Heritage Wealth Management Inc. Sells 115 Shares of Oracle Co. (NYSE:ORCL)

Heritage Wealth Management Inc. trimmed its position in Oracle Co. (NYSE:ORCL) by 0.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,665 shares of the enterprise software provider’s stock after selling 115 shares during the period. Oracle accounts for 0.8% of Heritage Wealth Management Inc.’s portfolio, making the stock its 27th biggest position. Heritage Wealth Management Inc.’s holdings in Oracle were worth $2,499,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Principal Financial Group Inc. grew its position in shares of Oracle by 5.3% during the 3rd quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock valued at $411,748,000 after acquiring an additional 121,874 shares during the period. Itau Unibanco Holding S.A. grew its position in shares of Oracle by 15.3% during the second quarter. Itau Unibanco Holding S.A. now owns 24,800 shares of the enterprise software provider’s stock worth $3,502,000 after purchasing an additional 3,300 shares in the last quarter. Buckley Wealth Management LLC lifted its holdings in Oracle by 63.8% in the 3rd 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 in the last quarter. GAMMA Investing LLC grew its holdings in Oracle by 55.7% during the 2nd quarter. GAMMA Investing LLC now owns 22,315 shares of the enterprise software provider’s stock valued at $3,151,000 after buying an additional 7,982 shares in the last quarter. Finally, United Asset Strategies Inc. raised its position in shares of Oracle by 41.7% during the third quarter. United Asset Strategies Inc. now owns 19,501 shares of the enterprise software provider’s stock valued at $3,323,000 after buying an additional 5,737 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ORCL has been the topic of several research analyst reports. Mizuho boosted their price target on shares of Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. DA Davidson raised their price target on Oracle from $105.00 to $140.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Sanford C. Bernstein upped their price objective on Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. Morgan Stanley raised their target price on shares of Oracle from $125.00 to $145.00 and gave the company an “equal weight” rating in a report on Tuesday, September 10th. Finally, Melius raised shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 price target on the stock in a research note on Monday, September 16th. Eleven investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $168.52.

Insiders Place Their Bets

In other news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were 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 represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 42.20% of the company’s stock.

Oracle Stock Up 0.9 %

Oracle stock traded up $1.63 during mid-day trading on Friday, reaching $188.00. 199,637 shares of the company were exchanged, compared to its average volume of 8,246,305. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $188.46. The business has a fifty day moving average of $165.58 and a 200 day moving average of $143.29. The firm has a market cap of $520.96 billion, a P/E ratio of 48.02, a PEG ratio of 3.12 and a beta of 1.02. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72.

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

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were paid a $0.40 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.85%. Oracle’s dividend payout ratio (DPR) is 41.24%.

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.