Apeiron RIA LLC Trims Stock Position in Oracle Co. (NYSE:ORCL)

Apeiron RIA LLC lessened its stake in shares of Oracle Co. (NYSE:ORCL) by 4.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,065 shares of the enterprise software provider’s stock after selling 277 shares during the period. Apeiron RIA LLC’s holdings in Oracle were worth $1,011,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of ORCL. Winch Advisory Services LLC lifted its holdings in shares of Oracle by 89.7% in the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after buying an additional 87 shares during the period. Reston Wealth Management LLC bought a new stake in shares of Oracle in the third quarter valued at about $44,000. Avondale Wealth Management purchased a new stake in Oracle in the third quarter worth about $51,000. Friedenthal Financial purchased a new stake in Oracle in the third quarter worth about $51,000. Finally, Activest Wealth Management increased its position in Oracle by 21.9% during the 3rd quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock valued at $53,000 after purchasing an additional 56 shares during the period. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

ORCL has been the subject of several research reports. Sanford C. Bernstein upped their price target on shares of Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. Citigroup upped their target price on Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Mizuho lifted their price target on Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. JMP Securities reissued a “market outperform” rating and issued a $205.00 price target on shares of Oracle in a research report on Wednesday. Finally, UBS Group raised their price objective on Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Oracle currently has a consensus rating of “Moderate Buy” and a consensus target price of $182.73.

Oracle Trading Up 1.0 %

Shares of NYSE:ORCL opened at $186.08 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a 52-week low of $106.51 and a 52-week high of $198.31. The stock has a market cap of $520.44 billion, a price-to-earnings ratio of 45.50, a PEG ratio of 3.62 and a beta of 1.06. The business has a 50-day moving average price of $174.43 and a 200-day moving average price of $162.05.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The business had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.34 earnings per share. Equities analysts predict that Oracle Co. will post 5.01 EPS for the current year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.86%. The ex-dividend date was Friday, January 10th. Oracle’s payout ratio is 39.12%.

About Oracle

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.