West Oak Capital LLC Has $4.62 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

West Oak Capital LLC trimmed its position in shares of Oracle Co. (NYSE:ORCL) by 2.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 27,090 shares of the enterprise software provider’s stock after selling 735 shares during the quarter. Oracle makes up approximately 0.9% of West Oak Capital LLC’s investment portfolio, making the stock its 12th biggest holding. West Oak Capital LLC’s holdings in Oracle were worth $4,616,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Moss Adams Wealth Advisors LLC lifted its holdings in shares of Oracle by 16.2% during the 3rd quarter. Moss Adams Wealth Advisors LLC now owns 9,948 shares of the enterprise software provider’s stock worth $1,695,000 after acquiring an additional 1,386 shares during the period. Accurate Wealth Management LLC raised its position in Oracle by 18.5% in the third quarter. Accurate Wealth Management LLC now owns 6,846 shares of the enterprise software provider’s stock worth $1,192,000 after purchasing an additional 1,068 shares in the last quarter. KMG Fiduciary Partners LLC lifted its stake in Oracle by 3.3% during the third quarter. KMG Fiduciary Partners LLC now owns 80,910 shares of the enterprise software provider’s stock worth $13,787,000 after purchasing an additional 2,559 shares during the period. Net Worth Advisory Group bought a new position in Oracle during the third quarter worth about $969,000. Finally, Precedent Wealth Partners LLC acquired a new stake in Oracle during the third quarter valued at approximately $214,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Activity at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 42.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ORCL. Stifel Nicolaus upped their price target on Oracle from $135.00 to $155.00 and gave the company a “hold” rating in a research report on Tuesday, September 10th. Guggenheim upped their target price on shares of Oracle from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, September 13th. UBS Group reissued a “market outperform” rating on shares of Oracle in a report on Friday. Melius Research raised shares of Oracle from a “hold” rating to a “buy” rating in a report on Monday, September 16th. Finally, Melius raised Oracle from a “hold” rating to a “buy” rating and set a $210.00 target price on the stock in a report on Monday, September 16th. Ten equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $168.67.

Oracle Price Performance

Shares of ORCL stock opened at $174.72 on Friday. The firm’s 50 day moving average price is $156.29 and its two-hundred day moving average price is $138.49. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $178.61. The stock has a market cap of $484.16 billion, a PE ratio of 45.03, a PEG ratio of 3.25 and a beta of 1.01.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.06. The business 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 firm’s revenue was up 6.9% on a year-over-year basis. During the same period last year, the company earned $0.95 EPS. As a group, analysts forecast that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be paid a $0.40 dividend. The ex-dividend date is Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.92%. Oracle’s dividend payout ratio (DPR) is presently 41.24%.

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.