Gold Investment Management Ltd. Sells 640 Shares of Oracle Co. (NYSE:ORCL)

Gold Investment Management Ltd. lessened its holdings in shares of Oracle Co. (NYSE:ORCL) by 4.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,625 shares of the enterprise software provider’s stock after selling 640 shares during the quarter. Gold Investment Management Ltd.’s holdings in Oracle were worth $2,144,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ORCL. Quantum Private Wealth LLC boosted its position in shares of Oracle by 23.1% in the third quarter. Quantum Private Wealth LLC now owns 3,334 shares of the enterprise software provider’s stock valued at $568,000 after acquiring an additional 625 shares during the period. AIA Group Ltd boosted its position in shares of Oracle by 7.1% in the third quarter. AIA Group Ltd now owns 10,447 shares of the enterprise software provider’s stock valued at $1,780,000 after acquiring an additional 696 shares during the period. Summit Global Investments bought a new position in shares of Oracle in the third quarter valued at approximately $436,000. Winthrop Advisory Group LLC boosted its position in shares of Oracle by 4.3% in the third quarter. Winthrop Advisory Group LLC now owns 4,972 shares of the enterprise software provider’s stock valued at $847,000 after acquiring an additional 203 shares during the period. Finally, Lewis Asset Management LLC boosted its position in shares of Oracle by 19.0% in the third quarter. Lewis Asset Management LLC now owns 7,206 shares of the enterprise software provider’s stock valued at $1,228,000 after acquiring an additional 1,152 shares during the period. Institutional investors own 42.44% of the company’s stock.

Insider Activity

In other news, EVP Maria Smith sold 6,320 shares of Oracle 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 completion of the transaction, the executive vice president now directly owns 42,889 shares in the company, valued at approximately $7,076,685. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 42.20% of the company’s stock.

Wall Street Analyst Weigh In

ORCL has been the subject of a number of analyst reports. Morgan Stanley raised their price objective on shares of Oracle from $125.00 to $145.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 10th. Melius Research upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research report on Monday, September 16th. DA Davidson lifted their target price on shares of Oracle from $105.00 to $140.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. Royal Bank of Canada started coverage on shares of Oracle in a research report on Wednesday, October 23rd. They set a “sector perform” rating and a $165.00 target price for the company. Finally, Evercore ISI lifted their target price 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. Eleven analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Oracle has a consensus rating of “Moderate Buy” and a consensus price target of $168.52.

Oracle Stock Performance

NYSE:ORCL opened at $187.49 on Friday. The stock has a market cap of $519.55 billion, a P/E ratio of 48.02, a price-to-earnings-growth ratio of 3.12 and a beta of 1.02. The firm’s fifty day simple moving average is $165.58 and its 200 day simple moving average is $143.29. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $188.46. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. The firm had revenue of $13.31 billion for the quarter, compared to analysts’ expectations of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The company’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.95 EPS. As a group, research analysts predict that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were issued a dividend of $0.40 per share. The ex-dividend date was Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.85%. Oracle’s payout ratio is 41.24%.

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.