Oracle Co. (NYSE:ORCL) Stake Cut by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. lessened its stake in Oracle Co. (NYSE:ORCL - Free Report) by 7.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,984 shares of the enterprise software provider's stock after selling 3,444 shares during the quarter. B. Riley Wealth Advisors Inc.'s holdings in Oracle were worth $7,790,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Fairway Wealth LLC acquired a new position in shares of Oracle during the 2nd quarter worth $27,000. POM Investment Strategies LLC purchased a new position in Oracle during the 2nd quarter valued at about $30,000. Reston Wealth Management LLC acquired a new position in Oracle during the third quarter worth about $44,000. Quest Partners LLC purchased a new stake in shares of Oracle in the second quarter valued at about $40,000. Finally, Avondale Wealth Management purchased a new stake in shares of Oracle in the third quarter valued at about $51,000. Institutional investors and hedge funds own 42.44% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. BNP Paribas upgraded Oracle to a "strong-buy" rating in a research report on Tuesday. Mizuho raised their price target on Oracle from $185.00 to $210.00 and gave the stock an "outperform" rating in a research report on Tuesday. Piper Sandler upped their price objective on Oracle from $185.00 to $210.00 and gave the company an "overweight" rating in a research report on Tuesday. Morgan Stanley lifted their price objective on Oracle from $145.00 to $175.00 and gave the stock an "equal weight" rating in a research report on Tuesday. Finally, DA Davidson boosted their target price on shares of Oracle from $140.00 to $150.00 and gave the company a "neutral" rating in a research note on Tuesday. Twelve equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $183.63.

Insider Buying and Selling

In other news, EVP Maria Smith sold 6,320 shares of the business's stock in a transaction dated 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 sale, the executive vice president now owns 42,889 shares of the company's stock, valued at approximately $7,076,685. The trade was a 12.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 42.20% of the company's stock.

Oracle Trading Down 1.1 %

NYSE ORCL traded down $1.93 during mid-day trading on Friday, hitting $173.39. The company's stock had a trading volume of 8,351,106 shares, compared to its average volume of 8,401,477. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.72. The firm has a market capitalization of $484.96 billion, a P/E ratio of 42.39, a price-to-earnings-growth ratio of 3.32 and a beta of 1.03. The stock's fifty day simple moving average is $180.41 and its two-hundred day simple moving average is $155.93. Oracle Co. has a 52-week low of $99.36 and a 52-week high of $198.31.

Oracle (NYSE:ORCL - Get Free Report) last released 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 analysts' expectations of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm's revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.34 EPS. Research analysts expect that Oracle Co. will post 5.17 EPS for the current year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 9th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend is Thursday, January 9th. Oracle's payout ratio is 39.12%.

Oracle 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.