now owns 104,534 shares of the enterprise software provider's stock valued at $14,615,000 after purchasing an additional 30,166 shares during the period. Finally, Rebalance LLC raised its stake in shares of Oracle by 5.8% in the first quarter. Rebalance LLC now owns 4,285 shares of the enterprise software provider's stock valued at $599,000 after purchasing an additional 235 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Stock Down 2.0%

Shares of ORCL opened at $210.94 on Tuesday. The firm has a market capitalization of $589.98 billion, a price-to-earnings ratio of 51.57, a PEG ratio of 3.46 and a beta of 1.32. Oracle Co. has a 52 week low of $118.86 and a 52 week high of $216.60. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The business's fifty day moving average price is $154.61 and its two-hundred day moving average price is $160.49.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.64 by $0.06. The firm had revenue of $15.90 billion for the quarter, compared to analysts' expectations of $15.58 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business's revenue for the quarter was up 11.3% on a year-over-year basis. During the same period last year, the firm earned $1.63 earnings per share. On average, analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.95%. The ex-dividend date is Thursday, July 10th. Oracle's dividend payout ratio (DPR) is presently 46.08%.

Insider Activity

In related news, Director Naomi O. Seligman sold 2,000 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total transaction of $291,620.00. Following the completion of the transaction, the director now directly owns 34,630 shares of the company's stock, valued at approximately $5,049,400.30. This represents a 5.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $190.42, for a total value of $76,168,000.00. Following the sale, the insider now owns 1,097,576 shares in the company, valued at approximately $209,000,421.92. This represents a 26.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold 427,366 shares of company stock worth $80,183,723 over the last quarter. 42.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on ORCL shares. Barclays reissued an "overweight" rating and issued a $221.00 price target (up previously from $202.00) on shares of Oracle in a report on Friday. Cantor Fitzgerald cut their price target on shares of Oracle from $214.00 to $175.00 and set an "overweight" rating for the company in a research note on Tuesday, March 11th. Evercore ISI reiterated an "outperform" rating and issued a $215.00 price objective (up from $180.00) on shares of Oracle in a research note on Thursday, June 12th. JMP Securities set a $240.00 target price on Oracle and gave the stock a "market outperform" rating in a research report on Thursday, June 12th. Finally, Monness Crespi & Hardt upgraded Oracle from a "sell" rating to a "neutral" rating in a research report on Monday, March 3rd. Eleven investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Oracle has a consensus rating of "Moderate Buy" and an average target price of $194.32.

Oracle 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.

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