Janney Montgomery Scott LLC Has $50.23 Million Stock Position in Oracle Co. (NYSE:ORCL)

Janney Montgomery Scott LLC lessened its holdings in shares of Oracle Co. (NYSE:ORCL) by 12.0% during the first quarter, Holdings Channel.com reports. The institutional investor owned 359,302 shares of the enterprise software provider’s stock after selling 48,830 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Oracle were worth $50,234,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Sunbeam Capital Management LLC acquired a new position in shares of Oracle during the 4th quarter worth approximately $30,000. Hurley Capital LLC bought a new position in Oracle during the fourth quarter worth $33,000. Synergy Investment Management LLC bought a new position in Oracle during the fourth quarter worth $34,000. Mpwm Advisory Solutions LLC acquired a new position in shares of Oracle in the fourth quarter valued at $36,000. Finally, Fourth Dimension Wealth LLC bought a new position in shares of Oracle in the fourth quarter valued at about $36,000. Institutional investors own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on ORCL shares. Loop Capital set a $135.00 target price on shares of Oracle in a report on Tuesday, June 10th. Westpark Capital raised their price objective on shares of Oracle from $195.00 to $246.00 and gave the stock a “buy” rating in a research report on Thursday, June 12th. UBS Group reaffirmed a “buy” rating and issued a $225.00 target price (up previously from $200.00) on shares of Oracle in a research report on Thursday, June 12th. Mizuho lowered their target price on Oracle from $210.00 to $180.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 15th. Finally, Evercore ISI restated an “outperform” rating and issued a $215.00 price target (up from $180.00) on shares of Oracle in a research note on Thursday, June 12th. Eleven research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $194.32.

Insider Buying and Selling at Oracle

In other news, Vice Chairman Jeffrey Henley sold 400,000 shares of the company’s stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $190.42, for a total value of $76,168,000.00. Following the completion of the transaction, the insider now owns 1,097,576 shares of the company’s stock, valued at $209,000,421.92. This represents a 26.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Naomi O. Seligman sold 2,000 shares of Oracle stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total transaction of $291,620.00. Following the sale, the director now owns 34,630 shares in the company, valued at approximately $5,049,400.30. This represents a 5.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 427,366 shares of company stock worth $80,183,723 over the last quarter. Corporate insiders own 42.20% of the company’s stock.

Oracle Trading Down 2.0%

Shares of ORCL opened at $210.94 on Tuesday. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. Oracle Co. has a 52-week low of $118.86 and a 52-week high of $216.60. The firm has a market cap of $589.98 billion, a price-to-earnings ratio of 51.57, a PEG ratio of 3.46 and a beta of 1.32. The business’s fifty day moving average is $154.61 and its 200-day moving average is $160.49.

Oracle (NYSE:ORCL) last released its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.06. The firm had revenue of $15.90 billion for the quarter, compared to analysts’ expectations of $15.58 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.63 earnings per share. Equities analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle’s payout ratio is 46.08%.

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.