Richwood Investment Advisors LLC Has $1.04 Million Stake in Oracle Co. (NYSE:ORCL)

Richwood Investment Advisors LLC reduced its holdings in Oracle Co. (NYSE:ORCL) by 3.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,091 shares of the enterprise software provider’s stock after selling 200 shares during the quarter. Oracle accounts for about 0.9% of Richwood Investment Advisors LLC’s investment portfolio, making the stock its 27th largest holding. Richwood Investment Advisors LLC’s holdings in Oracle were worth $1,038,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Eagle Rock Investment Company LLC boosted its holdings in shares of Oracle by 0.4% in the third quarter. Eagle Rock Investment Company LLC now owns 17,626 shares of the enterprise software provider’s stock worth $3,003,000 after acquiring an additional 64 shares during the period. Versant Capital Management Inc lifted its holdings in Oracle by 1.7% during the 3rd quarter. Versant Capital Management Inc now owns 3,957 shares of the enterprise software provider’s stock worth $674,000 after purchasing an additional 65 shares in the last quarter. First International Bank & Trust boosted its stake in Oracle by 1.8% in the 3rd quarter. First International Bank & Trust now owns 3,734 shares of the enterprise software provider’s stock worth $636,000 after purchasing an additional 67 shares during the period. Adirondack Trust Co. grew its holdings in Oracle by 0.8% during the 3rd quarter. Adirondack Trust Co. now owns 8,636 shares of the enterprise software provider’s stock valued at $1,472,000 after buying an additional 67 shares in the last quarter. Finally, Werlinich Asset Management LLC increased its position in shares of Oracle by 3.1% during the second quarter. Werlinich Asset Management LLC now owns 2,325 shares of the enterprise software provider’s stock valued at $326,000 after buying an additional 70 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insiders Place Their Bets

In related news, Director Leon E. Panetta sold 15,000 shares of the stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the transaction, the director now owns 58,090 shares in the company, valued at $8,010,030.10. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Leon E. Panetta sold 15,000 shares of the company’s stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the completion of the sale, the director now owns 58,090 shares in the company, valued at approximately $8,010,030.10. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the transaction, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 42.80% of the stock is owned by insiders.

Oracle Stock Down 1.1 %

Shares of Oracle stock traded down $2.00 during midday trading on Tuesday, hitting $174.12. The company had a trading volume of 2,020,647 shares, compared to its average volume of 8,483,230. The company has a 50 day moving average of $152.60 and a 200 day moving average of $137.28. The stock has a market capitalization of $479.85 billion, a P/E ratio of 47.09, a P/E/G ratio of 3.29 and a beta of 1.01. 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.

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 company had revenue of $13.31 billion for the quarter, compared to the consensus estimate of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. Oracle’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.95 EPS. On average, equities analysts predict that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Investors 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 annualized dividend and a yield of 0.92%. Oracle’s payout ratio is 43.13%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a research note on Tuesday, September 10th. JMP Securities raised Oracle from a “market perform” rating to an “outperform” rating and set a $175.00 price objective for the company in a report on Tuesday, September 10th. BMO Capital Markets raised their target price on shares of Oracle from $160.00 to $173.00 and gave the company a “market perform” rating in a research note on Tuesday, September 10th. UBS Group lifted their target price on shares of Oracle from $160.00 to $175.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. Finally, Morgan Stanley increased their price target on shares of Oracle from $125.00 to $145.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 10th. Ten investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $167.42.

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.