Lodestone Wealth Management LLC Sells 72 Shares of Oracle Co. (NYSE:ORCL)

Lodestone Wealth Management LLC lowered its holdings in Oracle Co. (NYSE:ORCL) by 1.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,669 shares of the enterprise software provider’s stock after selling 72 shares during the quarter. Lodestone Wealth Management LLC’s holdings in Oracle were worth $796,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. BNP Paribas bought a new stake in Oracle in the first quarter valued at $893,000. Goelzer Investment Management Inc. grew its holdings in shares of Oracle by 25.0% in the 1st quarter. Goelzer Investment Management Inc. now owns 7,492 shares of the enterprise software provider’s stock worth $941,000 after purchasing an additional 1,500 shares during the last quarter. Graypoint LLC grew its holdings in shares of Oracle by 12.3% in the 1st quarter. Graypoint LLC now owns 12,039 shares of the enterprise software provider’s stock worth $1,512,000 after purchasing an additional 1,314 shares during the last quarter. Magnolia Capital Advisors LLC lifted its holdings in Oracle by 8.3% during the 1st quarter. Magnolia Capital Advisors LLC now owns 6,739 shares of the enterprise software provider’s stock valued at $774,000 after purchasing an additional 518 shares during the last quarter. Finally, Adapt Wealth Advisors LLC acquired a new position in Oracle in the first quarter valued at about $321,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Up 1.3 %

Oracle stock opened at $170.02 on Friday. The company has a 50 day moving average of $163.43 and a 200-day moving average of $142.08. The stock has a market capitalization of $471.14 billion, a PE ratio of 43.82, a price-to-earnings-growth ratio of 3.09 and a beta of 1.02. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $178.61.

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

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date was Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is currently 41.24%.

Insider Buying and Selling at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the sale, the executive vice president now owns 42,889 shares in the company, valued at $7,076,685. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 42.20% of the company’s stock.

Analyst Ratings Changes

ORCL has been the subject of several recent analyst reports. Jefferies Financial Group raised their price objective on shares of Oracle from $170.00 to $190.00 and gave the stock a “buy” rating in a report on Monday, September 16th. Stifel Nicolaus raised their price target on Oracle from $135.00 to $155.00 and gave the company a “hold” rating in a report on Tuesday, September 10th. JMP Securities lifted their price objective on Oracle from $175.00 to $205.00 and gave the company a “market outperform” rating in a research report on Friday, October 18th. Barclays increased their target price on Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. Finally, Citigroup lifted their price target on Oracle from $140.00 to $157.00 and gave the company a “neutral” rating in a report on Wednesday, September 11th. Twelve investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and an average target price of $168.52.

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.