1858 Wealth Management LLC Lowers Stock Holdings in Oracle Co. (NYSE:ORCL)

1858 Wealth Management LLC lessened its stake in shares of Oracle Co. (NYSE:ORCL) by 30.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,246 shares of the enterprise software provider’s stock after selling 969 shares during the quarter. 1858 Wealth Management LLC’s holdings in Oracle were worth $374,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of ORCL. Czech National Bank boosted its holdings in shares of Oracle by 7.2% in the third quarter. Czech National Bank now owns 325,610 shares of the enterprise software provider’s stock valued at $55,484,000 after acquiring an additional 21,832 shares in the last quarter. Miracle Mile Advisors LLC lifted its position in Oracle by 14.3% in the third quarter. Miracle Mile Advisors LLC now owns 17,652 shares of the enterprise software provider’s stock valued at $3,008,000 after purchasing an additional 2,212 shares during the period. Versant Capital Management Inc boosted its holdings in Oracle by 1.7% in the 3rd quarter. Versant Capital Management Inc now owns 3,957 shares of the enterprise software provider’s stock valued at $674,000 after purchasing an additional 65 shares in the last quarter. Ignite Planners LLC increased its position in Oracle by 20.2% during the 3rd quarter. Ignite Planners LLC now owns 3,065 shares of the enterprise software provider’s stock worth $522,000 after purchasing an additional 515 shares during the period. Finally, Affinity Capital Advisors LLC raised its stake in shares of Oracle by 12.9% during the 3rd quarter. Affinity Capital Advisors LLC now owns 1,836 shares of the enterprise software provider’s stock worth $313,000 after buying an additional 210 shares in the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Stock Performance

NYSE ORCL opened at $167.98 on Wednesday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The company has a market capitalization of $469.83 billion, a PE ratio of 41.07, a price-to-earnings-growth ratio of 3.35 and a beta of 1.05. The business’s 50-day moving average price is $171.50 and its 200 day moving average price is $163.79. Oracle Co. has a twelve month low of $106.51 and a twelve month high of $198.31.

Oracle (NYSE:ORCL) last released its 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 return on equity of 133.25% and a net margin of 21.16%. The company had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. During the same period in the prior year, the business posted $1.34 earnings per share. Oracle’s revenue was up 8.6% on a year-over-year basis. On average, research analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were paid 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 0.95%. Oracle’s dividend payout ratio is presently 39.12%.

Insider Transactions at Oracle

In related news, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $207,331,027.20. This represents a 65.26 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 42.20% of the company’s stock.

Wall Street Analyst Weigh In

ORCL has been the topic of a number of analyst reports. Monness Crespi & Hardt downgraded Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price target on the stock. in a research note on Friday, December 20th. Mizuho boosted their target price 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. Stifel Nicolaus raised their price objective on shares of Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. Royal Bank of Canada reissued a “sector perform” rating and set a $165.00 price objective on shares of Oracle in a report on Thursday, December 5th. Finally, BMO Capital Markets increased their target price on shares of Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Oracle has an average 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.