VisionPoint Advisory Group LLC Has $1.95 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

VisionPoint Advisory Group LLC cut its holdings in shares of Oracle Co. (NYSE:ORCL) by 5.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,730 shares of the enterprise software provider’s stock after selling 690 shares during the period. VisionPoint Advisory Group LLC’s holdings in Oracle were worth $1,948,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Bradley Foster & Sargent Inc. CT raised its holdings in Oracle by 2.8% during the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 259,458 shares of the enterprise software provider’s stock worth $43,236,000 after purchasing an additional 6,973 shares during the last quarter. Physicians Financial Services Inc. raised its holdings in Oracle by 2.1% during the 4th quarter. Physicians Financial Services Inc. now owns 24,167 shares of the enterprise software provider’s stock worth $4,027,000 after purchasing an additional 499 shares during the last quarter. Centricity Wealth Management LLC bought a new position in Oracle during the 4th quarter worth approximately $533,000. Legacy Capital Group California Inc. raised its holdings in Oracle by 5.4% during the 4th quarter. Legacy Capital Group California Inc. now owns 7,462 shares of the enterprise software provider’s stock worth $1,244,000 after purchasing an additional 381 shares during the last quarter. Finally, One Day In July LLC raised its holdings in Oracle by 10.9% during the 4th quarter. One Day In July LLC now owns 3,408 shares of the enterprise software provider’s stock worth $568,000 after purchasing an additional 335 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Price Performance

ORCL opened at $176.01 on Friday. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market capitalization of $492.30 billion, a price-to-earnings ratio of 43.04, a P/E/G ratio of 3.57 and a beta of 1.05. The firm’s fifty day moving average price is $169.10 and its two-hundred day moving average price is $166.74. Oracle Co. has a 1 year low of $106.51 and a 1 year high of $198.31.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The firm had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. Oracle’s revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.34 earnings per share. As a group, analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio is 39.12%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on ORCL shares. KeyCorp raised their price target on shares of Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. StockNews.com lowered shares of Oracle from a “buy” rating to a “hold” rating in a research note on Wednesday. Stifel Nicolaus lifted their price objective on shares of Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. UBS Group lifted their price objective on shares of Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Finally, Cantor Fitzgerald began coverage on shares of Oracle in a research note on Friday, January 17th. They issued an “overweight” rating and a $214.00 price objective for the company. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $182.73.

Insider Buying and Selling

In related news, CEO Safra Catz sold 2,101,154 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total value of $389,448,893.90. Following the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $207,331,027.20. The trade was a 65.26 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 42.20% of the stock is owned by insiders.

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.