Oracle Co. (NYSE:ORCL) Stock Position Trimmed by Regent Peak Wealth Advisors LLC

Regent Peak Wealth Advisors LLC decreased its position in Oracle Co. (NYSE:ORCL) by 7.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 21,636 shares of the enterprise software provider’s stock after selling 1,743 shares during the period. Oracle makes up approximately 0.8% of Regent Peak Wealth Advisors LLC’s holdings, making the stock its 24th biggest position. Regent Peak Wealth Advisors LLC’s holdings in Oracle were worth $3,687,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Westend Capital Management LLC bought a new stake in shares of Oracle during the first quarter valued at about $25,000. Fairway Wealth LLC bought a new stake in shares of Oracle during the 2nd quarter worth about $27,000. POM Investment Strategies LLC acquired a new stake in shares of Oracle in the 2nd quarter worth approximately $30,000. Bbjs Financial Advisors LLC bought a new position in shares of Oracle in the second quarter valued at approximately $35,000. Finally, Alaska Permanent Fund Corp acquired a new position in shares of Oracle during the first quarter valued at approximately $36,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Down 0.9 %

Shares of NYSE:ORCL traded down $1.54 during midday trading on Wednesday, hitting $172.55. 1,946,019 shares of the stock were exchanged, compared to its average volume of 8,470,484. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $178.61. The business’s fifty day simple moving average is $153.52 and its two-hundred day simple moving average is $137.62. The company has a market capitalization of $475.52 billion, a PE ratio of 46.52, a P/E/G ratio of 3.29 and a beta of 1.01.

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

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be paid a $0.40 dividend. The ex-dividend date is Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.93%. Oracle’s payout ratio is presently 43.13%.

Insiders Place Their Bets

In other news, Director Leon E. Panetta sold 15,000 shares of the stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $137.89, for a total value of $2,068,350.00. Following the completion of the transaction, the director now directly owns 58,090 shares of the company’s stock, valued at approximately $8,010,030.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Leon E. Panetta sold 15,000 shares of the business’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $137.89, for a total value of $2,068,350.00. Following the sale, the director now owns 58,090 shares in the company, valued at approximately $8,010,030.10. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction 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 sale, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at $7,076,685. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 42.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ORCL. KeyCorp upped their target price on Oracle from $165.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. Melius raised Oracle from a “hold” rating to a “buy” rating and set a $210.00 target price for the company in a research note on Monday, September 16th. Bank of America boosted their price target on shares of Oracle from $155.00 to $175.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. Citigroup raised their price objective on shares of Oracle from $140.00 to $157.00 and gave the company a “neutral” rating in a research report on Wednesday, September 11th. Finally, JMP Securities upgraded shares of Oracle from a “market perform” rating to an “outperform” rating and set a $175.00 target price on the stock in a report on Tuesday, September 10th. Ten research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and a consensus target price of $167.42.

Oracle 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.