Jeppson Wealth Management LLC Lowers Stake in Oracle Co. (NYSE:ORCL)

Jeppson Wealth Management LLC decreased its holdings in Oracle Co. (NYSE:ORCL) by 0.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 27,702 shares of the enterprise software provider’s stock after selling 167 shares during the quarter. Oracle accounts for 1.7% of Jeppson Wealth Management LLC’s portfolio, making the stock its 10th largest position. Jeppson Wealth Management LLC’s holdings in Oracle were worth $4,616,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ORCL. Revolve Wealth Partners LLC raised its stake in shares of Oracle by 8.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider’s stock worth $903,000 after buying an additional 404 shares during the period. Griffin Asset Management Inc. grew its stake in shares of Oracle by 2.3% during the 4th quarter. Griffin Asset Management Inc. now owns 56,669 shares of the enterprise software provider’s stock valued at $9,443,000 after acquiring an additional 1,287 shares during the period. Fortitude Advisory Group L.L.C. increased its holdings in Oracle by 3.9% in the 4th quarter. Fortitude Advisory Group L.L.C. now owns 5,220 shares of the enterprise software provider’s stock worth $870,000 after acquiring an additional 197 shares in the last quarter. Nilsine Partners LLC raised its stake in Oracle by 9.2% during the 4th quarter. Nilsine Partners LLC now owns 29,067 shares of the enterprise software provider’s stock worth $4,844,000 after acquiring an additional 2,445 shares during the period. Finally, Lebenthal Global Advisors LLC lifted its holdings in Oracle by 9.2% during the fourth quarter. Lebenthal Global Advisors LLC now owns 9,782 shares of the enterprise software provider’s stock valued at $1,630,000 after purchasing an additional 828 shares in the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Price Performance

Oracle stock opened at $158.10 on Tuesday. Oracle Co. has a 12-month low of $106.51 and a 12-month high of $198.31. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The firm has a 50-day moving average price of $174.41 and a 200-day moving average price of $162.79. The firm has a market capitalization of $442.19 billion, a PE ratio of 38.65, a price-to-earnings-growth ratio of 3.62 and a beta of 1.06.

Oracle (NYSE:ORCL) last announced its 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 business had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. During the same quarter last year, the firm earned $1.34 EPS. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. As a group, equities research analysts forecast that Oracle Co. will post 5.01 EPS for the current year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a yield of 1.01%. Oracle’s payout ratio is 39.12%.

Insider Activity at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $207,331,027.20. This trade represents a 65.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 42.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

ORCL has been the topic of several recent analyst reports. Morgan Stanley raised their price objective on shares of Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 10th. StockNews.com lowered Oracle from a “buy” rating to a “hold” rating in a research note on Friday. Citigroup boosted their price objective on Oracle from $157.00 to $194.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. DA Davidson increased their target price on Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Finally, Stifel Nicolaus lifted their target price on Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average 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.