1834 Investment Advisors Co. Cuts Stock Position in Oracle Co. (NYSE:ORCL)

1834 Investment Advisors Co. trimmed its position in shares of Oracle Co. (NYSE:ORCL) by 17.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,075 shares of the enterprise software provider’s stock after selling 1,730 shares during the quarter. 1834 Investment Advisors Co.’s holdings in Oracle were worth $1,376,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Fairway Wealth LLC purchased a new stake in shares of Oracle during the second quarter worth $27,000. POM Investment Strategies LLC acquired a new stake in Oracle in the 2nd quarter valued at about $30,000. Bbjs Financial Advisors LLC purchased a new position in shares of Oracle in the 2nd quarter valued at about $35,000. Reston Wealth Management LLC acquired a new position in shares of Oracle during the third quarter worth about $44,000. Finally, Quest Partners LLC purchased a new stake in shares of Oracle during the second quarter worth approximately $40,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Oracle news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 42.20% of the company’s stock.

Analysts Set New Price Targets

ORCL has been the subject of several analyst reports. Evercore ISI boosted their price target on shares of Oracle from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. JMP Securities increased their target price on Oracle from $175.00 to $205.00 and gave the company a “market outperform” rating in a report on Friday, October 18th. DA Davidson raised their target price on Oracle from $105.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. Melius upgraded shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 price target on the stock in a research note on Monday, September 16th. Finally, Piper Sandler boosted their price objective on shares of Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. Eleven investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $168.52.

Oracle Trading Up 1.3 %

Shares of Oracle stock opened at $171.82 on Wednesday. The business has a 50 day moving average price of $164.71 and a 200 day moving average price of $143.02. The company has a market capitalization of $476.12 billion, a P/E ratio of 44.28, a P/E/G ratio of 3.13 and a beta of 1.02. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $178.61.

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

Oracle Announces Dividend

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 dividend of $0.40 per share. The ex-dividend date was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.93%. Oracle’s dividend payout ratio (DPR) 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.