Wade Financial Advisory Inc Reduces Position in Oracle Co. (NYSE:ORCL)

Wade Financial Advisory Inc trimmed its holdings in Oracle Co. (NYSE:ORCL) by 3.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,238 shares of the enterprise software provider’s stock after selling 130 shares during the quarter. Wade Financial Advisory Inc’s holdings in Oracle were worth $540,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Susquehanna Fundamental Investments LLC bought a new stake in shares of Oracle during the second quarter worth $1,516,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Oracle by 20.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 169,108 shares of the enterprise software provider’s stock valued at $23,878,000 after buying an additional 28,138 shares in the last quarter. Sunbelt Securities Inc. boosted its position in Oracle by 7.0% in the 2nd quarter. Sunbelt Securities Inc. now owns 8,300 shares of the enterprise software provider’s stock valued at $1,172,000 after buying an additional 542 shares during the period. Invst LLC increased its position in shares of Oracle by 2.4% during the second quarter. Invst LLC now owns 3,372 shares of the enterprise software provider’s stock worth $482,000 after acquiring an additional 79 shares during the period. Finally, Regal Investment Advisors LLC raised its stake in shares of Oracle by 6.1% during the second quarter. Regal Investment Advisors LLC now owns 13,123 shares of the enterprise software provider’s stock valued at $1,853,000 after acquiring an additional 756 shares in the last quarter. 42.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ORCL. Cantor Fitzgerald initiated coverage on Oracle in a research note on Friday, January 17th. They issued an “overweight” rating and a $214.00 price objective on the stock. Monness Crespi & Hardt lowered Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price target on the stock. in a research note on Friday, December 20th. Jefferies Financial Group upped their price objective on shares of Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. UBS Group raised their target price on shares of Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $165.00 price target on shares of Oracle in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $182.73.

Insider Buying and Selling at Oracle

In related news, CEO Safra Catz sold 2,101,154 shares of Oracle stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. This trade represents a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 42.20% of the stock is owned by corporate insiders.

Oracle Price Performance

NYSE ORCL opened at $164.12 on Wednesday. The stock’s fifty day moving average price is $173.36 and its 200 day moving average price is $163.03. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market cap of $459.04 billion, a price-to-earnings ratio of 40.13, a PEG ratio of 3.62 and a beta of 1.06. Oracle Co. has a 1 year low of $106.51 and a 1 year high of $198.31.

Oracle (NYSE:ORCL) last released its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 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 firm had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. During the same period last year, the firm earned $1.34 EPS. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, equities research analysts forecast that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were given a dividend of $0.40 per share. The ex-dividend date was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.97%. Oracle’s dividend payout ratio is presently 39.12%.

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.