Arkadios Wealth Advisors Has $2.93 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

Arkadios Wealth Advisors lowered its position in Oracle Co. (NYSE:ORCL - Free Report) by 15.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,568 shares of the enterprise software provider's stock after selling 3,248 shares during the period. Arkadios Wealth Advisors' holdings in Oracle were worth $2,928,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Winch Advisory Services LLC increased its position in shares of Oracle by 89.7% during the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider's stock worth $31,000 after acquiring an additional 87 shares in the last quarter. Reston Wealth Management LLC acquired a new position in Oracle in the 3rd quarter worth $44,000. Avondale Wealth Management bought a new position in Oracle during the 3rd quarter worth about $51,000. Friedenthal Financial acquired a new stake in shares of Oracle in the 3rd quarter valued at about $51,000. Finally, Activest Wealth Management lifted its holdings in shares of Oracle by 21.9% in the third quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider's stock valued at $53,000 after purchasing an additional 56 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

Oracle Price Performance

NYSE:ORCL traded up $1.51 during trading hours on Friday, hitting $161.05. The company's stock had a trading volume of 11,593,649 shares, compared to its average volume of 5,912,798. The company has a market capitalization of $450.44 billion, a P/E ratio of 39.38, a PEG ratio of 3.03 and a beta of 1.06. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. Oracle Co. has a twelve month low of $106.51 and a twelve month high of $198.31. The stock has a fifty day simple moving average of $175.44 and a 200-day simple moving average of $161.46.

Oracle (NYSE:ORCL - Get Free Report) last posted its 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). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. During the same period in the previous year, the firm posted $1.34 EPS. The business's quarterly revenue was up 8.6% compared to the same quarter last year. On average, analysts anticipate that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were paid 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 is 39.12%.

Wall Street Analyst Weigh In

ORCL has been the topic of a number of research reports. Piper Sandler boosted their price objective on shares of Oracle from $185.00 to $210.00 and gave the stock an "overweight" rating in a research report on Tuesday, December 10th. Monness Crespi & Hardt cut shares of Oracle from a "neutral" rating to a "sell" rating and set a $130.00 price target on the stock. in a research report on Friday, December 20th. Evercore ISI raised their price objective on Oracle from $190.00 to $200.00 and gave the company an "outperform" rating in a report on Tuesday, December 10th. Sanford C. Bernstein upped their target price on Oracle from $201.00 to $202.00 and gave the stock an "outperform" rating in a report on Monday, September 30th. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $165.00 price target on shares of Oracle in a research report on Thursday, December 5th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average 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.