Aviance Capital Partners LLC Sells 75 Shares of Oracle Co. (NYSE:ORCL)

Aviance Capital Partners LLC trimmed its position in shares of Oracle Co. (NYSE:ORCL) by 1.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,450 shares of the enterprise software provider’s stock after selling 75 shares during the quarter. Aviance Capital Partners LLC’s holdings in Oracle were worth $1,099,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fairway Wealth LLC purchased a new position in Oracle during the 2nd quarter valued at about $27,000. POM Investment Strategies LLC bought a new stake in shares of Oracle in the 2nd quarter worth approximately $30,000. Bbjs Financial Advisors LLC purchased a new stake in shares of Oracle in the 2nd quarter worth approximately $35,000. Koesten Hirschmann & Crabtree INC. bought a new position in Oracle during the 1st quarter valued at approximately $38,000. Finally, Quest Partners LLC bought a new position in Oracle during the 2nd quarter valued at approximately $40,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Activity at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the transaction, 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 12.84 % decrease in their ownership of the stock. The transaction 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.

Oracle Trading Up 1.7 %

Oracle stock opened at $188.90 on Wednesday. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $191.77. The firm has a market capitalization of $523.45 billion, a price-to-earnings ratio of 48.69, a P/E/G ratio of 3.39 and a beta of 1.02. The firm has a 50 day moving average of $173.72 and a 200 day moving average of $148.08. 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 announced its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 EPS 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 for the quarter, compared to the consensus estimate of $13.23 billion. During the same period last year, the firm earned $0.95 EPS. The company’s revenue was up 6.9% on a year-over-year basis. As a group, research analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The firm 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. This represents a $1.60 annualized dividend and a dividend yield of 0.85%. The ex-dividend date was Thursday, October 10th. Oracle’s dividend payout ratio is currently 41.24%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on ORCL shares. Royal Bank of Canada started coverage on Oracle in a research note on Wednesday, October 23rd. They issued a “sector perform” rating and a $165.00 target price on the stock. Oppenheimer reiterated a “market perform” rating on shares of Oracle in a research note on Tuesday, September 10th. 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. 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 report on Tuesday, September 10th. Finally, DA Davidson increased their target price on Oracle from $105.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. Eleven equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $169.52.

Oracle Company 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.