Financial Management Professionals Inc. Sells Oracle Co. (NYSE:ORCL) Shares

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Financial Management Professionals Inc. reduced its holdings in Oracle Co. by 12.3% in the first quarter, according to their recent SEC filing. They owned 2,251 shares of the enterprise software provider, valued at $283,000. Other major investors such as Vanguard Group Inc. and Capital World Investors have also adjusted their holdings in Oracle. Analysts have provided ratings and target prices for the stock, with a consensus of a “Moderate Buy” and a target price of $145.83.

Insider transactions have been reported, with Edward Screven selling 37,221 shares of Oracle stock, and Director George H. Conrades selling 20,000 shares. Insiders have sold a total of 385,639 shares over the past 90 days. As for Oracle’s operations, the stock opened at $141.20 on Friday, with a market capitalization of $389.13 billion. Their quarterly results showed $1.63 earnings per share, slightly below expectations, with revenue of $14.29 billion.

Oracle also declared a quarterly dividend of $0.40 per share, to be paid on July 25th. The company offers various cloud software applications and services for enterprise information technology environments. For more information on Oracle and its investors, visit HoldingsChannel.com for the latest 13F filings.

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https://www.defenseworld.net/2024/06/30/oracle-co-nyseorcl-shares-sold-by-financial-management-professionals-inc.html