IVC Wealth Advisors LLC Reduces Position in Oracle Co. (NYSE:ORCL)

IVC Wealth Advisors LLC lowered its holdings in Oracle Co. (NYSE:ORCL) by 5.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,393 shares of the enterprise software provider’s stock after selling 83 shares during the period. IVC Wealth Advisors LLC’s holdings in Oracle were worth $232,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Donoghue Forlines LLC purchased a new stake in Oracle during the fourth quarter worth approximately $1,994,000. Goldstein Advisors LLC grew its stake in shares of Oracle by 179.6% during the fourth quarter. Goldstein Advisors LLC now owns 3,629 shares of the enterprise software provider’s stock valued at $605,000 after acquiring an additional 2,331 shares in the last quarter. Beacon Investment Advisory Services Inc. increased its holdings in Oracle by 2.3% during the 4th quarter. Beacon Investment Advisory Services Inc. now owns 8,007 shares of the enterprise software provider’s stock worth $1,334,000 after purchasing an additional 177 shares during the last quarter. True North Advisors LLC grew its position in shares of Oracle by 7.1% during the fourth quarter. True North Advisors LLC now owns 6,027 shares of the enterprise software provider’s stock worth $1,004,000 after buying an additional 402 shares in the last quarter. Finally, Traynor Capital Management Inc. raised its stake in shares of Oracle by 80.5% in the 4th quarter. Traynor Capital Management Inc. now owns 3,445 shares of the enterprise software provider’s stock valued at $574,000 after purchasing an additional 1,536 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. BMO Capital Markets lifted their price objective on shares of Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a report on Tuesday, December 10th. DA Davidson lifted their price target on Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Piper Sandler upped their price objective on shares of Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. Mizuho boosted their target price on Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Finally, UBS Group raised their price objective on shares of Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $182.73.

Oracle Stock Performance

Shares of Oracle stock opened at $186.08 on Friday. Oracle Co. has a 52 week low of $106.51 and a 52 week high of $198.31. The firm has a fifty day moving average of $174.43 and a two-hundred day moving average of $162.05. 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 stock has a market capitalization of $520.44 billion, a price-to-earnings ratio of 45.50, a PEG ratio of 3.62 and a beta of 1.06.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share 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 the consensus estimate of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.34 EPS. As a group, equities research analysts predict that Oracle Co. will post 5.01 EPS for the current year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio is presently 39.12%.

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.