Pekin Hardy Strauss Inc. Sells 1,180 Shares of Oracle Co. (NYSE:ORCL)

Pekin Hardy Strauss Inc. trimmed its position in Oracle Co. (NYSE:ORCL) by 30.1% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 2,745 shares of the enterprise software provider’s stock after selling 1,180 shares during the period. Pekin Hardy Strauss Inc.’s holdings in Oracle were worth $468,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Summit Trail Advisors LLC increased its position in Oracle by 33.0% in the third quarter. Summit Trail Advisors LLC now owns 20,341 shares of the enterprise software provider’s stock worth $3,466,000 after purchasing an additional 5,045 shares during the period. Cahill Financial Advisors Inc. grew its position in shares of Oracle by 10.4% during the 3rd quarter. Cahill Financial Advisors Inc. now owns 3,616 shares of the enterprise software provider’s stock worth $616,000 after buying an additional 342 shares during the period. SevenBridge Financial Group LLC raised its stake in shares of Oracle by 3.4% during the third quarter. SevenBridge Financial Group LLC now owns 52,162 shares of the enterprise software provider’s stock worth $9,865,000 after buying an additional 1,712 shares during the last quarter. Westfield Capital Management Co. LP bought a new position in Oracle in the third quarter valued at approximately $100,339,000. Finally, Centaurus Financial Inc. grew its holdings in Oracle by 20.0% during the 3rd quarter. Centaurus Financial Inc. now owns 33,556 shares of the enterprise software provider’s stock worth $5,718,000 after acquiring an additional 5,601 shares during the period. 42.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on ORCL shares. Evercore ISI increased their price target on Oracle from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. JPMorgan Chase & Co. boosted their target price on Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Morgan Stanley increased their price target on Oracle from $125.00 to $145.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 10th. DA Davidson upped their price objective on Oracle from $105.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. Finally, Barclays raised their price objective on shares of Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. Eleven analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and a consensus price target of $169.52.

Oracle Stock Down 0.1 %

Shares of Oracle stock opened at $192.29 on Monday. The stock has a market capitalization of $532.85 billion, a price-to-earnings ratio of 49.56, a P/E/G ratio of 3.54 and a beta of 1.02. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $196.04. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. The company’s 50 day moving average price is $175.62 and its 200-day moving average price is $149.64.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.06. The business had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The business’s revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the business posted $0.95 EPS. Equities research analysts forecast that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were issued a $0.40 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.83%. Oracle’s dividend payout ratio (DPR) is presently 41.24%.

Insider Transactions at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the sale, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. This trade represents a 12.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 42.20% of the company’s stock.

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.