Nicolet Advisory Services LLC Lowers Stake in Oracle Co. (NYSE:ORCL)

Nicolet Advisory Services LLC trimmed its position in Oracle Co. (NYSE:ORCL) by 5.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,425 shares of the enterprise software provider’s stock after selling 929 shares during the quarter. Nicolet Advisory Services LLC’s holdings in Oracle were worth $2,741,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. lifted its stake in shares of Oracle by 5.3% during the third quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock worth $411,748,000 after purchasing an additional 121,874 shares in the last quarter. Itau Unibanco Holding S.A. lifted its position in Oracle by 15.3% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 24,800 shares of the enterprise software provider’s stock worth $3,502,000 after acquiring an additional 3,300 shares in the last quarter. Chase Investment Counsel Corp purchased a new position in Oracle in the 3rd quarter worth approximately $4,160,000. Oppenheimer Asset Management Inc. raised its stake in shares of Oracle by 79.6% during the third quarter. Oppenheimer Asset Management Inc. now owns 286,460 shares of the enterprise software provider’s stock valued at $48,813,000 after purchasing an additional 126,985 shares during the period. Finally, Buckley Wealth Management LLC lifted its position in shares of Oracle by 63.8% during the third quarter. Buckley Wealth Management LLC now owns 7,370 shares of the enterprise software provider’s stock worth $1,256,000 after purchasing an additional 2,870 shares in the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Trading Down 0.1 %

Oracle stock opened at $192.29 on Friday. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $196.04. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The stock has a market cap of $532.85 billion, a P/E ratio of 49.56, a P/E/G ratio of 3.55 and a beta of 1.02. The company’s fifty day simple moving average is $175.62 and its 200-day simple moving average is $149.20.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.06. The business had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm’s revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.95 EPS. As a group, sell-side analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were paid a dividend of $0.40 per share. The ex-dividend date was Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.83%. Oracle’s dividend payout ratio (DPR) is presently 41.24%.

Insider Activity

In other Oracle news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the transaction, the executive vice president now owns 42,889 shares of the company’s stock, valued at $7,076,685. The trade was a 12.84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 42.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of Oracle from $110.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. Morgan Stanley boosted their target price on shares of Oracle from $125.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 10th. Melius Research raised shares of Oracle from a “hold” rating to a “buy” rating in a research report on Monday, September 16th. TD Cowen boosted their price objective on Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Finally, Melius raised Oracle from a “hold” rating to a “buy” rating and set a $210.00 target price on the stock in a report on Monday, September 16th. Eleven research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and a consensus price target of $169.52.

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.