Roberts Wealth Advisors LLC Trims Holdings in Oracle Co. (NYSE:ORCL)

Roberts Wealth Advisors LLC lowered its position in Oracle Co. (NYSE:ORCL) by 0.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 20,518 shares of the enterprise software provider’s stock after selling 116 shares during the period. Roberts Wealth Advisors LLC’s holdings in Oracle were worth $3,248,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of ORCL. Thrivent Financial for Lutherans boosted its stake in shares of Oracle by 6.9% in the second quarter. Thrivent Financial for Lutherans now owns 95,803 shares of the enterprise software provider’s stock worth $13,527,000 after buying an additional 6,215 shares during the last quarter. Epoch Investment Partners Inc. boosted its position in Oracle by 3.4% in the 2nd quarter. Epoch Investment Partners Inc. now owns 41,745 shares of the enterprise software provider’s stock worth $5,894,000 after purchasing an additional 1,377 shares in the last quarter. Interval Partners LP acquired a new stake in shares of Oracle during the 2nd quarter worth approximately $819,000. Providence Capital Advisors LLC increased its holdings in shares of Oracle by 4.2% during the 2nd quarter. Providence Capital Advisors LLC now owns 49,800 shares of the enterprise software provider’s stock valued at $7,032,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Mill Creek Capital Advisors LLC lifted its stake in shares of Oracle by 19.5% in the 2nd quarter. Mill Creek Capital Advisors LLC now owns 6,890 shares of the enterprise software provider’s stock valued at $973,000 after purchasing an additional 1,126 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Trading Up 7.3 %

Shares of ORCL stock opened at $172.82 on Wednesday. Oracle Co. has a twelve month low of $106.51 and a twelve month high of $198.31. The stock has a market cap of $483.37 billion, a price-to-earnings ratio of 42.25, a PEG ratio of 3.16 and a beta of 1.06. The company’s 50-day moving average price is $174.87 and its 200-day moving average price is $161.70. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share 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 firm had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. During the same period last year, the company earned $1.34 EPS. The business’s quarterly revenue was up 8.6% on a year-over-year basis. As a group, equities analysts predict that Oracle Co. will post 5.01 earnings per share for the current 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 $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 0.93%. Oracle’s dividend payout ratio is currently 39.12%.

Wall Street Analysts Forecast Growth

ORCL has been the topic of several analyst reports. BNP Paribas upgraded shares of Oracle to a “strong-buy” rating in a research report on Tuesday, December 10th. Evercore ISI lifted their price target on Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a research report on Thursday, January 16th. UBS Group boosted their price objective on Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Finally, DA Davidson upped their target price on Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and a consensus 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.