Oracle Co. (NYSE:ORCL) Shares Sold by Diversify Advisory Services LLC

Diversify Advisory Services LLC trimmed its holdings in Oracle Co. (NYSE:ORCL) by 38.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,139 shares of the enterprise software provider’s stock after selling 8,133 shares during the period. Diversify Advisory Services LLC’s holdings in Oracle were worth $2,030,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of ORCL. Winch Advisory Services LLC lifted its stake in 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 purchasing an additional 87 shares in the last quarter. Reston Wealth Management LLC purchased a new position in Oracle during the third quarter worth approximately $44,000. Avondale Wealth Management purchased a new position in Oracle during the third quarter worth approximately $51,000. Friedenthal Financial acquired a new position in Oracle during the third quarter worth $51,000. Finally, Activest Wealth Management grew its holdings in Oracle by 21.9% in the 3rd quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock valued at $53,000 after buying an additional 56 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ORCL has been the topic of several recent research reports. UBS Group boosted their price target on shares of Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Jefferies Financial Group boosted their target price on shares of Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Stifel Nicolaus raised their price target on shares of Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. Guggenheim lifted their price target 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. Finally, KeyCorp increased their price objective on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $182.73.

Oracle Trading Up 0.9 %

NYSE:ORCL opened at $161.05 on Monday. Oracle Co. has a 12-month low of $106.51 and a 12-month high of $198.31. The firm has a market cap of $450.44 billion, a PE ratio of 39.38, a price-to-earnings-growth ratio of 3.03 and a beta of 1.06. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The stock has a fifty day moving average price of $175.44 and a 200 day moving average price of $161.46.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The company had revenue of $14.06 billion for the quarter, compared to analyst estimates 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 firm posted $1.34 earnings per share. Sell-side analysts anticipate that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.99%. Oracle’s payout ratio is currently 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.