Oracle Co. (NYSE:ORCL) Shares Sold by Avior Wealth Management LLC

Avior Wealth Management LLC trimmed its stake in shares of Oracle Co. (NYSE:ORCL) by 10.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,793 shares of the enterprise software provider’s stock after selling 6,821 shares during the period. Avior Wealth Management LLC’s holdings in Oracle were worth $9,631,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Beacon Investment Advisory Services Inc. boosted its stake in shares of Oracle by 2.3% in the fourth quarter. Beacon Investment Advisory Services Inc. now owns 8,007 shares of the enterprise software provider’s stock valued at $1,334,000 after purchasing an additional 177 shares during the period. True North Advisors LLC raised its stake in Oracle by 7.1% during the 4th quarter. True North Advisors LLC now owns 6,027 shares of the enterprise software provider’s stock worth $1,004,000 after acquiring an additional 402 shares in the last quarter. Traynor Capital Management Inc. lifted its holdings in shares of Oracle by 80.5% in the 4th quarter. Traynor Capital Management Inc. now owns 3,445 shares of the enterprise software provider’s stock valued at $574,000 after purchasing an additional 1,536 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Oracle by 15.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 408,132 shares of the enterprise software provider’s stock valued at $68,011,000 after acquiring an additional 55,161 shares during the period. Finally, Bartlett & CO. Wealth Management LLC grew its position in Oracle by 9.6% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 43,865 shares of the enterprise software provider’s stock worth $7,310,000 after purchasing an additional 3,847 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Trading Up 6.7 %

NYSE:ORCL opened at $184.18 on Thursday. Oracle Co. has a 1 year low of $106.51 and a 1 year high of $198.31. The business has a fifty day moving average of $174.43 and a 200-day moving average of $162.05. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market cap of $515.14 billion, a price-to-earnings ratio of 45.03, a PEG ratio of 3.39 and a beta of 1.06.

Oracle (NYSE:ORCL) last released its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.01). The company had revenue of $14.06 billion for 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 firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.34 EPS. Equities analysts predict that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.87%. Oracle’s dividend payout ratio (DPR) is 39.12%.

Wall Street Analyst Weigh In

Several research firms have recently commented on ORCL. StockNews.com upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research note on Thursday, January 16th. Stifel Nicolaus upped their price objective on shares of Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. JMP Securities reiterated a “market outperform” rating and set a $205.00 price objective on shares of Oracle in a report on Wednesday. Cantor Fitzgerald began coverage on Oracle in a report on Friday, January 17th. They set an “overweight” rating and a $214.00 target price for the company. Finally, Mizuho increased their price objective 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. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $182.73.

About Oracle

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.