Foster Victor Wealth Advisors LLC Cuts Holdings in Oracle Co. (NYSE:ORCL)

Foster Victor Wealth Advisors LLC decreased its position in Oracle Co. (NYSE:ORCL) by 11.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,416 shares of the enterprise software provider’s stock after selling 463 shares during the period. Foster Victor Wealth Advisors LLC’s holdings in Oracle were worth $609,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Westend Capital Management LLC bought a new position in Oracle during the first quarter valued at about $25,000. Fairway Wealth LLC purchased a new position in Oracle in the second quarter valued at about $27,000. POM Investment Strategies LLC bought a new position in shares of Oracle during the 2nd quarter valued at approximately $30,000. Bbjs Financial Advisors LLC purchased a new stake in shares of Oracle during the 2nd quarter worth approximately $35,000. Finally, Alaska Permanent Fund Corp bought a new stake in shares of Oracle in the 1st quarter worth approximately $36,000. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Up 0.4 %

Shares of NYSE:ORCL opened at $174.78 on Thursday. The firm has a fifty day moving average of $154.50 and a 200 day moving average of $137.88. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $178.61. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a market capitalization of $481.67 billion, a PE ratio of 47.11, a price-to-earnings-growth ratio of 3.29 and a beta of 1.01.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, beating the consensus estimate of $1.33 by $0.06. The firm had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The company’s revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.95 EPS. As a group, research analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.92%. Oracle’s payout ratio is 43.13%.

Insider Activity

In other Oracle news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the sale, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at $7,076,685. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 42.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have weighed in on ORCL. Melius raised Oracle from a “hold” rating to a “buy” rating and set a $210.00 price objective for the company in a report on Monday, September 16th. JPMorgan Chase & Co. boosted their price objective on Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Mizuho increased their target price on shares of Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Guggenheim boosted their price target on shares of Oracle from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, September 13th. Finally, Jefferies Financial Group raised their price objective on shares of Oracle from $170.00 to $190.00 and gave the stock a “buy” rating in a report on Monday, September 16th. Ten analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $167.42.

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.