Beacon Financial Group Sells 1,123 Shares of Oracle Co. (NYSE:ORCL)

Beacon Financial Group lowered its position in Oracle Co. (NYSE:ORCL) by 4.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,239 shares of the enterprise software provider’s stock after selling 1,123 shares during the period. Beacon Financial Group’s holdings in Oracle were worth $4,539,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Schear Investment Advisers LLC boosted its position in Oracle by 23.1% in the fourth quarter. Schear Investment Advisers LLC now owns 9,137 shares of the enterprise software provider’s stock worth $1,523,000 after purchasing an additional 1,714 shares during the last quarter. Warther Private Wealth LLC lifted its stake in shares of Oracle by 1.8% in the 4th quarter. Warther Private Wealth LLC now owns 3,621 shares of the enterprise software provider’s stock worth $603,000 after purchasing an additional 63 shares during the period. Leavell Investment Management Inc. boosted its holdings in shares of Oracle by 3.0% in the fourth quarter. Leavell Investment Management Inc. now owns 33,857 shares of the enterprise software provider’s stock worth $5,642,000 after buying an additional 986 shares during the last quarter. Fishman Jay A Ltd. MI grew its position in Oracle by 2.2% during the fourth quarter. Fishman Jay A Ltd. MI now owns 29,106 shares of the enterprise software provider’s stock valued at $4,850,000 after buying an additional 636 shares during the period. Finally, Quent Capital LLC increased its holdings in Oracle by 1.2% during the fourth quarter. Quent Capital LLC now owns 13,589 shares of the enterprise software provider’s stock valued at $2,264,000 after buying an additional 158 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Trading Down 1.0 %

ORCL stock opened at $177.18 on Wednesday. Oracle Co. has a twelve month low of $106.51 and a twelve month high of $198.31. The stock has a market capitalization of $495.57 billion, a price-to-earnings ratio of 43.32, a price-to-earnings-growth ratio of 3.39 and a beta of 1.05. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The firm’s fifty day simple moving average is $170.37 and its two-hundred day simple moving average is $164.97.

Oracle (NYSE:ORCL) last issued its quarterly earnings results 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 firm had revenue of $14.06 billion for 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%. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.34 earnings per share. As a group, analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio is currently 39.12%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Monness Crespi & Hardt cut shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price target on the stock. in a research note on Friday, December 20th. Royal Bank of Canada reiterated a “sector perform” rating and set a $165.00 target price on shares of Oracle in a research report on Thursday, December 5th. DA Davidson upped their price target on Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Guggenheim raised their price objective on Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, BNP Paribas upgraded Oracle to a “strong-buy” rating in a research note on Tuesday, December 10th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Oracle has a consensus rating of “Moderate Buy” and a consensus target price of $182.73.

Insider Buying and Selling at Oracle

In other news, CEO Safra Catz sold 2,101,154 shares of Oracle stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total transaction 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 approximately $207,331,027.20. The trade was a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 42.20% of the stock is currently owned by corporate insiders.

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.