B. Riley Wealth Advisors Inc. Has $7.79 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

B. Riley Wealth Advisors Inc. lessened its position in Oracle Co. (NYSE:ORCL) by 7.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 45,984 shares of the enterprise software provider’s stock after selling 3,444 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Oracle were worth $7,790,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Fairway Wealth LLC bought a new position in Oracle during the 2nd quarter worth about $27,000. POM Investment Strategies LLC acquired a new stake in Oracle in the 2nd quarter valued at approximately $30,000. Reston Wealth Management LLC bought a new stake in Oracle in the 3rd quarter valued at approximately $44,000. Quest Partners LLC acquired a new stake in shares of Oracle in the second quarter valued at approximately $40,000. Finally, Avondale Wealth Management bought a new position in Oracle in the third quarter valued at $51,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Stock Performance

Shares of NYSE:ORCL opened at $173.38 on Friday. The company’s 50 day simple moving average is $180.41 and its 200 day simple moving average is $155.71. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.72. Oracle Co. has a 1 year low of $99.36 and a 1 year high of $198.31. The stock has a market capitalization of $484.94 billion, a price-to-earnings ratio of 42.39, a price-to-earnings-growth ratio of 3.32 and a beta of 1.03.

Oracle (NYSE:ORCL) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. Oracle’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.34 EPS. As a group, research analysts predict that Oracle Co. will post 5.17 EPS for the current fiscal year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, January 23rd will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, January 9th. This represents a $1.60 annualized dividend and a yield of 0.92%. Oracle’s dividend payout ratio is presently 39.12%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Jefferies Financial Group increased their price objective on shares of Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. JMP Securities reiterated a “market outperform” rating and set a $205.00 price objective on shares of Oracle in a research note on Tuesday. Oppenheimer reissued a “market perform” rating on shares of Oracle in a research note on Tuesday, September 10th. TD Cowen upped their price target on shares of Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Finally, Citigroup lifted their price objective on shares of Oracle from $157.00 to $194.00 and gave the company a “neutral” rating in a research report on Tuesday. Twelve investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $183.63.

Insider Buying and Selling at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the transaction, the executive vice president now owns 42,889 shares in the company, valued at approximately $7,076,685. The trade was a 12.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate 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.