Oracle Co. (NYSE:ORCL) Holdings Decreased by Stone Point Wealth LLC

Stone Point Wealth LLC trimmed its position in Oracle Co. (NYSE:ORCL) by 5.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,890 shares of the enterprise software provider’s stock after selling 152 shares during the quarter. Stone Point Wealth LLC’s holdings in Oracle were worth $492,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in ORCL. Fairway Wealth LLC bought a new position in Oracle during the 2nd quarter worth $27,000. POM Investment Strategies LLC bought a new position in Oracle during the 2nd quarter worth $30,000. Bbjs Financial Advisors LLC bought a new position in Oracle during the 2nd quarter worth $35,000. Koesten Hirschmann & Crabtree INC. acquired a new position in Oracle during the 1st quarter worth $38,000. Finally, Quest Partners LLC acquired a new position in Oracle during the 2nd quarter worth $40,000. 42.44% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Oracle news, EVP Maria Smith sold 6,320 shares of the firm’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 value of $1,042,800.00. Following the completion of the sale, the executive vice president now owns 42,889 shares in the company, valued at approximately $7,076,685. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 42.20% of the company’s stock.

Oracle Stock Performance

ORCL opened at $186.70 on Friday. The company has a market cap of $517.36 billion, a PE ratio of 48.02, a price-to-earnings-growth ratio of 3.12 and a beta of 1.02. The stock has a 50-day moving average of $165.58 and a 200-day moving average of $143.29. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $186.70. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72.

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 the consensus estimate of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. During the same quarter in the prior year, the company earned $0.95 EPS. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, equities research analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders 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 0.86%. Oracle’s dividend payout ratio is currently 41.24%.

Analysts Set New Price Targets

A number of brokerages have issued reports on ORCL. Barclays boosted their price target on Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. UBS Group reiterated a “market outperform” rating on shares of Oracle in a research report on Friday, October 18th. BMO Capital Markets upped their price objective on Oracle from $160.00 to $173.00 and gave the company a “market perform” rating in a report on Tuesday, September 10th. Sanford C. Bernstein upped their price objective on Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a report on Monday, September 30th. Finally, Melius Research upgraded Oracle from a “hold” rating to a “buy” rating in a report on Monday, September 16th. Eleven analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $168.52.

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.