Triangle Securities Wealth Management Sells 154 Shares of Oracle Co. (NYSE:ORCL)

Triangle Securities Wealth Management reduced its stake in shares of Oracle Co. (NYSE:ORCL) by 1.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,636 shares of the enterprise software provider’s stock after selling 154 shares during the quarter. Triangle Securities Wealth Management’s holdings in Oracle were worth $2,606,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Bridges Investment Management Inc. boosted its position in shares of Oracle by 16.4% in the 2nd quarter. Bridges Investment Management Inc. now owns 22,670 shares of the enterprise software provider’s stock worth $3,201,000 after purchasing an additional 3,191 shares in the last quarter. AE Wealth Management LLC lifted its stake in Oracle by 97.7% during the 2nd quarter. AE Wealth Management LLC now owns 56,034 shares of the enterprise software provider’s stock valued at $7,912,000 after acquiring an additional 27,685 shares during the period. Pacer Advisors Inc. lifted its position in Oracle by 36.0% during the second quarter. Pacer Advisors Inc. now owns 147,705 shares of the enterprise software provider’s stock valued at $20,856,000 after purchasing an additional 39,107 shares during the period. Sei Investments Co. boosted its stake in shares of Oracle by 21.4% in the second quarter. Sei Investments Co. now owns 1,296,012 shares of the enterprise software provider’s stock worth $182,998,000 after buying an additional 228,440 shares during the last quarter. Finally, Blue Whale Capital LLP purchased a new stake in Oracle in the 2nd quarter worth approximately $3,841,000. Institutional investors own 42.44% of the company’s stock.

Oracle Trading Up 0.9 %

Shares of ORCL stock opened at $161.05 on Friday. Oracle Co. has a 1-year low of $106.51 and a 1-year high of $198.31. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The business’s fifty day moving average price is $175.44 and its 200 day moving average price is $161.34. The firm has a market capitalization of $450.44 billion, a PE ratio of 39.38, a P/E/G ratio of 3.03 and a beta of 1.06.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The company had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. Oracle’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.34 earnings per share. As a group, sell-side analysts forecast that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date was Friday, January 10th. Oracle’s payout ratio is currently 39.12%.

Analyst Upgrades and Downgrades

ORCL has been the subject of several analyst reports. Monness Crespi & Hardt cut shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 target price for the company. in a research note on Friday, December 20th. Mizuho upped their price objective on shares of Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Guggenheim raised their target price on Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. KeyCorp upped their price target on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Finally, BMO Capital Markets raised their price objective on Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $182.73.

About Oracle

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.