Beacon Financial Advisory LLC Sells 135 Shares of Oracle Co. (NYSE:ORCL)

Beacon Financial Advisory LLC trimmed its stake in Oracle Co. (NYSE:ORCL) by 3.0% during the 3rd quarter, Holdings Channel reports. The firm owned 4,292 shares of the enterprise software provider’s stock after selling 135 shares during the quarter. Beacon Financial Advisory LLC’s holdings in Oracle were worth $731,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in ORCL. Vanguard Group Inc. increased its stake in Oracle by 1.0% in the first quarter. Vanguard Group Inc. now owns 151,213,890 shares of the enterprise software provider’s stock valued at $18,993,977,000 after acquiring an additional 1,514,569 shares during the last quarter. Capital World Investors increased its position in shares of Oracle by 0.4% during the 1st quarter. Capital World Investors now owns 18,466,713 shares of the enterprise software provider’s stock valued at $2,319,604,000 after purchasing an additional 82,551 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Oracle by 2.3% during the 2nd quarter. Legal & General Group Plc now owns 13,242,340 shares of the enterprise software provider’s stock valued at $1,869,816,000 after buying an additional 296,866 shares in the last quarter. Janus Henderson Group PLC lifted its position in Oracle by 148.8% in the 1st quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock worth $1,616,855,000 after buying an additional 7,699,141 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Oracle by 6.2% in the second quarter. Dimensional Fund Advisors LP now owns 7,318,962 shares of the enterprise software provider’s stock worth $1,033,430,000 after buying an additional 424,500 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Oracle Price Performance

Shares of ORCL opened at $171.82 on Wednesday. The firm’s 50-day simple moving average is $164.71 and its two-hundred day simple moving average is $143.02. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $178.61. The stock has a market cap of $476.12 billion, a PE ratio of 44.28, a price-to-earnings-growth ratio of 3.13 and a beta of 1.02. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The business had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. During the same quarter in the previous year, the business earned $0.95 earnings per share. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. Analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were issued a $0.40 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.93%. Oracle’s dividend payout ratio (DPR) is presently 41.24%.

Wall Street Analyst Weigh In

ORCL has been the subject of a number of recent research reports. Bank of America boosted their price objective on shares of Oracle from $155.00 to $175.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. DA Davidson upped their price target on shares of Oracle from $105.00 to $140.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. Jefferies Financial Group lifted their price objective on Oracle from $170.00 to $190.00 and gave the stock a “buy” rating in a report on Monday, September 16th. Sanford C. Bernstein increased their target price on Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a report on Monday, September 30th. Finally, JPMorgan Chase & Co. lifted their price target on Oracle from $110.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. Eleven analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat, Oracle presently has an average rating of “Moderate Buy” and an average target price of $168.52.

Insider Transactions at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the transaction, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 42.20% of the company’s stock.

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.