Prime Capital Investment Advisors LLC Reduces Stock Position in Oracle Co. (NYSE:ORCL)

Prime Capital Investment Advisors LLC reduced its stake in Oracle Co. (NYSE:ORCL) by 11.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,020 shares of the enterprise software provider’s stock after selling 7,346 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Oracle were worth $9,375,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of ORCL. Savvy Advisors Inc. raised its holdings in shares of Oracle by 10.3% during the 3rd quarter. Savvy Advisors Inc. now owns 7,347 shares of the enterprise software provider’s stock valued at $1,252,000 after buying an additional 687 shares in the last quarter. Ashton Thomas Private Wealth LLC raised its holdings in shares of Oracle by 24.7% during the third quarter. Ashton Thomas Private Wealth LLC now owns 19,620 shares of the enterprise software provider’s stock valued at $3,343,000 after acquiring an additional 3,881 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Oracle by 1.9% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,709,906 shares of the enterprise software provider’s stock worth $632,168,000 after purchasing an additional 70,833 shares during the period. Apollon Financial LLC bought a new stake in Oracle during the 3rd quarter valued at approximately $235,000. Finally, OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in Oracle in the third quarter worth $443,000. 42.44% of the stock is currently owned by institutional investors.

Oracle Price Performance

Shares of Oracle stock opened at $189.60 on Wednesday. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $191.50. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. The business has a 50 day simple moving average of $168.43 and a two-hundred day simple moving average of $145.03. The stock has a market capitalization of $525.39 billion, a P/E ratio of 48.87, a PEG ratio of 3.49 and a beta of 1.02.

Oracle (NYSE:ORCL) last posted its earnings results 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 company had revenue of $13.31 billion for the quarter, compared to the consensus estimate of $13.23 billion. During the same quarter in the previous year, the business earned $0.95 earnings per share. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. As a group, analysts predict that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were paid 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 0.84%. Oracle’s dividend payout ratio is presently 41.24%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on ORCL shares. Citigroup increased their price target on shares of Oracle from $140.00 to $157.00 and gave the company a “neutral” rating in a report on Wednesday, September 11th. Morgan Stanley upped their target price on shares of Oracle from $125.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 10th. Barclays lifted their price objective on shares of Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. Bank of America increased their price target on Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Finally, UBS Group restated a “market outperform” rating on shares of Oracle in a research report on Friday, October 18th. Eleven equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $168.52.

Insider Activity

In other Oracle news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at approximately $7,076,685. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction 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 Profile

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.