One Wealth Advisors LLC Reduces Stock Position in Oracle Co. (NYSE:ORCL)

One Wealth Advisors LLC lessened its position in shares of Oracle Co. (NYSE:ORCL) by 9.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,330 shares of the enterprise software provider’s stock after selling 1,200 shares during the quarter. One Wealth Advisors LLC’s holdings in Oracle were worth $1,931,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ORCL. Vanguard Group Inc. raised its holdings in shares of Oracle by 1.0% in the first quarter. Vanguard Group Inc. now owns 151,213,890 shares of the enterprise software provider’s stock worth $18,993,977,000 after acquiring an additional 1,514,569 shares during the last quarter. Capital World Investors grew its position in shares of Oracle by 0.4% in the first quarter. Capital World Investors now owns 18,466,713 shares of the enterprise software provider’s stock valued at $2,319,604,000 after purchasing an additional 82,551 shares during the period. Legal & General Group Plc increased its stake in Oracle by 2.3% in the second quarter. Legal & General Group Plc now owns 13,242,340 shares of the enterprise software provider’s stock valued at $1,869,816,000 after purchasing an additional 296,866 shares during the last quarter. Janus Henderson Group PLC lifted its position in Oracle by 148.8% during the first quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock worth $1,616,855,000 after buying an additional 7,699,141 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Oracle by 6.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,318,962 shares of the enterprise software provider’s stock worth $1,033,430,000 after buying an additional 424,500 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

ORCL has been the topic of several research analyst reports. KeyCorp raised their target price on shares of Oracle from $165.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. TD Cowen boosted their price objective on shares of Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Oppenheimer reaffirmed a “market perform” rating on shares of Oracle in a research report on Tuesday, September 10th. BMO Capital Markets boosted their price target on Oracle from $160.00 to $173.00 and gave the company a “market perform” rating in a research report on Tuesday, September 10th. Finally, Piper Sandler raised their price objective on Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. Ten analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $167.42.

Insider Buying and Selling

In related news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction dated 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 in the company, valued at $7,076,685. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 42.80% of the stock is owned by company insiders.

Oracle Stock Up 0.8 %

Shares of Oracle stock traded up $1.42 during trading on Thursday, reaching $176.19. The company had a trading volume of 767,476 shares, compared to its average volume of 8,454,235. The company has a market cap of $485.55 billion, a price-to-earnings ratio of 47.11, a price-to-earnings-growth ratio of 3.29 and a beta of 1.01. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $178.61. The firm’s fifty day moving average is $154.50 and its 200-day moving average is $137.88. 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 (NYSE:ORCL) last released its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. The company had revenue of $13.31 billion for the quarter, compared to the consensus estimate of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. Oracle’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.95 EPS. On average, analysts anticipate that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders 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 yield of 0.91%. Oracle’s payout ratio is currently 43.13%.

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.