Kingswood Wealth Advisors LLC Reduces Stock Position in Oracle Co. (NYSE:ORCL)

Kingswood Wealth Advisors LLC decreased its stake in shares of Oracle Co. (NYSE:ORCL) by 3.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 18,919 shares of the enterprise software provider’s stock after selling 587 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Oracle were worth $3,153,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Register Financial Advisors LLC raised its holdings in shares of Oracle by 7.7% during the 4th quarter. Register Financial Advisors LLC now owns 5,957 shares of the enterprise software provider’s stock worth $993,000 after acquiring an additional 425 shares during the period. PFG Investments LLC increased its holdings in shares of Oracle by 4.6% during the 4th quarter. PFG Investments LLC now owns 38,479 shares of the enterprise software provider’s stock worth $6,412,000 after buying an additional 1,677 shares during the last quarter. Drive Wealth Management LLC raised its position in shares of Oracle by 1.0% during the 4th quarter. Drive Wealth Management LLC now owns 6,958 shares of the enterprise software provider’s stock valued at $1,160,000 after buying an additional 67 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in Oracle by 1.2% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 100,994 shares of the enterprise software provider’s stock valued at $16,830,000 after acquiring an additional 1,187 shares during the last quarter. Finally, Requisite Capital Management LLC grew its position in Oracle by 2.8% in the fourth quarter. Requisite Capital Management LLC now owns 2,240 shares of the enterprise software provider’s stock worth $373,000 after acquiring an additional 60 shares during the period. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Stock Down 1.5 %

Shares of NYSE:ORCL opened at $183.59 on Monday. 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 stock has a market cap of $513.50 billion, a P/E ratio of 44.89, a P/E/G ratio of 3.62 and a beta of 1.06. The firm has a fifty day moving average price of $174.41 and a 200 day moving average price of $162.64.

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

Oracle Announces Dividend

The company also recently disclosed 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. The ex-dividend date was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.87%. Oracle’s payout ratio is currently 39.12%.

Insider Transactions at Oracle

In other news, CEO Safra Catz sold 2,101,154 shares of the firm’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $207,331,027.20. This trade represents a 65.26 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 42.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ORCL. Morgan Stanley upped their price target on Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 10th. Monness Crespi & Hardt cut shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price target for the company. in a research report 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 report on Tuesday, December 10th. Jefferies Financial Group boosted their target price on Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Finally, BNP Paribas upgraded Oracle to a “strong-buy” rating in a research report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price 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.