Heritage Wealth Management Inc. Cuts Stake in Oracle Co. (NYSE:ORCL)

Heritage Wealth Management Inc. cut its stake in Oracle Co. (NYSE:ORCL) by 1.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,411 shares of the enterprise software provider’s stock after selling 254 shares during the quarter. Oracle comprises about 0.8% of Heritage Wealth Management Inc.’s investment portfolio, making the stock its 26th biggest position. Heritage Wealth Management Inc.’s holdings in Oracle were worth $2,401,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in ORCL. Wealth Group Ltd. purchased a new position in Oracle in the third quarter valued at about $222,000. Howard Capital Management Group LLC increased its position in shares of Oracle by 12.4% during the third quarter. Howard Capital Management Group LLC now owns 8,019 shares of the enterprise software provider’s stock worth $1,366,000 after acquiring an additional 883 shares during the last quarter. Financial Advocates Investment Management increased its position in shares of Oracle by 16.8% during the third quarter. Financial Advocates Investment Management now owns 6,141 shares of the enterprise software provider’s stock worth $1,046,000 after acquiring an additional 885 shares during the last quarter. Oak Ridge Investments LLC increased its position in shares of Oracle by 3.9% during the third quarter. Oak Ridge Investments LLC now owns 1,730 shares of the enterprise software provider’s stock worth $295,000 after acquiring an additional 65 shares during the last quarter. Finally, Stephens Inc. AR increased its position in shares of Oracle by 53.1% during the third quarter. Stephens Inc. AR now owns 69,686 shares of the enterprise software provider’s stock worth $11,875,000 after acquiring an additional 24,174 shares during the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Oracle

In related news, CEO Safra Catz sold 2,101,154 shares of the business’s 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 sale, the chief executive officer now 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 42.20% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ORCL. JMP Securities reaffirmed a “market outperform” rating and set a $205.00 target price on shares of Oracle in a research report on Wednesday, January 22nd. Guggenheim lifted their target price on Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. BNP Paribas raised Oracle to a “strong-buy” rating in a research report on Tuesday, December 10th. KeyCorp lifted their price target on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Finally, Morgan Stanley lifted their price target on Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Oracle currently has an average rating of “Moderate Buy” and a consensus price target of $182.73.

Oracle Stock Performance

Shares of NYSE ORCL opened at $166.09 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The stock has a 50 day simple moving average of $168.93 and a 200-day simple moving average of $168.60. The company has a market cap of $464.55 billion, a PE ratio of 40.61, a P/E/G ratio of 3.46 and a beta of 1.05. Oracle Co. has a 12-month low of $110.36 and a 12-month high of $198.31.

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 the consensus estimate of $1.48 by ($0.01). The business had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.34 earnings per share. On average, equities research analysts forecast that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.96%. Oracle’s dividend payout ratio is presently 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.