Quotient Wealth Partners LLC Lowers Stock Holdings in Oracle Co. (NYSE:ORCL)

Quotient Wealth Partners LLC lowered its position in shares of Oracle Co. (NYSE:ORCL) by 13.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 10,830 shares of the enterprise software provider’s stock after selling 1,669 shares during the period. Quotient Wealth Partners LLC’s holdings in Oracle were worth $1,805,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Investment Advisory Services Inc. TX ADV boosted its stake in Oracle by 6.9% during the fourth quarter. Investment Advisory Services Inc. TX ADV now owns 2,516 shares of the enterprise software provider’s stock valued at $419,000 after buying an additional 162 shares during the period. Birch Hill Investment Advisors LLC boosted its position in shares of Oracle by 1.8% during the 4th quarter. Birch Hill Investment Advisors LLC now owns 34,551 shares of the enterprise software provider’s stock valued at $5,758,000 after acquiring an additional 595 shares during the last quarter. AlphaStar Capital Management LLC increased its position in shares of Oracle by 8.1% in the fourth quarter. AlphaStar Capital Management LLC now owns 11,416 shares of the enterprise software provider’s stock worth $1,902,000 after purchasing an additional 853 shares during the last quarter. Stoneridge Investment Partners LLC lifted its position in Oracle by 30.6% during the fourth quarter. Stoneridge Investment Partners LLC now owns 21,386 shares of the enterprise software provider’s stock valued at $3,564,000 after purchasing an additional 5,015 shares during the last quarter. Finally, Entropy Technologies LP bought a new position in shares of Oracle in the 4th quarter worth $2,304,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ORCL. Citigroup upped their target price on shares of Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. KeyCorp boosted their target price on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. BMO Capital Markets lifted their price target on shares of Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a research note on Tuesday, December 10th. Jefferies Financial Group increased their target price on shares of Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, DA Davidson lifted their price objective on Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $182.73.

Oracle Trading Up 1.3 %

Oracle stock opened at $174.53 on Friday. Oracle Co. has a 12 month low of $106.51 and a 12 month high of $198.31. The company has a market capitalization of $488.15 billion, a price-to-earnings ratio of 42.67, a price-to-earnings-growth ratio of 3.39 and a beta of 1.05. The business’s fifty day simple moving average is $170.42 and its two-hundred day simple moving average is $164.35. 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 released its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The firm had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm’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 business posted $1.34 earnings per share. As a group, equities analysts predict that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders 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 yield of 0.92%. Oracle’s dividend payout ratio is 39.12%.

Insiders Place Their Bets

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 transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at $207,331,027.20. This represents a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 42.20% of the company’s stock.

Oracle Company 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.