Arkadios Wealth Advisors Reduces Holdings in Oracle Co. (NYSE:ORCL)

Arkadios Wealth Advisors lessened its position in shares of Oracle Co. (NYSE:ORCL) by 15.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,568 shares of the enterprise software provider’s stock after selling 3,248 shares during the quarter. Arkadios Wealth Advisors’ holdings in Oracle were worth $2,928,000 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 the business. Winch Advisory Services LLC boosted its stake in Oracle by 89.7% during the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after buying an additional 87 shares during the period. Reston Wealth Management LLC acquired a new position in shares of Oracle in the 3rd quarter worth approximately $44,000. Avondale Wealth Management purchased a new position in shares of Oracle during the 3rd quarter worth approximately $51,000. Friedenthal Financial acquired a new stake in Oracle in the 3rd quarter valued at approximately $51,000. Finally, Activest Wealth Management raised its position in Oracle by 21.9% in the third quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock valued at $53,000 after purchasing an additional 56 shares during the period. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Stock Performance

Shares of ORCL opened at $161.05 on Friday. The company’s 50 day simple moving average is $175.44 and its 200-day simple moving average is $161.34. The firm has a market cap of $450.44 billion, a PE ratio of 39.38, a price-to-earnings-growth ratio of 3.03 and a beta of 1.06. 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.

Oracle (NYSE:ORCL) last issued its quarterly earnings data 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 return on equity of 133.25% and a net margin of 21.16%. The business had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. During the same period in the previous year, the business posted $1.34 earnings per share. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, equities analysts predict 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. Shareholders of record on Thursday, January 23rd were given a dividend of $0.40 per share. The ex-dividend date was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.99%. Oracle’s payout ratio is 39.12%.

Analyst Ratings Changes

ORCL has been the subject of several research analyst reports. Stifel Nicolaus raised their price target on Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. Mizuho lifted their target price on Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. JMP Securities reissued a “market outperform” rating and set a $205.00 price target on shares of Oracle in a research report on Tuesday, December 10th. Guggenheim lifted their price objective on shares of Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, BNP Paribas upgraded shares of Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $182.73.

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.