Sargent Investment Group LLC Sells 970 Shares of Oracle Co. (NYSE:ORCL)

Sargent Investment Group LLC reduced its position in shares of Oracle Co. (NYSE:ORCL) by 7.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,685 shares of the enterprise software provider’s stock after selling 970 shares during the quarter. Sargent Investment Group LLC’s holdings in Oracle were worth $1,991,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fairway Wealth LLC acquired a new position in shares of Oracle in the second quarter valued at about $27,000. POM Investment Strategies LLC bought a new position in shares of Oracle in the second quarter worth about $30,000. Bbjs Financial Advisors LLC bought a new position in Oracle in the 2nd quarter valued at approximately $35,000. Koesten Hirschmann & Crabtree INC. acquired a new stake in shares of Oracle during the 1st quarter worth approximately $38,000. Finally, Quest Partners LLC acquired a new stake in shares of Oracle during the 2nd quarter worth approximately $40,000. 42.44% of the stock is owned by institutional investors.

Insider Buying and Selling at Oracle

In other news, EVP Maria Smith sold 6,320 shares of Oracle 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 completion of the sale, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 42.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. KeyCorp lifted their price objective on shares of Oracle from $165.00 to $175.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. BMO Capital Markets lifted their target price on Oracle from $160.00 to $173.00 and gave the stock a “market perform” rating in a research note on Tuesday, September 10th. Morgan Stanley boosted their price objective on Oracle from $125.00 to $145.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 10th. Bank of America boosted their price objective on Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. Finally, Citigroup lifted their target price on Oracle from $140.00 to $157.00 and gave the company a “neutral” rating in a report on Wednesday, September 11th. Eleven research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and a consensus target price of $168.52.

Oracle Trading Down 0.4 %

ORCL stock traded down $0.84 during midday trading on Thursday, hitting $188.79. The company had a trading volume of 1,880,108 shares, compared to its average volume of 8,225,104. The stock’s 50 day moving average price is $170.41 and its 200 day moving average price is $145.85. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. The stock has a market cap of $523.15 billion, a price-to-earnings ratio of 48.68, a PEG ratio of 3.49 and a beta of 1.02. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $191.77.

Oracle (NYSE:ORCL) last announced its earnings results 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 business had revenue of $13.31 billion for the quarter, compared to analysts’ expectations of $13.23 billion. During the same period last year, the firm posted $0.95 earnings per share. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. As a group, equities research analysts expect that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

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