PBMares Wealth Management LLC Sells 253 Shares of Oracle Co. (NYSE:ORCL)

PBMares Wealth Management LLC reduced its position in Oracle Co. (NYSE:ORCL) by 2.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,423 shares of the enterprise software provider’s stock after selling 253 shares during the quarter. PBMares Wealth Management LLC’s holdings in Oracle were worth $2,117,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. LVW Advisors LLC bought a new position in shares of Oracle in the 1st quarter worth $246,000. Exchange Capital Management Inc. boosted its holdings in shares of Oracle by 6.1% in the 1st quarter. Exchange Capital Management Inc. now owns 4,432 shares of the enterprise software provider’s stock valued at $557,000 after buying an additional 256 shares in the last quarter. Naviter Wealth LLC purchased a new position in shares of Oracle in the 1st quarter worth approximately $763,000. Tradewinds Capital Management LLC grew its position in shares of Oracle by 1,041.7% in the 1st quarter. Tradewinds Capital Management LLC now owns 1,096 shares of the enterprise software provider’s stock worth $138,000 after buying an additional 1,000 shares during the last quarter. Finally, Valeo Financial Advisors LLC raised its stake in shares of Oracle by 1.6% during the 1st quarter. Valeo Financial Advisors LLC now owns 78,877 shares of the enterprise software provider’s stock worth $9,908,000 after acquiring an additional 1,271 shares in the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the transaction, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at $7,076,685. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 42.20% of the stock is currently owned by company insiders.

Oracle Stock Performance

Shares of NYSE ORCL traded up $0.46 during midday trading on Tuesday, reaching $172.88. 443,730 shares of the stock were exchanged, compared to its average volume of 8,303,749. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The firm has a market cap of $479.06 billion, a price-to-earnings ratio of 44.44, a PEG ratio of 3.20 and a beta of 1.01. The firm has a 50-day simple moving average of $160.84 and a two-hundred day simple moving average of $140.79. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $178.61.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, beating the consensus estimate of $1.33 by $0.06. The company had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The firm’s revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the business earned $0.95 earnings per share. As a group, analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were given a dividend of $0.40 per share. The ex-dividend date was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.93%. Oracle’s dividend payout ratio is currently 41.24%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on ORCL shares. JMP Securities lifted their price target on shares of Oracle from $175.00 to $205.00 and gave the stock a “market outperform” rating in a report on Friday, October 18th. UBS Group reaffirmed a “market outperform” rating on shares of Oracle in a research report on Friday, October 18th. DA Davidson increased their price target on Oracle from $105.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. Guggenheim boosted their price target on Oracle from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, September 13th. Finally, Morgan Stanley increased their price objective on shares of Oracle from $125.00 to $145.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 10th. Twelve investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $168.52.

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.