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

TrinityPoint Wealth LLC reduced its stake in shares of Oracle Co. (NYSE:ORCL) by 1.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,355 shares of the enterprise software provider’s stock after selling 86 shares during the quarter. TrinityPoint Wealth LLC’s holdings in Oracle were worth $1,226,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. McClarren Financial Advisors Inc. increased its holdings in Oracle by 201.7% during the 4th quarter. McClarren Financial Advisors Inc. now owns 1,599 shares of the enterprise software provider’s stock worth $266,000 after purchasing an additional 1,069 shares during the last quarter. Foundations Investment Advisors LLC increased its holdings in Oracle by 24.8% during the 4th quarter. Foundations Investment Advisors LLC now owns 164,593 shares of the enterprise software provider’s stock worth $27,428,000 after purchasing an additional 32,718 shares during the last quarter. Crews Bank & Trust purchased a new stake in Oracle during the 4th quarter worth approximately $1,800,000. Boston Trust Walden Corp increased its holdings in Oracle by 40.8% during the 4th quarter. Boston Trust Walden Corp now owns 564,030 shares of the enterprise software provider’s stock worth $93,990,000 after purchasing an additional 163,543 shares during the last quarter. Finally, CENTRAL TRUST Co increased its holdings in Oracle by 10.8% during the 4th quarter. CENTRAL TRUST Co now owns 43,851 shares of the enterprise software provider’s stock worth $7,307,000 after purchasing an additional 4,259 shares during the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Stock Up 0.6%

Shares of Oracle stock opened at $160.31 on Friday. The stock has a 50-day moving average price of $142.91 and a 200 day moving average price of $162.49. The company has a market cap of $448.39 billion, a P/E ratio of 39.20, a P/E/G ratio of 3.46 and a beta of 1.27. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a 1 year low of $114.55 and a 1 year high of $198.31.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.02). The business had revenue of $14.13 billion during the quarter, compared to analysts’ expectations of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm’s revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.41 earnings per share. As a group, analysts expect that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th were paid a $0.50 dividend. This is an increase from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a yield of 1.25%. The ex-dividend date was Thursday, April 10th. Oracle’s dividend payout ratio is currently 46.95%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Mizuho dropped their price objective on Oracle from $210.00 to $180.00 and set an “outperform” rating on the stock in a report on Tuesday, April 15th. Morgan Stanley decreased their target price on Oracle from $170.00 to $160.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. DA Davidson decreased their target price on Oracle from $150.00 to $140.00 and set a “neutral” rating for the company in a research report on Monday, April 14th. BMO Capital Markets decreased their target price on Oracle from $205.00 to $175.00 and set a “market perform” rating for the company in a research report on Tuesday, March 11th. Finally, StockNews.com lowered Oracle from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Fourteen research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $174.42.

Insiders Place Their Bets

In other Oracle news, Director Leon E. Panetta sold 5,000 shares of the company’s stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $129.77, for a total value of $648,850.00. Following the transaction, the director now directly owns 58,090 shares of the company’s stock, valued at $7,538,339.30. This represents a 7.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Naomi O. Seligman sold 2,866 shares of the company’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $149.53, for a total value of $428,552.98. Following the completion of the transaction, the director now directly owns 31,764 shares in the company, valued at approximately $4,749,670.92. The trade was a 8.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 27,366 shares of company stock valued at $4,015,723 in the last three months. Insiders own 42.20% of the company’s stock.

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.