Oracle Co. (NYSE:ORCL) Shares Sold by Lockheed Martin Investment Management Co.

Lockheed Martin Investment Management Co. decreased its holdings in Oracle Co. (NYSE:ORCLGet Rating) by 6.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 82,757 shares of the enterprise software provider’s stock after selling 5,290 shares during the quarter. Lockheed Martin Investment Management Co.’s holdings in Oracle were worth $5,782,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Ulland Investment Advisors LLC grew its position in Oracle by 469.0% during the 1st 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 in the last quarter. Trustcore Financial Services LLC grew its position in Oracle by 107.2% during the 1st quarter. Trustcore Financial Services LLC now owns 947 shares of the enterprise software provider’s stock worth $78,000 after purchasing an additional 490 shares in the last quarter. Heritage Financial Services LLC purchased a new position in Oracle during the 2nd quarter worth approximately $67,000. Investors Research Corp grew its position in Oracle by 102.4% during the 2nd quarter. Investors Research Corp now owns 1,012 shares of the enterprise software provider’s stock worth $71,000 after purchasing an additional 512 shares in the last quarter. Finally, Curi Wealth Management LLC grew its position in Oracle by 16.4% during the 2nd quarter. Curi Wealth Management LLC now owns 1,081 shares of the enterprise software provider’s stock worth $76,000 after purchasing an additional 152 shares in the last quarter. Institutional investors and hedge funds own 41.92% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Guggenheim boosted their price target on shares of Oracle to $115.00 in a report on Thursday, October 27th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Oracle from $110.00 to $120.00 and gave the company a “buy” rating in a report on Friday, October 21st. The Goldman Sachs Group set a $72.00 price target on shares of Oracle in a report on Friday, October 21st. Piper Sandler upgraded shares of Oracle from an “underweight” rating to a “neutral” rating and set a $70.00 price target on the stock in a report on Wednesday, October 19th. Finally, Monness Crespi & Hardt started coverage on shares of Oracle in a report on Tuesday, September 13th. They set a “buy” rating and a $113.00 price target on the stock. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $88.58.

Insider Activity

In other news, Director Michael J. Boskin sold 90,000 shares of the company’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $80.08, for a total transaction of $7,207,200.00. Following the completion of the transaction, the director now owns 82,607 shares of the company’s stock, valued at $6,615,168.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Edward Screven sold 200,000 shares of the company’s stock in a transaction dated Thursday, October 27th. The shares were sold at an average price of $74.90, for a total value of $14,980,000.00. Following the sale, the insider now owns 2,543,033 shares of the company’s stock, valued at $190,473,171.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Michael J. Boskin sold 90,000 shares of the company’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $80.08, for a total transaction of $7,207,200.00. Following the completion of the sale, the director now directly owns 82,607 shares in the company, valued at approximately $6,615,168.56. The disclosure for this sale can be found here. 43.70% of the stock is owned by company insiders.

Oracle Trading Up 0.5 %

Oracle stock traded up $0.44 on Thursday, reaching $82.56. 6,347,899 shares of the stock were exchanged, compared to its average volume of 7,670,685. The stock has a market cap of $222.60 billion, a PE ratio of 39.31, a PEG ratio of 2.50 and a beta of 1.02. Oracle Co. has a twelve month low of $60.78 and a twelve month high of $106.34. The firm has a fifty day moving average price of $70.97 and a two-hundred day moving average price of $72.20.

Oracle (NYSE:ORCLGet Rating) last announced its quarterly earnings data 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). The company had revenue of $11.45 billion for the quarter, compared to analyst estimates of $11.44 billion. Oracle had a net margin of 13.15% and a negative return on equity of 161.07%. The firm’s quarterly revenue was up 17.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.87 EPS. Equities analysts anticipate that Oracle Co. will post 4.11 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 25th. Stockholders of record on Wednesday, October 12th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend was 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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