Hudson Valley Investment Advisors Inc. ADV Cuts Stock Holdings in Oracle Co. (NYSE:ORCL)

Hudson Valley Investment Advisors Inc. ADV cut its stake in Oracle Co. (NYSE:ORCL) by 30.1% in the third quarter, HoldingsChannel reports. The firm owned 18,490 shares of the enterprise software provider’s stock after selling 7,959 shares during the quarter. Hudson Valley Investment Advisors Inc. ADV’s holdings in Oracle were worth $3,151,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Fairway Wealth LLC purchased a new stake in shares of Oracle during the second quarter worth approximately $27,000. POM Investment Strategies LLC purchased a new stake in shares of Oracle in the 2nd quarter valued at approximately $30,000. Bbjs Financial Advisors LLC acquired a new position in shares of Oracle during the second quarter worth $35,000. Quest Partners LLC purchased a new position in Oracle in the second quarter valued at $40,000. Finally, Avondale Wealth Management acquired a new stake in Oracle in the third quarter valued at $51,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were 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 of the company’s stock, valued at approximately $7,076,685. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 42.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

ORCL has been the topic of a number of recent analyst reports. Melius upgraded Oracle from a “hold” rating to a “buy” rating and set a $210.00 price objective on the stock in a report on Monday, September 16th. Stifel Nicolaus boosted their price objective on shares of Oracle from $135.00 to $155.00 and gave the stock a “hold” rating in a research report on Tuesday, September 10th. Guggenheim increased their target price on shares of Oracle from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, September 13th. Sanford C. Bernstein boosted their price target on shares of Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. Finally, Mizuho raised their price objective on Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Twelve research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $168.52.

Oracle Price Performance

NYSE ORCL opened at $174.64 on Thursday. The company has a 50-day moving average price of $162.22 and a two-hundred day moving average price of $141.39. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $178.61. The stock has a market cap of $483.94 billion, a price-to-earnings ratio of 45.01, a price-to-earnings-growth ratio of 3.20 and a beta of 1.01. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping 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 return on equity of 171.38% and a net margin of 20.40%. The business’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 company posted $0.95 EPS. Analysts forecast that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The business 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 of this dividend was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.92%. Oracle’s dividend payout ratio is presently 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.