Palo Alto Wealth Advisors LLC Decreases Stake in Oracle Co. (NYSE:ORCL)

Palo Alto Wealth Advisors LLC decreased its holdings in Oracle Co. (NYSE:ORCL) by 13.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,331 shares of the enterprise software provider’s stock after selling 367 shares during the quarter. Palo Alto Wealth Advisors LLC’s holdings in Oracle were worth $406,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Eagle Rock Investment Company LLC boosted its holdings in Oracle by 0.4% during the 3rd quarter. Eagle Rock Investment Company LLC now owns 17,626 shares of the enterprise software provider’s stock worth $3,003,000 after acquiring an additional 64 shares during the last quarter. W Advisors LLC raised its stake in shares of Oracle by 3.1% in the third quarter. W Advisors LLC now owns 2,158 shares of the enterprise software provider’s stock valued at $368,000 after buying an additional 64 shares during the period. Versant Capital Management Inc lifted its position in shares of Oracle by 1.7% during the 3rd quarter. Versant Capital Management Inc now owns 3,957 shares of the enterprise software provider’s stock valued at $674,000 after buying an additional 65 shares during the last quarter. Oak Ridge Investments LLC grew its stake in shares of Oracle by 3.9% during the 3rd quarter. Oak Ridge Investments LLC now owns 1,730 shares of the enterprise software provider’s stock worth $295,000 after acquiring an additional 65 shares during the period. Finally, Trust Point Inc. boosted its holdings in shares of Oracle by 0.5% in the third quarter. Trust Point Inc. now owns 13,606 shares of the enterprise software provider’s stock worth $2,318,000 after acquiring an additional 66 shares during the period. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling

In other news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the sale, the executive vice president now directly owns 42,889 shares in the company, valued at approximately $7,076,685. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 42.20% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Bank of America upped their price target on shares of Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. Oppenheimer restated a “market perform” rating on shares of Oracle in a research report on Tuesday, September 10th. StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a report on Tuesday. Sanford C. Bernstein boosted their target price on shares of Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a report on Monday, September 30th. Finally, Evercore ISI upped their price objective on shares of Oracle from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Eleven equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat.com, Oracle has an average rating of “Moderate Buy” and a consensus target price of $168.52.

Oracle Stock Performance

ORCL traded down $0.84 on Thursday, hitting $188.79. 1,880,108 shares of the company’s stock were exchanged, compared to its average volume of 8,225,104. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. The stock has a fifty day moving average of $170.41 and a two-hundred day moving average of $145.85. The firm has a market cap of $523.15 billion, a PE ratio of 48.68, a P/E/G ratio of 3.49 and a beta of 1.02. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $191.77.

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

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders 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 dividend yield of 0.85%. The ex-dividend date was Thursday, October 10th. Oracle’s dividend payout ratio is 41.24%.

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.