Stratos Wealth Advisors LLC Reduces Stock Holdings in Oracle Co. (NYSE:ORCL)

Stratos Wealth Advisors LLC lessened its position in shares of Oracle Co. (NYSE:ORCL) by 17.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 9,274 shares of the enterprise software provider’s stock after selling 1,976 shares during the period. Stratos Wealth Advisors LLC’s holdings in Oracle were worth $1,545,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in ORCL. Stratos Wealth Partners LTD. raised its position in Oracle by 2.4% during the fourth quarter. Stratos Wealth Partners LTD. now owns 104,321 shares of the enterprise software provider’s stock worth $17,384,000 after acquiring an additional 2,408 shares during the last quarter. Retirement Systems of Alabama raised its position in shares of Oracle by 0.3% during the 4th quarter. Retirement Systems of Alabama now owns 835,464 shares of the enterprise software provider’s stock worth $139,222,000 after purchasing an additional 2,538 shares during the last quarter. Guidance Capital Inc. lifted its stake in Oracle by 15.6% in the 4th quarter. Guidance Capital Inc. now owns 6,143 shares of the enterprise software provider’s stock valued at $1,128,000 after buying an additional 829 shares in the last quarter. Avitas Wealth Management LLC grew its holdings in Oracle by 0.5% during the 4th quarter. Avitas Wealth Management LLC now owns 16,401 shares of the enterprise software provider’s stock valued at $2,733,000 after buying an additional 87 shares during the last quarter. Finally, Bay Harbor Wealth Management LLC increased its position in Oracle by 14.4% during the fourth quarter. Bay Harbor Wealth Management LLC now owns 747 shares of the enterprise software provider’s stock worth $124,000 after buying an additional 94 shares in the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Trading Up 2.2 %

Shares of ORCL opened at $171.52 on Thursday. Oracle Co. has a 12 month low of $106.51 and a 12 month high of $198.31. The stock’s 50-day moving average is $171.05 and its two-hundred day moving average is $164.00. 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 stock has a market cap of $479.73 billion, a PE ratio of 41.94, a P/E/G ratio of 3.35 and a beta of 1.05.

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

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is 39.12%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Evercore ISI upped their price objective on Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. BMO Capital Markets upped their target price on shares of Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a report on Tuesday, December 10th. Piper Sandler lifted their price target on shares of Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. Morgan Stanley upped their price objective on shares of Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 10th. Finally, BNP Paribas raised shares of Oracle to a “strong-buy” rating in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Oracle has an average rating of “Moderate Buy” and an average target price of $182.73.

Insiders Place Their Bets

In other Oracle 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 transaction of $389,448,893.90. Following the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $207,331,027.20. The trade was a 65.26 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 42.20% of the stock is currently owned by company insiders.

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.