Aaron Wealth Advisors LLC Sells 937 Shares of Oracle Co. (NYSE:ORCL)

Aaron Wealth Advisors LLC lessened its position in Oracle Co. (NYSE:ORCL) by 5.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 16,335 shares of the enterprise software provider’s stock after selling 937 shares during the period. Aaron Wealth Advisors LLC’s holdings in Oracle were worth $2,722,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. State Street Corp raised its position in Oracle by 2.7% in the 3rd quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock worth $12,003,241,000 after buying an additional 1,847,561 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Oracle by 2.6% in the third quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider’s stock worth $5,977,015,000 after acquiring an additional 885,041 shares during the period. Franklin Resources Inc. raised its holdings in shares of Oracle by 11.6% during the third quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock valued at $3,370,640,000 after purchasing an additional 1,917,416 shares during the last quarter. Fisher Asset Management LLC lifted its position in Oracle by 1.8% during the third quarter. Fisher Asset Management LLC now owns 17,898,029 shares of the enterprise software provider’s stock valued at $3,049,824,000 after purchasing an additional 310,709 shares during the period. Finally, Janus Henderson Group PLC boosted its holdings in Oracle by 0.4% in the third quarter. Janus Henderson Group PLC now owns 14,608,951 shares of the enterprise software provider’s stock worth $2,489,345,000 after purchasing an additional 54,868 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Price Performance

Shares of NYSE ORCL opened at $161.05 on Friday. Oracle Co. has a fifty-two week low of $106.51 and a fifty-two week high of $198.31. The company has a market cap of $450.44 billion, a PE ratio of 39.38, a P/E/G ratio of 3.03 and a beta of 1.06. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The business has a 50-day simple moving average of $175.44 and a two-hundred day simple moving average of $161.34.

Oracle (NYSE:ORCL) last posted its quarterly earnings results 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 company had revenue of $14.06 billion during 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%. The company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.34 EPS. As a group, equities analysts expect that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.99%. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on ORCL shares. Cantor Fitzgerald assumed coverage on Oracle in a research note on Friday. They issued an “overweight” rating and a $214.00 price objective for the company. StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a research note on Thursday. Citigroup upped their target price on shares of Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Mizuho increased their price objective on shares of Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Finally, Guggenheim increased their price target on Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $182.73.

About Oracle

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.