Icon Wealth Advisors LLC Sells 12,199 Shares of Oracle Co. (NYSE:ORCL)

Icon Wealth Advisors LLC reduced its holdings in Oracle Co. (NYSE:ORCL) by 83.7% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,368 shares of the enterprise software provider’s stock after selling 12,199 shares during the quarter. Icon Wealth Advisors LLC’s holdings in Oracle were worth $433,000 at the end of the most recent reporting period.

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

Insider Activity at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of the firm’s 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 directly owns 42,889 shares in the company, valued at approximately $7,076,685. This trade represents a 12.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 42.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Oppenheimer reiterated a “market perform” rating on shares of Oracle in a research report on Tuesday, September 10th. Royal Bank of Canada initiated coverage on shares of Oracle in a research report on Wednesday, October 23rd. They set a “sector perform” rating and a $165.00 price target on the stock. StockNews.com upgraded shares of Oracle from a “hold” rating to a “buy” rating in a report on Wednesday. Citigroup upped their price objective on shares of Oracle from $140.00 to $157.00 and gave the company a “neutral” rating in a research note on Wednesday, September 11th. Finally, KeyCorp boosted their price target on shares of Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Eleven investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and an average price target of $169.52.

Oracle Trading Down 0.1 %

NYSE ORCL opened at $192.29 on Friday. The stock’s 50 day moving average is $175.62 and its 200 day moving average is $149.41. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The firm has a market capitalization of $532.85 billion, a PE ratio of 49.56, a P/E/G ratio of 3.55 and a beta of 1.02. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $196.04.

Oracle (NYSE:ORCL) last issued its quarterly earnings results 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 company had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. Oracle’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period last year, the business earned $0.95 EPS. Research analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were paid a $0.40 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.83%. Oracle’s payout ratio is currently 41.24%.

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.