Avitas Wealth Management LLC Has $2.73 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

Avitas Wealth Management LLC lifted its holdings in shares of Oracle Co. (NYSE:ORCL) by 0.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 16,401 shares of the enterprise software provider’s stock after buying an additional 87 shares during the period. Avitas Wealth Management LLC’s holdings in Oracle were worth $2,733,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Czech National Bank raised its position in shares of Oracle by 7.2% in the third quarter. Czech National Bank now owns 325,610 shares of the enterprise software provider’s stock valued at $55,484,000 after purchasing an additional 21,832 shares during the period. Miracle Mile Advisors LLC raised its holdings in Oracle by 14.3% in the 3rd quarter. Miracle Mile Advisors LLC now owns 17,652 shares of the enterprise software provider’s stock worth $3,008,000 after acquiring an additional 2,212 shares during the period. Versant Capital Management Inc lifted its position in Oracle by 1.7% during the 3rd quarter. Versant Capital Management Inc now owns 3,957 shares of the enterprise software provider’s stock worth $674,000 after acquiring an additional 65 shares during the last quarter. Ignite Planners LLC boosted its holdings in Oracle by 20.2% during the third quarter. Ignite Planners LLC now owns 3,065 shares of the enterprise software provider’s stock valued at $522,000 after acquiring an additional 515 shares during the period. Finally, Affinity Capital Advisors LLC grew its position in shares of Oracle by 12.9% in the third quarter. Affinity Capital Advisors LLC now owns 1,836 shares of the enterprise software provider’s stock valued at $313,000 after purchasing an additional 210 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ORCL. Jefferies Financial Group boosted their price objective on Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. DA Davidson increased their price objective on Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. BMO Capital Markets boosted their target price on shares of Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a research report on Tuesday, December 10th. Piper Sandler increased their price target on shares of Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. Finally, Citigroup raised their price target on shares of Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $182.73.

Oracle Stock Down 0.4 %

Shares of ORCL opened at $167.98 on Wednesday. The company has a market capitalization of $469.83 billion, a P/E ratio of 41.07, a PEG ratio of 3.35 and a beta of 1.05. Oracle Co. has a one year low of $106.51 and a one year high of $198.31. The business’s 50 day simple moving average is $171.50 and its 200-day simple moving average is $163.79. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 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 business 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 posted $1.34 EPS. Oracle’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, sell-side analysts predict that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

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

Insiders Place Their Bets

In related news, CEO Safra Catz sold 2,101,154 shares of the firm’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total value of $389,448,893.90. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $207,331,027.20. This trade represents a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 42.20% of the company’s stock.

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.