Ibex Wealth Advisors Has $1.35 Million Position in Oracle Co. (NYSE:ORCL)

Ibex Wealth Advisors lessened its holdings in shares of Oracle Co. (NYSE:ORCL) by 56.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 8,121 shares of the enterprise software provider’s stock after selling 10,449 shares during the quarter. Ibex Wealth Advisors’ holdings in Oracle were worth $1,353,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. R Squared Ltd acquired a new position in shares of Oracle in the 4th quarter worth approximately $25,000. Winch Advisory Services LLC raised its position in Oracle by 89.7% in the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after purchasing an additional 87 shares during the last quarter. Reston Wealth Management LLC acquired a new position in Oracle during the 3rd quarter worth about $44,000. Avondale Wealth Management acquired a new position in shares of Oracle during the third quarter worth approximately $51,000. Finally, Friedenthal Financial bought a new stake in shares of Oracle during the third quarter valued at approximately $51,000. Institutional investors own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ORCL. Mizuho upped their price objective on Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. BMO Capital Markets increased their target price on Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a research note on Tuesday, December 10th. StockNews.com lowered Oracle from a “buy” rating to a “hold” rating in a research report on Friday, January 24th. Royal Bank of Canada reissued a “sector perform” rating and issued a $165.00 target price on shares of Oracle in a research report on Thursday, December 5th. Finally, DA Davidson upped their price target on Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and an average price target of $182.73.

Insider Activity

In related news, CEO Safra Catz sold 2,101,154 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $207,331,027.20. The trade was a 65.26 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 42.20% of the stock is owned by company insiders.

Oracle Price Performance

Shares of Oracle stock traded down $2.26 during trading on Wednesday, reaching $161.74. 1,663,819 shares of the company’s stock were exchanged, compared to its average volume of 14,781,325. The company has a market cap of $452.39 billion, a P/E ratio of 39.55, a PEG ratio of 3.62 and a beta of 1.06. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. Oracle Co. has a 1-year low of $106.51 and a 1-year high of $198.31. The firm’s 50-day moving average price is $173.36 and its 200 day moving average price is $163.03.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. During the same quarter last year, the business earned $1.34 earnings per share. Oracle’s revenue was up 8.6% compared to the same quarter last year. As a group, research analysts anticipate that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.99%. Oracle’s payout ratio is currently 39.12%.

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.