J. W. Coons Advisors LLC Has $5.26 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

J. W. Coons Advisors LLC lowered its stake in shares of Oracle Co. (NYSE:ORCL) by 3.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 31,559 shares of the enterprise software provider’s stock after selling 1,296 shares during the period. Oracle comprises approximately 1.4% of J. W. Coons Advisors LLC’s investment portfolio, making the stock its 13th biggest holding. J. W. Coons Advisors LLC’s holdings in Oracle were worth $5,259,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ORCL. Wealth Group Ltd. bought a new stake in Oracle during the 3rd quarter worth approximately $222,000. Howard Capital Management Group LLC increased its holdings in Oracle by 12.4% during the 3rd quarter. Howard Capital Management Group LLC now owns 8,019 shares of the enterprise software provider’s stock worth $1,366,000 after purchasing an additional 883 shares in the last quarter. Hennion & Walsh Asset Management Inc. bought a new stake in Oracle during the 3rd quarter worth approximately $1,266,000. Legacy Wealth Asset Management LLC bought a new stake in Oracle during the 3rd quarter worth approximately $237,000. Finally, Modera Wealth Management LLC increased its holdings in Oracle by 0.9% during the 3rd quarter. Modera Wealth Management LLC now owns 101,219 shares of the enterprise software provider’s stock worth $17,248,000 after purchasing an additional 902 shares in the last quarter. 42.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ORCL has been the subject of several recent analyst reports. Mizuho upped their target price on Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. UBS Group upped their target price on Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Guggenheim upped their target price on Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Piper Sandler upped their target price on Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. Finally, KeyCorp upped their target price on Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $182.73.

Oracle Trading Down 4.6 %

Shares of ORCL stock opened at $167.92 on Monday. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. Oracle Co. has a 52-week low of $109.66 and a 52-week high of $198.31. The company has a market capitalization of $469.66 billion, a PE ratio of 41.06, a price-to-earnings-growth ratio of 3.46 and a beta of 1.05. The business’s fifty day moving average is $168.99 and its 200 day moving average is $167.58.

Oracle (NYSE:ORCL) last issued 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). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. During the same quarter last year, the business posted $1.34 EPS. The company’s quarterly revenue was up 8.6% on a year-over-year basis. On average, equities research analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were paid a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.95%. Oracle’s dividend payout ratio is presently 39.12%.

Insider Activity at Oracle

In related news, CEO Safra Catz sold 345,174 shares of the stock in a transaction on Friday, January 24th. The stock was sold at an average price of $185.56, for a total value of $64,050,487.44. Following the transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $207,565,931.52. This represents a 23.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 42.20% of the stock is owned by insiders.

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.