Heritage Wealth Management Inc. Has $2.50 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

Heritage Wealth Management Inc. reduced its holdings in Oracle Co. (NYSE:ORCL) by 0.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,665 shares of the enterprise software provider’s stock after selling 115 shares during the period. Oracle makes up about 0.8% of Heritage Wealth Management Inc.’s investment portfolio, making the stock its 27th largest position. Heritage Wealth Management Inc.’s holdings in Oracle were worth $2,499,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Fairway Wealth LLC acquired a new stake in shares of Oracle during the 2nd quarter worth approximately $27,000. POM Investment Strategies LLC bought a new stake in Oracle in the 2nd quarter valued at $30,000. Bbjs Financial Advisors LLC acquired a new position in shares of Oracle in the 2nd quarter valued at $35,000. Reston Wealth Management LLC acquired a new stake in shares of Oracle during the 3rd quarter valued at about $44,000. Finally, Quest Partners LLC bought a new stake in Oracle in the second quarter valued at about $40,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Price Performance

Shares of ORCL stock traded up $1.63 on Friday, hitting $188.00. 199,637 shares of the company’s stock were exchanged, compared to its average volume of 8,246,305. The stock has a market cap of $520.96 billion, a P/E ratio of 48.02, a price-to-earnings-growth ratio of 3.12 and a beta of 1.02. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. The company has a 50 day moving average of $165.58 and a 200 day moving average of $143.29. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $188.46.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, beating the consensus estimate of $1.33 by $0.06. The business had revenue of $13.31 billion for the quarter, compared to analysts’ expectations of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm’s revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.95 earnings per share. On average, equities research analysts predict that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date was Thursday, October 10th. Oracle’s dividend payout ratio is currently 41.24%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ORCL shares. StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a report on Monday. Guggenheim boosted their price target on shares of Oracle from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, September 13th. Melius raised shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 price objective for the company in a report on Monday, September 16th. Evercore ISI lifted their target price on shares of Oracle from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Finally, TD Cowen raised their price target on Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Eleven investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $168.52.

Insider Buying and Selling at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the sale, the executive vice president now owns 42,889 shares of the company’s stock, valued at $7,076,685. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 42.20% of the company’s stock.

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.