Aletheian Wealth Advisors LLC Sells 8,906 Shares of Oracle Co. (NYSE:ORCL)

Aletheian Wealth Advisors LLC reduced its stake in Oracle Co. (NYSE:ORCL) by 84.5% in the third quarter, Holdings Channel.com reports. The institutional investor owned 1,637 shares of the enterprise software provider’s stock after selling 8,906 shares during the period. Aletheian Wealth Advisors LLC’s holdings in Oracle were worth $279,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of ORCL. Fairway Wealth LLC bought a new stake in shares of Oracle during the second quarter valued at approximately $27,000. POM Investment Strategies LLC bought a new stake in shares of Oracle during the second quarter valued at approximately $30,000. Bbjs Financial Advisors LLC bought a new stake in shares of Oracle during the second quarter valued at approximately $35,000. Quest Partners LLC bought a new stake in shares of Oracle during the second quarter valued at approximately $40,000. Finally, Avondale Wealth Management bought a new stake in shares of Oracle during the third quarter valued at approximately $51,000. 42.44% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Maria Smith sold 6,320 shares of the company’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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 42.20% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Barclays lifted their price target on shares of Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. 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. Jefferies Financial Group raised their price objective on shares of Oracle from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Monday, September 16th. BMO Capital Markets raised their price objective on shares of Oracle from $160.00 to $173.00 and gave the company a “market perform” rating in a research report on Tuesday, September 10th. Finally, Bank of America lifted their price target on shares of Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Twelve analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and an average price target of $168.52.

Oracle Stock Up 0.5 %

Shares of ORCL traded up $0.87 during mid-day trading on Tuesday, hitting $173.29. The company’s stock had a trading volume of 1,178,143 shares, compared to its average volume of 8,307,264. The company’s 50-day moving average is $160.84 and its 200-day moving average is $140.79. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $178.61. The firm has a market capitalization of $480.20 billion, a price-to-earnings ratio of 44.62, a PEG ratio of 3.20 and a beta of 1.01. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.06. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The firm had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. During the same quarter in the prior year, the company earned $0.95 EPS. The company’s revenue was up 6.9% compared to the same quarter last year. On average, equities research analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.92%. The ex-dividend date was Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is currently 41.24%.

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.