Sound View Wealth Advisors Group LLC Has $3.78 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

Sound View Wealth Advisors Group LLC lessened its position in Oracle Co. (NYSE:ORCL) by 0.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 22,690 shares of the enterprise software provider’s stock after selling 88 shares during the period. Sound View Wealth Advisors Group LLC’s holdings in Oracle were worth $3,781,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in ORCL. Sowell Financial Services LLC raised its holdings in shares of Oracle by 0.9% in the fourth quarter. Sowell Financial Services LLC now owns 25,778 shares of the enterprise software provider’s stock valued at $4,296,000 after buying an additional 224 shares during the last quarter. Retirement Solution LLC bought a new position in shares of Oracle in the fourth quarter valued at about $304,000. Argentarii LLC bought a new stake in Oracle during the 4th quarter worth about $588,000. Tilson Financial Group Inc. raised its holdings in Oracle by 12.3% during the 4th quarter. Tilson Financial Group Inc. now owns 3,435 shares of the enterprise software provider’s stock worth $572,000 after purchasing an additional 375 shares during the last quarter. Finally, OFI Invest Asset Management bought a new stake in Oracle during the 4th quarter worth about $45,957,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Buying and Selling

In related news, CEO Safra Catz sold 2,101,154 shares of Oracle stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $207,331,027.20. The trade was a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 42.20% of the stock is owned by insiders.

Oracle Stock Up 3.3 %

ORCL stock opened at $155.89 on Friday. Oracle Co. has a fifty-two week low of $111.18 and a fifty-two week high of $198.31. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The business’s fifty day moving average price is $167.63 and its two-hundred day moving average price is $169.30. The stock has a market capitalization of $436.01 billion, a price-to-earnings ratio of 38.11, a PEG ratio of 3.46 and a beta of 1.07.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.01). The firm had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.34 earnings per share. On average, equities analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio is currently 39.12%.

Analysts Set New Price Targets

Several brokerages have weighed in on ORCL. Stifel Nicolaus boosted their price objective on Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. StockNews.com lowered Oracle from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Morgan Stanley boosted their price objective on Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 10th. Monness Crespi & Hardt raised Oracle from a “sell” rating to a “neutral” rating in a research report on Monday, March 3rd. Finally, Cantor Fitzgerald cut Oracle to an “overweight” rating in a research note on Monday, February 10th. Twelve analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $182.73.

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.