Avior Wealth Management LLC Sells 1,465 Shares of Oracle Co. (NYSE:ORCL)

Avior Wealth Management LLC lessened its position in Oracle Co. (NYSE:ORCL) by 2.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 64,614 shares of the enterprise software provider’s stock after selling 1,465 shares during the period. Avior Wealth Management LLC’s holdings in Oracle were worth $11,010,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Fairway Wealth LLC purchased a new position in Oracle during the 2nd quarter valued at $27,000. POM Investment Strategies LLC purchased a new position in shares of Oracle during the second quarter valued at about $30,000. Bbjs Financial Advisors LLC purchased a new position in shares of Oracle during the second quarter valued at about $35,000. Reston Wealth Management LLC bought a new position in Oracle in the third quarter worth about $44,000. Finally, Quest Partners LLC purchased a new stake in Oracle in the second quarter worth about $40,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insiders Place Their Bets

In other Oracle news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the sale, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at $7,076,685. The trade was a 12.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 42.20% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ORCL. Piper Sandler increased their target price on Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. Morgan Stanley increased their price objective on Oracle from $125.00 to $145.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 10th. BMO Capital Markets boosted their target price on shares of Oracle from $160.00 to $173.00 and gave the company a “market perform” rating in a report on Tuesday, September 10th. TD Cowen upped their target price on shares of Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Finally, DA Davidson lifted their price target on shares of Oracle from $105.00 to $140.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. Eleven research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $169.52.

Oracle Stock Performance

Shares of ORCL stock opened at $184.60 on Tuesday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The company has a 50 day moving average price of $173.06 and a 200-day moving average price of $147.56. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $191.77. The firm has a market capitalization of $511.54 billion, a PE ratio of 47.87, a P/E/G ratio of 3.39 and a beta of 1.02.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. The business had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.95 EPS. As a group, equities research analysts expect that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were given a $0.40 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.87%. Oracle’s dividend payout ratio is currently 41.24%.

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.