TRUE Private Wealth Advisors Has $341,000 Position in Oracle Co. (NYSE:ORCL)

TRUE Private Wealth Advisors lessened its stake in Oracle Co. (NYSE:ORCL) by 70.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,999 shares of the enterprise software provider’s stock after selling 4,730 shares during the quarter. TRUE Private Wealth Advisors’ holdings in Oracle were worth $341,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of ORCL. Circle Wealth Management LLC grew its stake in shares of Oracle by 45.3% in the 3rd quarter. Circle Wealth Management LLC now owns 34,775 shares of the enterprise software provider’s stock valued at $5,926,000 after buying an additional 10,836 shares in the last quarter. Fred Alger Management LLC lifted its stake in Oracle by 4.6% in the third quarter. Fred Alger Management LLC now owns 28,210 shares of the enterprise software provider’s stock valued at $4,807,000 after acquiring an additional 1,240 shares during the last quarter. Captrust Financial Advisors grew its position in Oracle by 1.9% in the third quarter. Captrust Financial Advisors now owns 807,709 shares of the enterprise software provider’s stock worth $137,634,000 after acquiring an additional 14,882 shares in the last quarter. Icon Wealth Advisors LLC increased its stake in shares of Oracle by 162.0% during the 3rd quarter. Icon Wealth Advisors LLC now owns 38,165 shares of the enterprise software provider’s stock worth $6,503,000 after purchasing an additional 23,598 shares during the last quarter. Finally, Infrastructure Capital Advisors LLC bought a new position in shares of Oracle during the 3rd quarter valued at $1,846,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Performance

NYSE:ORCL opened at $184.84 on Friday. 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 market capitalization of $512.20 billion, a P/E ratio of 47.64, a price-to-earnings-growth ratio of 3.41 and a beta of 1.02. The firm has a 50 day moving average of $177.45 and a 200-day moving average of $151.80. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $196.04.

Oracle (NYSE:ORCL) last posted its quarterly earnings data 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 net margin of 20.40% and a return on equity of 171.38%. The firm had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. During the same quarter last year, the company posted $0.95 EPS. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

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

Insider Buying and Selling

In related news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction 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 completion of 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 document filed with the Securities & Exchange Commission, which is available at this link. 42.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

ORCL has been the topic of several analyst reports. DA Davidson increased their target price on shares of Oracle from $105.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. Sanford C. Bernstein raised their price objective on Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. JMP Securities upped their target price on Oracle from $175.00 to $205.00 and gave the stock a “market outperform” rating in a research report on Friday, October 18th. Citigroup lifted their price target on shares of Oracle from $140.00 to $157.00 and gave the company a “neutral” rating in a research report on Wednesday, September 11th. Finally, Jefferies Financial Group upped their price objective on shares of Oracle from $170.00 to $190.00 and gave the stock a “buy” rating in a report on Monday, September 16th. Eleven investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat.com, Oracle currently has a consensus rating of “Moderate Buy” and an average price target of $169.52.

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.