Nations Financial Group Inc. IA ADV Sells 6,148 Shares of Oracle Co. (NYSE:ORCL)

Nations Financial Group Inc. IA ADV reduced its position in Oracle Co. (NYSE:ORCL - Free Report) by 22.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,822 shares of the enterprise software provider's stock after selling 6,148 shares during the quarter. Nations Financial Group Inc. IA ADV's holdings in Oracle were worth $3,548,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Janus Henderson Group PLC lifted its position in Oracle by 148.8% during the 1st quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider's stock worth $1,616,855,000 after acquiring an additional 7,699,141 shares in the last quarter. PineStone Asset Management Inc. lifted its position in shares of Oracle by 131.2% during the second quarter. PineStone Asset Management Inc. now owns 3,911,201 shares of the enterprise software provider's stock worth $552,262,000 after purchasing an additional 2,219,450 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Oracle by 97.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,242,647 shares of the enterprise software provider's stock valued at $532,920,000 after purchasing an additional 2,093,893 shares during the period. International Assets Investment Management LLC grew its holdings in Oracle by 16,023.4% during the 3rd quarter. International Assets Investment Management LLC now owns 2,065,083 shares of the enterprise software provider's stock valued at $351,890,000 after purchasing an additional 2,052,275 shares in the last quarter. Finally, Altshuler Shaham Ltd increased its stake in Oracle by 5,853.1% during the 2nd quarter. Altshuler Shaham Ltd now owns 1,552,580 shares of the enterprise software provider's stock worth $219,224,000 after buying an additional 1,526,500 shares during the period. 42.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ORCL has been the topic of several analyst reports. Sanford C. Bernstein lifted their price objective on Oracle from $201.00 to $202.00 and gave the stock an "outperform" rating in a report on Monday, September 30th. Melius Research raised shares of Oracle from a "hold" rating to a "buy" rating in a report on Monday, September 16th. Royal Bank of Canada began coverage on shares of Oracle in a report on Wednesday, October 23rd. They set a "sector perform" rating and a $165.00 price objective for the company. Morgan Stanley upped their target price on shares of Oracle from $125.00 to $145.00 and gave the company an "equal weight" rating in a research note on Tuesday, September 10th. Finally, JPMorgan Chase & Co. upped their price objective on Oracle from $110.00 to $120.00 and gave the company a "neutral" rating in a research note on Monday, September 9th. Eleven research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $168.52.

Oracle Price Performance

Oracle stock traded down $0.12 during mid-day trading on Monday, hitting $189.13. 5,946,285 shares of the company were exchanged, compared to its average volume of 8,274,041. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $191.50. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The business has a fifty day moving average of $167.47 and a 200 day moving average of $144.51. The company has a market capitalization of $524.09 billion, a PE ratio of 48.74, a price-to-earnings-growth ratio of 3.49 and a beta of 1.02.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. 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 prior year, the business earned $0.95 EPS. The business's revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, sell-side analysts expect that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date was Thursday, October 10th. Oracle's payout ratio is currently 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 stock was sold at an average price of $165.00, for a total value of $1,042,800.00. Following the sale, the executive vice president now owns 42,889 shares in the company, valued at approximately $7,076,685. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 42.20% of the stock is currently owned by company insiders.

Oracle Company 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.