Koshinski Asset Management Inc. Sells 232 Shares of Oracle Co. (NYSE:ORCL)

Koshinski Asset Management Inc. cut its stake in Oracle Co. (NYSE:ORCLGet Rating) by 2.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,627 shares of the enterprise software provider’s stock after selling 232 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Oracle were worth $812,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of ORCL. Steward Financial Group LLC purchased a new stake in Oracle in the first quarter worth $33,000. Ulland Investment Advisors LLC increased its stake in Oracle by 469.0% in the first quarter. Ulland Investment Advisors LLC now owns 404 shares of the enterprise software provider’s stock worth $33,000 after purchasing an additional 333 shares during the period. Bivin & Associates Inc. purchased a new stake in Oracle in the fourth quarter worth $35,000. Western Pacific Wealth Management LP purchased a new stake in Oracle in the fourth quarter worth $43,000. Finally, Exane Derivatives purchased a new stake in Oracle in the first quarter worth $58,000. 41.92% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on ORCL shares. Evercore ISI increased their target price on Oracle from $78.00 to $87.00 and gave the stock an “in-line” rating in a research note on Tuesday, September 13th. Barclays set a $82.00 price target on Oracle in a research note on Thursday, September 15th. Cowen cut their price target on Oracle from $107.00 to $98.00 in a research note on Thursday, June 9th. The Goldman Sachs Group restated a “sell” rating and set a $75.00 price target on shares of Oracle in a research note on Monday, June 27th. Finally, Jefferies Financial Group set a $80.00 price target on Oracle in a research note on Tuesday, September 13th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $88.67.

Insider Activity at Oracle

In related news, CEO Safra Catz sold 980,000 shares of Oracle stock in a transaction that occurred on Friday, June 24th. The stock was sold at an average price of $69.80, for a total transaction of $68,404,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $78,077,721.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Edward Screven sold 419,174 shares of the business’s stock in a transaction that occurred on Wednesday, June 29th. The stock was sold at an average price of $69.22, for a total value of $29,015,224.28. Following the completion of the sale, the insider now directly owns 2,492,613 shares in the company, valued at $172,538,671.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Safra Catz sold 980,000 shares of the business’s stock in a transaction that occurred on Friday, June 24th. The shares were sold at an average price of $69.80, for a total value of $68,404,000.00. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $78,077,721.60. The disclosure for this sale can be found here. 39.10% of the stock is owned by company insiders.

Oracle Stock Down 2.0 %

Oracle stock opened at $66.75 on Thursday. Oracle Co. has a 52 week low of $63.76 and a 52 week high of $106.34. The company has a market capitalization of $179.93 billion, a price-to-earnings ratio of 31.79, a price-to-earnings-growth ratio of 2.06 and a beta of 0.87. The stock has a 50-day moving average price of $74.96 and a 200 day moving average price of $74.64.

Oracle (NYSE:ORCLGet Rating) last released its earnings results on Monday, September 12th. The enterprise software provider reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.07). Oracle had a negative return on equity of 161.07% and a net margin of 13.15%. The firm had revenue of $11.45 billion for the quarter, compared to analyst estimates of $11.44 billion. During the same period last year, the firm earned $0.87 EPS. The company’s revenue for the quarter was up 17.7% compared to the same quarter last year. Research analysts anticipate that Oracle Co. will post 4.13 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 25th. Investors of record on Wednesday, October 12th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend is Tuesday, October 11th. Oracle’s dividend payout ratio is currently 60.95%.

About Oracle

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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 Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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