Schaper Benz & Wise Investment Counsel Inc. WI Sells 3,770 Shares of Oracle Co. (NYSE:ORCL)

Schaper Benz & Wise Investment Counsel Inc. WI decreased its holdings in shares of Oracle Co. (NYSE:ORCL) by 1.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 252,635 shares of the enterprise software provider’s stock after selling 3,770 shares during the period. Oracle makes up 1.8% of Schaper Benz & Wise Investment Counsel Inc. WI’s holdings, making the stock its 21st largest position. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in Oracle were worth $14,393,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Evolution Wealth Advisors LLC increased its position in shares of Oracle by 346.0% in the 2nd quarter. Evolution Wealth Advisors LLC now owns 446 shares of the enterprise software provider’s stock valued at $25,000 after buying an additional 346 shares in the last quarter. Investors Research Corp bought a new stake in shares of Oracle in the 1st quarter valued at $30,000. Covenant Multifamily Offices LLC bought a new stake in shares of Oracle in the 1st quarter valued at $35,000. Next Capital Management LLC acquired a new position in Oracle in the 2nd quarter worth $36,000. Finally, Mizuho Securities Co. Ltd. acquired a new position in Oracle in the 2nd quarter worth $40,000. Institutional investors own 53.71% of the company’s stock.

Shares of Oracle stock traded up $0.54 during trading hours on Monday, reaching $54.13. 3,825,665 shares of the company’s stock were exchanged, compared to its average volume of 10,523,506. The company has a 50 day moving average of $57.09 and a two-hundred day moving average of $54.29. Oracle Co. has a fifty-two week low of $42.40 and a fifty-two week high of $60.50. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 2.31. The stock has a market cap of $175.43 billion, a P/E ratio of 17.13, a P/E/G ratio of 1.54 and a beta of 1.15.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Wednesday, June 19th. The enterprise software provider reported $1.16 EPS for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.18. Oracle had a net margin of 28.06% and a return on equity of 40.95%. The company had revenue of $11.14 billion during the quarter, compared to the consensus estimate of $10.93 billion. During the same period in the prior year, the business posted $0.99 EPS. The company’s quarterly revenue was up 1.1% on a year-over-year basis. As a group, analysts expect that Oracle Co. will post 3.5 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, July 16th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.77%. Oracle’s dividend payout ratio is 30.38%.

A number of equities analysts recently weighed in on ORCL shares. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $53.00 target price on shares of Oracle in a research note on Tuesday, June 18th. Zacks Investment Research raised shares of Oracle from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a research note on Wednesday, May 15th. ValuEngine lowered shares of Oracle from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Jefferies Financial Group upped their target price on shares of Oracle from $61.00 to $66.00 and gave the stock a “buy” rating in a research note on Thursday, June 20th. Finally, Morgan Stanley upped their target price on shares of Oracle from $54.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 21st. Three analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $54.76.

In other news, Director Naomi O. Seligman sold 90,000 shares of the company’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $59.52, for a total value of $5,356,800.00. Following the sale, the director now directly owns 82,310 shares of the company’s stock, valued at approximately $4,899,091.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Dorian Daley sold 100,000 shares of the company’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $56.92, for a total transaction of $5,692,000.00. Following the completion of the sale, the executive vice president now directly owns 177,919 shares in the company, valued at $10,127,149.48. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,352,500 shares of company stock valued at $76,708,925. Company insiders own 32.00% of the company’s stock.

Oracle Profile

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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