Linscomb Wealth Inc. Decreases Stake in Oracle Co. (NYSE:ORCL)

Linscomb Wealth Inc. trimmed its holdings in shares of Oracle Co. (NYSE:ORCL) by 3.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,551 shares of the enterprise software provider’s stock after selling 1,324 shares during the period. Linscomb Wealth Inc.’s holdings in Oracle were worth $5,443,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Westend Capital Management LLC purchased a new stake in Oracle during the 1st quarter worth approximately $25,000. POM Investment Strategies LLC acquired a new position in Oracle during the 2nd quarter worth $30,000. Bbjs Financial Advisors LLC bought a new stake in shares of Oracle in the 2nd quarter worth about $35,000. Tidemark LLC acquired a new stake in Oracle during the fourth quarter valued at approximately $29,000. Finally, Frank Rimerman Advisors LLC acquired a new position in Oracle in the fourth quarter worth $30,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on ORCL. Citigroup reduced their price target on Oracle from $133.00 to $128.00 and set a “neutral” rating for the company in a research report on Monday, June 10th. Evercore ISI increased their price target on Oracle from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Tuesday. Barclays boosted their target price on shares of Oracle from $160.00 to $172.00 and gave the company an “overweight” rating in a research note on Tuesday. Mizuho raised their price objective on shares of Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a research report on Tuesday. Finally, JMP Securities upgraded shares of Oracle from a “market perform” rating to an “outperform” rating and set a $175.00 target price on the stock in a report on Tuesday. Twelve equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $157.52.

Oracle Stock Performance

NYSE:ORCL opened at $155.82 on Wednesday. The company has a current ratio of 0.71, a quick ratio of 0.72 and a debt-to-equity ratio of 8.25. The stock has a 50-day moving average price of $138.90 and a 200 day moving average price of $129.13. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $160.52. The stock has a market capitalization of $429.42 billion, a P/E ratio of 42.00, a P/E/G ratio of 2.56 and a beta of 1.01.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.06. The business had revenue of $13.31 billion for the quarter, compared to the consensus estimate of $13.23 billion. Oracle had a net margin of 19.76% and a return on equity of 223.01%. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.95 earnings per share. Equities research analysts forecast that Oracle Co. will post 5.02 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date is Thursday, October 10th. Oracle’s dividend payout ratio is presently 43.13%.

Insiders Place Their Bets

In other news, Director Leon E. Panetta sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $137.89, for a total value of $2,068,350.00. Following the completion of the sale, the director now directly owns 58,090 shares in the company, valued at $8,010,030.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Leon E. Panetta sold 15,000 shares of the company’s stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $137.89, for a total value of $2,068,350.00. Following the transaction, the director now owns 58,090 shares of the company’s stock, valued at approximately $8,010,030.10. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of Oracle stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the completion of the sale, the chairman now owns 1,145,732,353 shares of the company’s stock, valued at approximately $164,630,281,802.57. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,862,500 shares of company stock valued at $266,776,624. 42.80% of the stock is owned by 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.