Oracle Co. (NYSE:ORCL) Shares Sold by Insight Wealth Strategies LLC

Insight Wealth Strategies LLC trimmed its holdings in shares of Oracle Co. (NYSE:ORCL) by 13.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 12,178 shares of the enterprise software provider’s stock after selling 1,864 shares during the period. Insight Wealth Strategies LLC’s holdings in Oracle were worth $2,029,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ORCL. Fairway Wealth LLC purchased a new position in Oracle during the second quarter valued at $27,000. Reston Wealth Management LLC purchased a new position in Oracle in the 3rd quarter valued at about $44,000. Quest Partners LLC acquired a new stake in Oracle in the 2nd quarter worth about $40,000. Avondale Wealth Management purchased a new stake in Oracle during the 3rd quarter worth approximately $51,000. Finally, Friedenthal Financial acquired a new position in shares of Oracle during the third quarter valued at approximately $51,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Stock Down 0.6 %

Shares of NYSE ORCL traded down $1.05 during midday trading on Monday, hitting $165.27. The company’s stock had a trading volume of 4,449,714 shares, compared to its average volume of 5,182,442. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.72. The firm has a market capitalization of $462.25 billion, a price-to-earnings ratio of 40.41, a price-to-earnings-growth ratio of 3.39 and a beta of 1.06. The business’s fifty day simple moving average is $178.62 and its two-hundred day simple moving average is $160.29. Oracle Co. has a 1 year low of $102.13 and a 1 year high of $198.31.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS 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 business had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. During the same period in the prior year, the business earned $1.34 EPS. The business’s quarterly revenue was up 8.6% on a year-over-year basis. On average, equities analysts predict that Oracle Co. will post 5.03 EPS for the current year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Friday, January 10th. Oracle’s dividend payout ratio is currently 39.12%.

Wall Street Analyst Weigh In

ORCL has been the subject of several research reports. Piper Sandler boosted their price target on Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. Guggenheim increased their target price on shares of Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. UBS Group boosted their price target on shares of Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. DA Davidson increased their price objective on shares of Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Finally, Sanford C. Bernstein boosted their target price on Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $181.48.

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.