Eads & Heald Wealth Management Reduces Stock Holdings in Oracle Co. (NYSE:ORCL)

Eads & Heald Wealth Management reduced its stake in shares of Oracle Co. (NYSE:ORCL) by 1.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 26,536 shares of the enterprise software provider’s stock after selling 365 shares during the period. Oracle makes up 1.3% of Eads & Heald Wealth Management’s holdings, making the stock its 15th biggest holding. Eads & Heald Wealth Management’s holdings in Oracle were worth $2,798,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of ORCL. Orion Capital Management LLC acquired a new position in Oracle during the 3rd quarter worth $25,000. Ritter Daniher Financial Advisory LLC DE boosted its stake in shares of Oracle by 298.4% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock worth $26,000 after acquiring an additional 182 shares in the last quarter. Spartan Planning & Wealth Management bought a new stake in shares of Oracle during the 3rd quarter worth about $27,000. Cornerstone Planning Group LLC boosted its stake in Oracle by 1,268.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock valued at $36,000 after purchasing an additional 317 shares during the period. Finally, BOK Financial Private Wealth Inc. boosted its stake in Oracle by 139.4% during the 4th quarter. BOK Financial Private Wealth Inc. now owns 371 shares of the enterprise software provider’s stock valued at $39,000 after purchasing an additional 216 shares during the period. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Safra Catz sold 790,000 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total value of $99,966,600.00. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 42.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ORCL. Argus raised Oracle from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. William Blair raised Oracle from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 12th. BMO Capital Markets boosted their target price on Oracle from $126.00 to $142.00 and gave the company a “market perform” rating in a research note on Tuesday, March 12th. Erste Group Bank restated a “hold” rating on shares of Oracle in a report on Friday, December 22nd. Finally, StockNews.com lowered Oracle from a “buy” rating to a “hold” rating in a report on Thursday, March 21st. Ten equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, Oracle presently has an average rating of “Moderate Buy” and an average price target of $130.76.

Oracle Trading Down 1.0 %

Oracle stock traded down $1.23 during trading hours on Monday, reaching $119.88. 5,070,501 shares of the company’s stock were exchanged, compared to its average volume of 8,692,709. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34. The firm’s 50 day simple moving average is $119.08 and its 200 day simple moving average is $112.53. Oracle Co. has a twelve month low of $93.29 and a twelve month high of $132.77. The firm has a market capitalization of $329.49 billion, a PE ratio of 31.96, a PEG ratio of 2.34 and a beta of 1.01.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The firm had revenue of $13.28 billion during the quarter, compared to the consensus estimate of $13.29 billion. During the same period last year, the business posted $0.96 EPS. The business’s revenue was up 7.1% compared to the same quarter last year. Research analysts predict that Oracle Co. will post 4.44 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th will be paid a $0.40 dividend. The ex-dividend date is Tuesday, April 9th. This represents a $1.60 annualized dividend and a dividend yield of 1.33%. Oracle’s dividend payout ratio is presently 42.22%.

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.