Financial Security Advisor Inc. Trims Holdings in Oracle Co. (NYSE:ORCL)

Financial Security Advisor Inc. lowered its holdings in Oracle Co. (NYSE:ORCL) by 7.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 7,982 shares of the enterprise software provider’s stock after selling 632 shares during the period. Financial Security Advisor Inc.’s holdings in Oracle were worth $1,330,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Verus Capital Partners LLC lifted its position in shares of Oracle by 6.4% in the 4th quarter. Verus Capital Partners LLC now owns 18,044 shares of the enterprise software provider’s stock worth $3,007,000 after purchasing an additional 1,080 shares during the period. Fort Sheridan Advisors LLC raised its stake in Oracle by 0.7% in the fourth quarter. Fort Sheridan Advisors LLC now owns 23,017 shares of the enterprise software provider’s stock worth $3,836,000 after buying an additional 150 shares in the last quarter. CORDA Investment Management LLC. lifted its holdings in Oracle by 0.9% in the fourth quarter. CORDA Investment Management LLC. now owns 7,966 shares of the enterprise software provider’s stock worth $1,328,000 after buying an additional 68 shares during the period. Linscomb Wealth Inc. boosted its position in Oracle by 2.2% during the 4th quarter. Linscomb Wealth Inc. now owns 37,429 shares of the enterprise software provider’s stock valued at $6,237,000 after acquiring an additional 813 shares in the last quarter. Finally, QRG Capital Management Inc. grew its holdings in shares of Oracle by 8.7% during the 4th quarter. QRG Capital Management Inc. now owns 187,885 shares of the enterprise software provider’s stock worth $31,309,000 after acquiring an additional 15,065 shares during the period. 42.44% of the stock is currently owned by institutional investors.

Oracle Stock Down 4.5 %

Shares of Oracle stock opened at $164.71 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a twelve month low of $110.36 and a twelve month high of $198.31. The company has a market cap of $460.68 billion, a price-to-earnings ratio of 40.27, a price-to-earnings-growth ratio of 3.46 and a beta of 1.05. The company’s 50 day moving average is $169.00 and its 200 day moving average is $168.13.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The firm had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the business earned $1.34 earnings per share. Research analysts anticipate that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.97%. Oracle’s dividend payout ratio is currently 39.12%.

Insider Transactions at Oracle

In other news, CEO Safra Catz sold 2,101,154 shares of the business’s stock in a transaction 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 $207,331,027.20. The trade was a 65.26 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 42.20% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ORCL. Citigroup increased their target price on Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $165.00 price objective on shares of Oracle in a report on Thursday, December 5th. Monness Crespi & Hardt cut shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 target price on the stock. in a report on Friday, December 20th. Cantor Fitzgerald downgraded shares of Oracle to an “overweight” rating in a research report on Monday, February 10th. Finally, UBS Group lifted their price target on shares of Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $182.73.

Oracle Company 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.