Thrive Wealth Management LLC Decreases Stock Holdings in Oracle Co. (NYSE:ORCL)

Thrive Wealth Management LLC lowered its stake in shares of Oracle Co. (NYSE:ORCL) by 21.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,317 shares of the enterprise software provider’s stock after selling 1,457 shares during the period. Thrive Wealth Management LLC’s holdings in Oracle were worth $668,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Contour Asset Management LLC grew its holdings in Oracle by 41.5% in the fourth quarter. Contour Asset Management LLC now owns 2,192,950 shares of the enterprise software provider’s stock valued at $231,203,000 after purchasing an additional 643,490 shares during the period. Sandy Spring Bank grew its stake in Oracle by 1.4% during the fourth quarter. Sandy Spring Bank now owns 78,049 shares of the enterprise software provider’s stock worth $8,229,000 after buying an additional 1,107 shares during the period. Hancock Whitney Corp grew its stake in Oracle by 12.7% during the fourth quarter. Hancock Whitney Corp now owns 29,301 shares of the enterprise software provider’s stock worth $3,089,000 after buying an additional 3,291 shares during the period. LVM Capital Management Ltd. MI grew its stake in Oracle by 3.5% during the fourth quarter. LVM Capital Management Ltd. MI now owns 5,986 shares of the enterprise software provider’s stock worth $631,000 after buying an additional 200 shares during the period. Finally, Heritage Wealth Advisors grew its stake in Oracle by 0.6% during the fourth quarter. Heritage Wealth Advisors now owns 16,995 shares of the enterprise software provider’s stock worth $1,792,000 after buying an additional 109 shares during the period. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Stock Performance

ORCL stock traded up $1.53 on Friday, reaching $141.71. 826,001 shares of the company were exchanged, compared to its average volume of 8,520,257. The stock’s fifty day moving average price is $124.23 and its 200 day moving average price is $117.62. The firm has a market capitalization of $390.53 billion, a PE ratio of 37.79, a PEG ratio of 2.51 and a beta of 1.01. The company has a debt-to-equity ratio of 8.25, a current ratio of 0.71 and a quick ratio of 0.72. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $145.32.

Oracle (NYSE:ORCL) last released its earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). Oracle had a net margin of 19.76% and a return on equity of 223.01%. The business had revenue of $14.29 billion for the quarter, compared to analyst estimates of $14.57 billion. During the same quarter in the previous year, the company posted $1.35 earnings per share. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, research analysts anticipate that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th will be paid a $0.40 dividend. The ex-dividend date is Thursday, July 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.13%. Oracle’s dividend payout ratio (DPR) is presently 43.13%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on ORCL shares. Guggenheim restated a “buy” rating and issued a $175.00 target price on shares of Oracle in a research note on Tuesday. UBS Group upped their target price on shares of Oracle from $150.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. Sanford C. Bernstein upped their price target on shares of Oracle from $159.00 to $171.00 and gave the company an “outperform” rating in a report on Wednesday, June 12th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $125.00 price target on shares of Oracle in a report on Tuesday. Finally, Bank of America upped their price target on shares of Oracle from $144.00 to $155.00 and gave the company a “neutral” rating in a report on Wednesday, June 12th. Fourteen analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $145.83.

Insider Activity

In related news, insider Edward Screven sold 235,918 shares of the stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the completion of the sale, the insider now directly owns 2,626,764 shares of the company’s stock, valued at approximately $379,042,045.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Oracle news, Director Jeffrey Berg sold 22,500 shares of the firm’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $143.12, for a total transaction of $3,220,200.00. Following the completion of the sale, the director now owns 210,712 shares of the company’s stock, valued at approximately $30,157,101.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Edward Screven sold 235,918 shares of the stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $144.30, for a total value of $34,042,967.40. Following the transaction, the insider now owns 2,626,764 shares in the company, valued at approximately $379,042,045.20. The disclosure for this sale can be found here. Insiders sold a total of 385,639 shares of company stock valued at $53,002,729 in the last ninety days. 42.80% of the stock is owned by insiders.

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.