Oracle Co. (NYSE:ORCL) Stock Position Trimmed by Valley Wealth Managers Inc.

Valley Wealth Managers Inc. decreased its position in Oracle Co. (NYSE:ORCLFree Report) by 6.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 204,908 shares of the enterprise software provider’s stock after selling 14,461 shares during the quarter. Oracle accounts for approximately 1.8% of Valley Wealth Managers Inc.’s holdings, making the stock its 9th largest position. Valley Wealth Managers Inc.’s holdings in Oracle were worth $21,704,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Oracle in the 4th quarter valued at approximately $1,409,896,000. Moneta Group Investment Advisors LLC raised its stake in shares of Oracle by 112,785.9% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 10,832,530 shares of the enterprise software provider’s stock valued at $885,451,000 after purchasing an additional 10,822,934 shares in the last quarter. Capital World Investors lifted its holdings in Oracle by 83.8% in the second quarter. Capital World Investors now owns 15,057,067 shares of the enterprise software provider’s stock worth $1,793,146,000 after purchasing an additional 6,863,334 shares during the period. BlackRock Inc. boosted its holdings in shares of Oracle by 3.0% in the second quarter. BlackRock Inc. now owns 120,625,641 shares of the enterprise software provider’s stock valued at $14,365,308,000 after acquiring an additional 3,494,674 shares in the last quarter. Finally, Morgan Stanley boosted its stake in Oracle by 9.6% during the 4th quarter. Morgan Stanley now owns 20,502,544 shares of the enterprise software provider’s stock valued at $1,675,878,000 after purchasing an additional 1,794,080 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Oracle

In related news, Director Naomi O. Seligman sold 16,300 shares of the business’s stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $106.02, for a total transaction of $1,728,126.00. Following the completion of the transaction, the director now owns 34,771 shares of the company’s stock, valued at approximately $3,686,421.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 42.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on ORCL shares. Evercore ISI dropped their target price on shares of Oracle from $135.00 to $130.00 and set an “outperform” rating on the stock in a report on Tuesday, December 12th. Edward Jones upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research report on Monday, November 13th. UBS Group lowered their price objective on shares of Oracle from $135.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, December 12th. Wolfe Research cut their target price on shares of Oracle from $140.00 to $130.00 and set an “outperform” rating on the stock in a research note on Tuesday, December 12th. Finally, BMO Capital Markets decreased their target price on Oracle from $130.00 to $126.00 and set a “market perform” rating for the company in a research report on Tuesday, December 12th. Eleven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, Oracle has an average rating of “Moderate Buy” and an average target price of $127.00.

Get Our Latest Research Report on ORCL

Oracle Stock Down 0.4 %

Shares of Oracle stock traded down $0.41 during midday trading on Monday, reaching $116.23. 896,845 shares of the company’s stock traded hands, compared to its average volume of 7,470,336. The company has a debt-to-equity ratio of 18.84, a quick ratio of 0.79 and a current ratio of 0.79. Oracle Co. has a 52 week low of $82.04 and a 52 week high of $127.54. The company’s 50 day simple moving average is $108.94 and its 200 day simple moving average is $111.41. The company has a market cap of $319.51 billion, a price-to-earnings ratio of 32.22, a price-to-earnings-growth ratio of 2.23 and a beta of 1.02.

Oracle (NYSE:ORCLGet Free Report) last issued its quarterly earnings data on Monday, December 11th. The enterprise software provider reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.01. Oracle had a return on equity of 703.26% and a net margin of 19.64%. The business had revenue of $12.94 billion for the quarter, compared to analyst estimates of $13.05 billion. During the same quarter in the prior year, the firm posted $1.21 EPS. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. Equities analysts expect that Oracle Co. will post 4.45 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 25th. Investors of record on Thursday, January 11th were issued a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, January 10th. This represents a $1.60 annualized dividend and a yield of 1.38%. Oracle’s dividend payout ratio (DPR) is presently 44.20%.

Oracle Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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