Oracle Co. (NYSE:ORCL) Shares Sold by Graves Light Lenhart Wealth Inc.

Graves Light Lenhart Wealth Inc. trimmed its holdings in shares of Oracle Co. (NYSE:ORCL) by 1.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,010 shares of the enterprise software provider’s stock after selling 86 shares during the period. Graves Light Lenhart Wealth Inc.’s holdings in Oracle were worth $1,168,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of ORCL. Fairway Wealth LLC acquired a new stake in shares of Oracle in the second quarter valued at $27,000. Reston Wealth Management LLC bought a new stake in Oracle in the third quarter worth about $44,000. Quest Partners LLC acquired a new stake in Oracle in the 2nd quarter valued at about $40,000. Avondale Wealth Management bought a new position in shares of Oracle during the 3rd quarter valued at about $51,000. Finally, Friedenthal Financial acquired a new position in shares of Oracle in the 3rd quarter worth approximately $51,000. 42.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ORCL. DA Davidson raised their target price on shares of Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. BNP Paribas raised Oracle to a “strong-buy” rating in a research note on Tuesday, December 10th. Melius raised Oracle from a “hold” rating to a “buy” rating and set a $210.00 target price on the stock in a research report on Monday, September 16th. UBS Group increased their price target on Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Finally, Morgan Stanley boosted their price objective on Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Oracle has a consensus rating of “Moderate Buy” and a consensus price target of $181.48.

Oracle Price Performance

Shares of ORCL opened at $153.73 on Tuesday. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.72 and a current ratio of 0.81. The firm has a market cap of $429.98 billion, a PE ratio of 37.59, a PEG ratio of 3.39 and a beta of 1.06. Oracle Co. has a twelve month low of $105.42 and a twelve month high of $198.31. The firm’s 50 day moving average price is $177.30 and its 200 day moving average price is $161.13.

Oracle (NYSE:ORCL) last released 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). The business had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.34 EPS. As a group, research analysts expect that Oracle Co. will post 5.03 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s payout ratio is 39.12%.

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.