Insight Wealth Strategies LLC Trims Position in Oracle Co. (NYSE:ORCL)

Insight Wealth Strategies LLC trimmed its stake in Oracle Co. (NYSE:ORCL) by 13.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,178 shares of the enterprise software provider’s stock after selling 1,864 shares during the period. Insight Wealth Strategies LLC’s holdings in Oracle were worth $2,029,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Fairway Wealth LLC bought a new position in shares of Oracle during the 2nd quarter worth $27,000. Quest Partners LLC purchased a new stake in Oracle in the second quarter worth about $40,000. Reston Wealth Management LLC bought a new position in Oracle during the 3rd quarter worth about $44,000. Avondale Wealth Management purchased a new position in Oracle during the 3rd quarter valued at about $51,000. Finally, Friedenthal Financial bought a new stake in shares of Oracle in the 3rd quarter valued at about $51,000. 42.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on ORCL shares. Monness Crespi & Hardt downgraded shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price objective on the stock. in a research note on Friday, December 20th. Mizuho increased their target price on Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Sanford C. Bernstein boosted their price target on Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. KeyCorp raised their price objective on Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Finally, 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 report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $181.48.

Oracle Stock Performance

Shares of Oracle stock traded down $1.05 during trading on Monday, hitting $165.27. 4,449,714 shares of the company’s stock were exchanged, compared to its average volume of 5,182,442. Oracle Co. has a 52-week low of $102.13 and a 52-week high of $198.31. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.72 and a current ratio of 0.81. The stock has a market capitalization of $462.25 billion, a price-to-earnings ratio of 40.41, a PEG ratio of 3.39 and a beta of 1.06. The business has a 50-day simple moving average of $178.62 and a 200-day simple moving average of $160.29.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (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 analyst estimates of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period last year, the firm earned $1.34 EPS. On average, research analysts forecast that Oracle Co. will post 5.03 EPS for the current year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, January 23rd will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Friday, January 10th. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

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.