KPP Advisory Services LLC Sells 520 Shares of Oracle Co. (NYSE:ORCL)

KPP Advisory Services LLC trimmed its position in Oracle Co. (NYSE:ORCL) by 11.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,843 shares of the enterprise software provider’s stock after selling 520 shares during the quarter. KPP Advisory Services LLC’s holdings in Oracle were worth $543,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in ORCL. Vanguard Group Inc. boosted its position in shares of Oracle by 1.0% during the first quarter. Vanguard Group Inc. now owns 151,213,890 shares of the enterprise software provider’s stock valued at $18,993,977,000 after buying an additional 1,514,569 shares during the period. Capital World Investors boosted its position in shares of Oracle by 0.4% during the first quarter. Capital World Investors now owns 18,466,713 shares of the enterprise software provider’s stock valued at $2,319,604,000 after buying an additional 82,551 shares during the period. Legal & General Group Plc boosted its position in shares of Oracle by 2.3% during the second quarter. Legal & General Group Plc now owns 13,242,340 shares of the enterprise software provider’s stock valued at $1,869,816,000 after buying an additional 296,866 shares during the period. Janus Henderson Group PLC boosted its position in shares of Oracle by 148.8% during the first quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock valued at $1,616,855,000 after buying an additional 7,699,141 shares during the period. Finally, Putnam Investments LLC boosted its holdings in shares of Oracle by 6.0% in the fourth quarter. Putnam Investments LLC now owns 12,339,385 shares of the enterprise software provider’s stock valued at $1,300,941,000 after purchasing an additional 697,961 shares during the period. 42.44% of the stock is owned by institutional investors.

Oracle Trading Down 1.9 %

Shares of ORCL stock opened at $167.12 on Wednesday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $173.99. The stock has a market capitalization of $463.08 billion, a P/E ratio of 45.05, a P/E/G ratio of 3.05 and a beta of 1.01. The stock has a 50-day simple moving average of $146.05 and a 200 day simple moving average of $134.40.

Oracle (NYSE:ORCL) last released its 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. The firm had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The company’s revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.95 EPS. On average, sell-side analysts expect that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.96%. Oracle’s dividend payout ratio (DPR) is presently 43.13%.

Insiders Place Their Bets

In related news, insider Edward Screven sold 426,861 shares of the stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $141.91, for a total transaction of $60,575,844.51. Following the completion of the transaction, the insider now directly owns 2,626,764 shares of the company’s stock, valued at $372,764,079.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of Oracle stock in a transaction on Monday, July 15th. The stock was sold at an average price of $143.69, for a total value of $161,651,250.00. Following the transaction, the chairman now owns 1,145,732,353 shares in the company, valued at approximately $164,630,281,802.57. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Edward Screven sold 426,861 shares of Oracle stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $141.91, for a total value of $60,575,844.51. Following the completion of the transaction, the insider now owns 2,626,764 shares in the company, valued at approximately $372,764,079.24. The disclosure for this sale can be found here. Insiders sold 1,573,181 shares of company stock worth $225,338,245 over the last ninety days. 42.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. BMO Capital Markets upped 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. Mizuho upped their target price on shares of Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Bank of America boosted their price target on shares of Oracle from $155.00 to $175.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 10th. Piper Sandler increased their price target on shares of Oracle from $150.00 to $175.00 and gave the company an “overweight” rating in a research note on Tuesday, September 10th. Finally, Guggenheim increased their price objective on Oracle from $185.00 to $200.00 and gave the company a “buy” rating in a report on Friday, September 13th. Ten investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $167.42.

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.