NorthRock Partners LLC Sells 4,263 Shares of Oracle Co. (NYSE:ORCL)

NorthRock Partners LLC decreased its holdings in shares of Oracle Co. (NYSE:ORCL) by 26.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,579 shares of the enterprise software provider’s stock after selling 4,263 shares during the quarter. NorthRock Partners LLC’s holdings in Oracle were worth $1,973,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Janus Henderson Group PLC lifted its position in Oracle by 148.8% in 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 buying an additional 7,699,141 shares during the last quarter. PineStone Asset Management Inc. raised its stake 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 acquiring an additional 2,219,450 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Oracle by 97.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,242,647 shares of the enterprise software provider’s stock worth $532,920,000 after acquiring an additional 2,093,893 shares during the last quarter. International Assets Investment Management LLC boosted its stake in shares of Oracle by 16,023.4% in 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 grew its holdings in shares of 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 valued at $219,224,000 after purchasing an additional 1,526,500 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors.

Insider Activity at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 42.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Barclays upped their price target on shares of Oracle from $160.00 to $172.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. BMO Capital Markets raised their price target on Oracle from $160.00 to $173.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 10th. Jefferies Financial Group boosted their price objective on Oracle from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Monday, September 16th. Piper Sandler raised their target price on shares of Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. Finally, TD Cowen raised their price target on shares of Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. Eleven research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $168.52.

Oracle Stock Up 0.9 %

ORCL stock traded up $1.50 during midday trading on Tuesday, hitting $171.09. The company’s stock had a trading volume of 846,580 shares, compared to its average volume of 8,251,374. The firm’s 50-day moving average is $164.04 and its 200-day moving average is $142.62. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $178.61. The company has a market cap of $474.10 billion, a PE ratio of 43.71, a P/E/G ratio of 3.13 and a beta of 1.02.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 period in the prior year, the company posted $0.95 earnings per share. The company’s quarterly revenue was up 6.9% on a year-over-year basis. On average, equities research analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed 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 0.94%. Oracle’s payout ratio is 41.24%.

About Oracle

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.