Insight Wealth Partners LLC Cuts Position in Oracle Co. (NYSE:ORCL)

Insight Wealth Partners LLC trimmed its position in shares of Oracle Co. (NYSE:ORCL) by 31.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,212 shares of the enterprise software provider’s stock after selling 564 shares during the period. Insight Wealth Partners LLC’s holdings in Oracle were worth $207,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Principal Financial Group Inc. lifted its position in Oracle by 5.3% in the third quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock worth $411,748,000 after buying an additional 121,874 shares during the last quarter. Itau Unibanco Holding S.A. lifted its holdings in shares of Oracle by 15.3% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 24,800 shares of the enterprise software provider’s stock worth $3,502,000 after acquiring an additional 3,300 shares during the last quarter. Chase Investment Counsel Corp purchased a new position in shares of Oracle during the 3rd quarter worth about $4,160,000. Oppenheimer Asset Management Inc. grew its holdings in Oracle by 79.6% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 286,460 shares of the enterprise software provider’s stock valued at $48,813,000 after purchasing an additional 126,985 shares during the last quarter. Finally, Buckley Wealth Management LLC lifted its stake in Oracle by 63.8% in the third quarter. Buckley Wealth Management LLC now owns 7,370 shares of the enterprise software provider’s stock worth $1,256,000 after purchasing an additional 2,870 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Maria Smith sold 6,320 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the transaction, the executive vice president now owns 42,889 shares in the company, valued at $7,076,685. This trade represents a 12.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 42.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on ORCL shares. Jefferies Financial Group increased their price target on Oracle from $170.00 to $190.00 and gave the stock a “buy” rating in a report on Monday, September 16th. StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a research report on Wednesday, November 20th. Piper Sandler upped their price target on shares of Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. Oppenheimer reiterated a “market perform” rating on shares of Oracle in a report on Tuesday, September 10th. Finally, Melius Research raised shares of Oracle from a “hold” rating to a “buy” rating in a research report on Monday, September 16th. Eleven research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $169.52.

Oracle Trading Up 1.3 %

Shares of NYSE:ORCL opened at $190.36 on Wednesday. The business has a 50-day moving average price of $176.44 and a 200-day moving average price of $150.66. The stock has a market cap of $527.49 billion, a price-to-earnings ratio of 49.06, a PEG ratio of 3.46 and a beta of 1.02. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $196.04. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.06. The firm had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The firm’s revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.95 earnings per share. Equities analysts predict that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were issued a $0.40 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.84%. Oracle’s payout ratio is 41.24%.

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.