AdvisorNet Financial Inc Sells 41,169 Shares of Oracle Co. (NYSE:ORCL)

AdvisorNet Financial Inc trimmed its stake in shares of Oracle Co. (NYSE:ORCL) by 83.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 8,414 shares of the enterprise software provider’s stock after selling 41,169 shares during the quarter. AdvisorNet Financial Inc’s holdings in Oracle were worth $1,402,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Activest Wealth Management grew 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 worth $53,000 after purchasing an additional 56 shares in the last quarter. Second Line Capital LLC lifted its position in Oracle by 1.5% during the third 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 during the last quarter. Cadence Bank grew its stake in Oracle by 0.8% in the 3rd 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 in the last quarter. Eagle Rock Investment Company LLC increased its holdings in shares of Oracle by 0.4% in the 3rd 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 last quarter. Finally, W Advisors LLC raised its position in shares of Oracle by 3.1% during the 3rd quarter. W Advisors LLC now owns 2,158 shares of the enterprise software provider’s stock valued at $368,000 after buying an additional 64 shares in the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Stock Performance

NYSE:ORCL opened at $156.34 on Wednesday. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a twelve month low of $105.42 and a twelve month high of $198.31. The stock has a market cap of $437.28 billion, a P/E ratio of 38.22, a price-to-earnings-growth ratio of 3.39 and a beta of 1.06. The firm’s fifty day simple moving average is $176.99 and its 200 day simple moving average is $161.24.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. During the same quarter in the prior year, the firm earned $1.34 EPS. Oracle’s quarterly revenue was up 8.6% compared to the same quarter last year. As a group, research analysts predict that Oracle Co. will post 5.03 EPS for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders 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 1.02%. The ex-dividend date was Friday, January 10th. Oracle’s payout ratio is presently 39.12%.

Analyst Ratings Changes

Several brokerages recently issued reports on ORCL. BNP Paribas upgraded shares of Oracle to a “strong-buy” rating in a research report on Tuesday, December 10th. Jefferies Financial Group upped their price objective on Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. JMP Securities reissued a “market outperform” rating and set a $205.00 price objective on shares of Oracle in a report on Tuesday, December 10th. Citigroup upped their target price on Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Finally, Sanford C. Bernstein lifted their price target on shares of Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $181.48.

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.