Three Bridge Wealth Advisors LLC Lowers Stake in Oracle Co. (NYSE:ORCL)

Three Bridge Wealth Advisors LLC trimmed its position in Oracle Co. (NYSE:ORCL) by 7.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,745 shares of the enterprise software provider’s stock after selling 1,446 shares during the quarter. Oracle accounts for approximately 1.0% of Three Bridge Wealth Advisors LLC’s portfolio, making the stock its 22nd largest holding. Three Bridge Wealth Advisors LLC’s holdings in Oracle were worth $2,790,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Diversified Portfolios Inc. increased its holdings in Oracle by 9.9% in the 4th quarter. Diversified Portfolios Inc. now owns 1,784 shares of the enterprise software provider’s stock valued at $297,000 after purchasing an additional 161 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Oracle by 13.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 550,414 shares of the enterprise software provider’s stock valued at $91,395,000 after buying an additional 65,980 shares in the last quarter. Kentucky Trust Co acquired a new stake in shares of Oracle in the fourth quarter valued at about $442,000. Gladstone Institutional Advisory LLC raised its holdings in shares of Oracle by 26.3% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 34,661 shares of the enterprise software provider’s stock valued at $5,776,000 after buying an additional 7,208 shares during the period. Finally, TFB Advisors LLC lifted its position in Oracle by 8.3% during the 4th quarter. TFB Advisors LLC now owns 5,873 shares of the enterprise software provider’s stock worth $979,000 after acquiring an additional 451 shares in the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Stock Performance

Shares of NYSE ORCL opened at $172.30 on Thursday. The stock has a market capitalization of $481.92 billion, a P/E ratio of 42.13, a P/E/G ratio of 3.39 and a beta of 1.05. The firm’s 50-day moving average price is $170.25 and its two-hundred day moving average price is $165.24. Oracle Co. has a 52-week low of $106.51 and a 52-week high of $198.31. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last released its quarterly earnings data 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%. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.34 EPS. As a group, sell-side analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.93%. Oracle’s dividend payout ratio is currently 39.12%.

Insider Buying and Selling

In related news, CEO Safra Catz sold 2,101,154 shares of the 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 transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $207,331,027.20. This represents a 65.26 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 42.20% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on ORCL shares. Jefferies Financial Group increased their price objective on shares of Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Monness Crespi & Hardt lowered shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price target for the company. in a report on Friday, December 20th. BNP Paribas upgraded shares of Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. Morgan Stanley raised their target price on Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 10th. Finally, UBS Group boosted their price target on Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. One analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $182.73.

Oracle 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.