Wade Financial Advisory Inc Cuts Stake in Oracle Co. (NYSE:ORCL)

Wade Financial Advisory Inc cut its position in Oracle Co. (NYSE:ORCL) by 3.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,238 shares of the enterprise software provider’s stock after selling 130 shares during the period. Wade Financial Advisory Inc’s holdings in Oracle were worth $540,000 as of its most recent SEC filing.

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

Insider Transactions at Oracle

In related news, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction 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 in the company, valued at approximately $207,331,027.20. This represents a 65.26 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 42.20% of the company’s stock.

Analysts Set New Price Targets

ORCL has been the subject of several research analyst reports. StockNews.com lowered Oracle from a “buy” rating to a “hold” rating in a report on Friday, January 24th. Mizuho upped their price target on shares of Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Morgan Stanley raised their price objective on shares of Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 10th. UBS Group upped their target price on shares of Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Finally, Evercore ISI lifted their price target on shares of Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $182.73.

Oracle Trading Up 3.7 %

Shares of Oracle stock opened at $164.12 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The firm 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 twelve month low of $106.51 and a twelve month high of $198.31. The business has a 50-day moving average price of $173.36 and a 200-day moving average price of $163.03.

Oracle (NYSE:ORCL) last released 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). The firm had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business’s revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.34 EPS. Equities research analysts anticipate that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Announces Dividend

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

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.