HTG Investment Advisors Inc. Sells 80 Shares of Oracle Co. (NYSE:ORCL)

HTG Investment Advisors Inc. cut its stake in Oracle Co. (NYSE:ORCL) by 3.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,591 shares of the enterprise software provider’s stock after selling 80 shares during the period. HTG Investment Advisors Inc.’s holdings in Oracle were worth $432,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. R Squared Ltd bought a new stake in shares of Oracle in the 4th quarter valued at about $25,000. Winch Advisory Services LLC boosted its stake in Oracle by 89.7% in the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after acquiring an additional 87 shares in the last quarter. Reston Wealth Management LLC purchased a new position in Oracle in the third quarter worth $44,000. Synergy Asset Management LLC acquired a new position in shares of Oracle during the fourth quarter worth $47,000. Finally, Avondale Wealth Management purchased a new stake in shares of Oracle during the 3rd quarter valued at $51,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Stock Performance

Shares of Oracle stock opened at $167.98 on Wednesday. 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 stock has a market capitalization of $469.83 billion, a price-to-earnings ratio of 41.07, a price-to-earnings-growth ratio of 3.35 and a beta of 1.05. The business has a 50-day moving average of $171.50 and a 200 day moving average of $163.79. Oracle Co. has a 12 month low of $106.51 and a 12 month high of $198.31.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The business had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.34 EPS. As a group, sell-side analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s payout ratio is currently 39.12%.

Wall Street Analyst Weigh In

ORCL has been the topic of several recent analyst reports. BMO Capital Markets upped their target price on Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a research report on Tuesday, December 10th. Jefferies Financial Group upped their price objective on shares of Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, December 5th. DA Davidson lifted their target price on shares of Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Evercore ISI upped their price target on shares of Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Finally, Morgan Stanley lifted their price objective on shares of Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and an average target price of $182.73.

Insider Activity at Oracle

In other Oracle news, CEO Safra Catz sold 345,174 shares of the stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $185.56, for a total value of $64,050,487.44. Following the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $207,565,931.52. This represents a 23.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 42.20% of the stock is currently owned by company insiders.

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.