Arkadios Wealth Advisors Decreases Stock Position in Oracle Co. (NYSE:ORCL)

Arkadios Wealth Advisors decreased its position in shares of Oracle Co. (NYSE:ORCL) by 15.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,568 shares of the enterprise software provider’s stock after selling 3,248 shares during the period. Arkadios Wealth Advisors’ holdings in Oracle were worth $2,928,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Winch Advisory Services LLC raised its stake in Oracle by 89.7% during the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after purchasing an additional 87 shares in the last quarter. Reston Wealth Management LLC bought a new position in shares of Oracle in the 3rd quarter valued at about $44,000. Avondale Wealth Management purchased a new position in Oracle in the third quarter worth about $51,000. Friedenthal Financial bought a new stake in Oracle during the third quarter worth approximately $51,000. Finally, Activest Wealth Management raised its position in Oracle by 21.9% during the third quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock valued at $53,000 after purchasing an additional 56 shares during the period. 42.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on ORCL shares. Guggenheim boosted their target price on Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. StockNews.com upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research report on Thursday. 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. BMO Capital Markets upped their price target on shares of Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a report on Tuesday, December 10th. Finally, UBS Group upped their target price on Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. One analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $182.73.

Oracle Price Performance

Shares of NYSE ORCL opened at $161.05 on Friday. 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 firm has a market cap of $450.44 billion, a PE ratio of 39.38, a PEG ratio of 3.03 and a beta of 1.06. Oracle Co. has a one year low of $106.51 and a one year high of $198.31. The firm has a fifty day moving average of $175.44 and a 200 day moving average of $161.34.

Oracle (NYSE:ORCL) last issued its quarterly earnings results 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). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. During the same period in the prior year, the firm earned $1.34 earnings per share. The business’s revenue was up 8.6% on a year-over-year basis. As a group, research analysts predict that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were given a dividend of $0.40 per share. The ex-dividend date was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.99%. Oracle’s payout ratio is 39.12%.

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.