CFS Investment Advisory Services LLC Trims Stock Position in Oracle Co. (NYSE:ORCL)

CFS Investment Advisory Services LLC lessened its position in shares of Oracle Co. (NYSE:ORCL) by 0.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,432 shares of the enterprise software provider’s stock after selling 65 shares during the period. CFS Investment Advisory Services LLC’s holdings in Oracle were worth $1,405,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Activest Wealth Management increased its holdings in shares of Oracle by 21.9% during the third quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock valued at $53,000 after acquiring an additional 56 shares in the last quarter. Second Line Capital LLC increased its stake in Oracle by 1.5% during the 3rd quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider’s stock valued at $650,000 after purchasing an additional 58 shares in the last quarter. Cadence Bank raised its holdings in shares of Oracle by 0.8% in the third quarter. Cadence Bank now owns 7,605 shares of the enterprise software provider’s stock worth $1,296,000 after buying an additional 59 shares during the last quarter. Eagle Rock Investment Company LLC lifted its stake in shares of Oracle by 0.4% during the third quarter. Eagle Rock Investment Company LLC now owns 17,626 shares of the enterprise software provider’s stock worth $3,003,000 after buying an additional 64 shares during the period. Finally, W Advisors LLC increased its position in shares of Oracle by 3.1% in the 3rd quarter. W Advisors LLC now owns 2,158 shares of the enterprise software provider’s stock valued at $368,000 after acquiring an additional 64 shares during the period. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ORCL has been the subject of several research analyst reports. StockNews.com cut Oracle from a “buy” rating to a “hold” rating in a research note on Friday. Royal Bank of Canada restated a “sector perform” rating and set a $165.00 price objective on shares of Oracle in a research note on Thursday, December 5th. Piper Sandler raised their target price on shares of Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. Morgan Stanley boosted their target price on shares of Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 10th. Finally, Jefferies Financial Group lifted their price objective on Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Oracle has an average rating of “Moderate Buy” and an average target price of $182.73.

Oracle Trading Down 1.5 %

NYSE:ORCL opened at $183.59 on Friday. Oracle Co. has a 1 year low of $106.51 and a 1 year high of $198.31. The stock has a market cap of $513.50 billion, a P/E ratio of 44.89, a P/E/G ratio of 3.62 and a beta of 1.06. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a 50-day simple moving average of $174.41 and a 200-day simple moving average of $162.49.

Oracle (NYSE:ORCL) last announced 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 company had revenue of $14.06 billion during the quarter, compared to analysts’ expectations 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 prior year, the company earned $1.34 earnings per share. As a group, analysts anticipate that Oracle Co. will post 5.01 earnings per share for the current fiscal 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 given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.87%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is 39.12%.

Insider Buying and Selling at Oracle

In related news, CEO Safra Catz sold 345,174 shares of the firm’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $207,565,931.52. This trade represents a 23.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 42.20% of the stock is owned by company insiders.

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.