Fairhaven Wealth Management LLC Sells 784 Shares of Oracle Co. (NYSE:ORCL)

Fairhaven Wealth Management LLC lessened its position in shares of Oracle Co. (NYSE:ORCL) by 1.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 43,094 shares of the enterprise software provider’s stock after selling 784 shares during the period. Oracle comprises 2.2% of Fairhaven Wealth Management LLC’s investment portfolio, making the stock its 9th biggest holding. Fairhaven Wealth Management LLC’s holdings in Oracle were worth $7,181,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Wrapmanager Inc. grew its stake in Oracle by 5.1% during the 4th quarter. Wrapmanager Inc. now owns 9,685 shares of the enterprise software provider’s stock worth $1,614,000 after buying an additional 471 shares during the last quarter. Mengis Capital Management Inc. lifted its stake in Oracle by 5.0% in the fourth quarter. Mengis Capital Management Inc. now owns 4,178 shares of the enterprise software provider’s stock valued at $696,000 after buying an additional 200 shares during the last quarter. CWS Financial Advisors LLC acquired a new stake in shares of Oracle in the fourth quarter valued at approximately $201,000. Prasad Wealth Partners LLC purchased a new position in shares of Oracle during the fourth quarter worth approximately $682,000. Finally, BankPlus Trust Department acquired a new position in shares of Oracle in the 4th quarter valued at $626,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Price Performance

Shares of ORCL opened at $170.00 on Tuesday. Oracle Co. has a one year low of $109.79 and a one year high of $198.31. The stock’s fifty day moving average is $168.97 and its 200-day moving average is $167.87. 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 firm has a market capitalization of $475.48 billion, a price-to-earnings ratio of 41.56, a price-to-earnings-growth ratio of 3.46 and a beta of 1.05.

Oracle (NYSE:ORCL) last released its 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 for the quarter, compared to analyst estimates of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.34 EPS. Equities 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 was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date was Friday, January 10th. Oracle’s payout ratio is 39.12%.

Insider Transactions at Oracle

In other news, CEO Safra Catz sold 345,174 shares of the firm’s stock in a transaction on Friday, January 24th. The stock was sold at an average price of $185.56, for a total value of $64,050,487.44. Following the completion of the sale, 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 sale was disclosed in a filing with the SEC, which is available at this link. 42.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on ORCL shares. BNP Paribas upgraded shares of Oracle to a “strong-buy” rating in a research note on Tuesday, December 10th. StockNews.com cut Oracle from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Cantor Fitzgerald cut Oracle to an “overweight” rating in a research report on Monday, February 10th. Jefferies Financial Group lifted their target price on Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, Mizuho lifted their price objective on Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $182.73.

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.