Jones Financial Companies Lllp Sells 78,008 Shares of Oracle Corporation $ORCL

Key Points

• Jones Financial Companies Lllp reduced its stake in Oracle Corporation by 69.8%, selling 78,008 shares and holding 33,812 shares worth approximately $4.7 million as of the latest reporting period.
• Oracle recently reported an earnings per share (EPS) of $1.70 for the quarter, exceeding analyst expectations of $1.64, along with revenues of $15.90 billion, a year-over-year increase of 11.3%.
• The company announced a quarterly dividend of $0.50 per share, with a dividend yield of 0.8%, scheduled for payment on October 23rd.

Jones Financial Companies Lllp lessened its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 69.8% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,812 shares of the enterprise software provider's stock after selling 78,008 shares during the period. Jones Financial Companies Lllp's holdings in Oracle were worth $4,706,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of ORCL. Vanguard Group Inc. lifted its stake in shares of Oracle by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 160,925,413 shares of the enterprise software provider's stock valued at $22,498,982,000 after buying an additional 3,513,464 shares in the last quarter. Northern Trust Corp grew its position in shares of Oracle by 0.6% in the first quarter. Northern Trust Corp now owns 19,741,423 shares of the enterprise software provider's stock valued at $2,760,048,000 after purchasing an additional 120,889 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Oracle by 20.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,825,360 shares of the enterprise software provider's stock valued at $2,303,858,000 after purchasing an additional 2,350,448 shares during the period. Amundi lifted its holdings in Oracle by 3.3% during the 1st quarter. Amundi now owns 12,736,855 shares of the enterprise software provider's stock worth $1,749,280,000 after purchasing an additional 409,691 shares in the last quarter. Finally, Polen Capital Management LLC boosted its stake in Oracle by 17.6% in the 1st quarter. Polen Capital Management LLC now owns 12,609,101 shares of the enterprise software provider's stock worth $1,762,878,000 after purchasing an additional 1,885,370 shares during the period. 42.44% of the stock is owned by institutional investors.

Oracle Price Performance

Shares of Oracle stock opened at $241.67 on Wednesday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. The company's fifty day simple moving average is $240.23 and its two-hundred day simple moving average is $187.60. The firm has a market cap of $678.81 billion, a PE ratio of 55.68, a price-to-earnings-growth ratio of 3.56 and a beta of 1.46. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $260.87.

Oracle (NYSE:ORCL - Get Free Report) last released its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, topping analysts' consensus estimates of $1.64 by $0.06. Oracle had a return on equity of 87.34% and a net margin of 21.68%.The firm had revenue of $15.90 billion for the quarter, compared to analysts' expectations of $15.58 billion. During the same period in the prior year, the firm posted $1.63 earnings per share. The company's quarterly revenue was up 11.3% on a year-over-year basis. As a group, equities analysts expect that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 9th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.8%. Oracle's payout ratio is currently 46.08%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on ORCL shares. Roth Capital restated a "hold" rating on shares of Oracle in a research report on Wednesday, June 18th. Piper Sandler raised shares of Oracle from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $190.00 to $270.00 in a report on Thursday, July 10th. CIBC reissued a "buy" rating on shares of Oracle in a research note on Monday, June 9th. Oppenheimer reiterated an "outperform" rating on shares of Oracle in a research report on Wednesday, June 18th. Finally, Bank of America raised their price objective on Oracle from $220.00 to $295.00 and gave the company a "neutral" rating in a report on Tuesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $235.61.

Insider Activity at Oracle

In other Oracle news, insider Clayton M. Magouyrk sold 15,000 shares of the stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total value of $3,211,500.00. Following the transaction, the insider owned 60,722 shares of the company's stock, valued at approximately $13,000,580.20. This represents a 19.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Maria Smith sold 10,000 shares of the business's stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $232.99, for a total value of $2,329,900.00. Following the sale, the executive vice president owned 40,807 shares of the company's stock, valued at approximately $9,507,622.93. This represents a 19.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 444,183 shares of company stock valued at $86,521,198 in the last 90 days. 42.20% of the stock is owned by company insiders.

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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