Oracle Co. (NYSE:ORCL) Stock Holdings Lessened by Valley Wealth Managers Inc.

Valley Wealth Managers Inc. lessened its position in Oracle Co. (NYSE:ORCL) by 9.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 166,407 shares of the enterprise software provider’s stock after selling 17,340 shares during the quarter. Oracle accounts for approximately 2.1% of Valley Wealth Managers Inc.’s portfolio, making the stock its 5th largest holding. Valley Wealth Managers Inc.’s holdings in Oracle were worth $28,356,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in ORCL. Fairway Wealth LLC purchased a new position in shares of Oracle during the second quarter valued at approximately $27,000. POM Investment Strategies LLC bought a new position in shares of Oracle in the second quarter worth about $30,000. Bbjs Financial Advisors LLC purchased a new stake in Oracle in the second quarter worth about $35,000. Koesten Hirschmann & Crabtree INC. bought a new stake in Oracle during the first quarter valued at about $38,000. Finally, Quest Partners LLC acquired a new stake in shares of Oracle in the 2nd quarter worth $40,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Barclays lifted their price objective on Oracle from $160.00 to $172.00 and gave the company an “overweight” rating in a research note on Tuesday, September 10th. JMP Securities lifted their target price on shares of Oracle from $175.00 to $205.00 and gave the company a “market outperform” rating in a report on Friday, October 18th. Morgan Stanley increased their price objective on shares of Oracle from $125.00 to $145.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 10th. StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Melius Research upgraded Oracle from a “hold” rating to a “buy” rating in a report on Monday, September 16th. Eleven equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat.com, Oracle currently has a consensus rating of “Moderate Buy” and an average price target of $169.52.

Insider Activity

In related news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the sale, the executive vice president now owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. The trade was a 12.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 42.20% of the stock is owned by insiders.

Oracle Price Performance

Shares of ORCL stock traded down $1.83 during midday trading on Friday, reaching $185.22. 677,448 shares of the company were exchanged, compared to its average volume of 8,218,690. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $191.77. The company has a market cap of $513.26 billion, a P/E ratio of 47.74, a PEG ratio of 3.49 and a beta of 1.02. The company’s 50 day moving average price is $171.30 and its two-hundred day moving average price is $146.14. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72.

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

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were given a dividend of $0.40 per share. The ex-dividend date was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.86%. Oracle’s payout ratio is 41.24%.

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.