Eads & Heald Wealth Management Sells 1,460 Shares of Oracle Co. (NYSE:ORCL)

Eads & Heald Wealth Management lessened its holdings in Oracle Co. (NYSE:ORCL - Free Report) by 6.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,071 shares of the enterprise software provider's stock after selling 1,460 shares during the period. Oracle accounts for 1.6% of Eads & Heald Wealth Management's holdings, making the stock its 7th biggest position. Eads & Heald Wealth Management's holdings in Oracle were worth $3,345,000 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 grew its position in shares of Oracle by 89.7% in the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider's stock valued at $31,000 after purchasing an additional 87 shares during the last quarter. Reston Wealth Management LLC acquired a new position in Oracle in the 3rd quarter valued at $44,000. Avondale Wealth Management bought a new position in Oracle during the 3rd quarter worth $51,000. Friedenthal Financial acquired a new stake in shares of Oracle during the third quarter worth $51,000. Finally, Activest Wealth Management boosted its position 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 acquiring an additional 56 shares during the period. Institutional investors and hedge funds own 42.44% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on ORCL shares. BNP Paribas raised shares of Oracle to a "strong-buy" rating in a research report on Tuesday, December 10th. Evercore ISI raised their target price on shares of Oracle from $190.00 to $200.00 and gave the stock an "outperform" rating in a report on Tuesday, December 10th. Sanford C. Bernstein boosted their price target on Oracle from $201.00 to $202.00 and gave the company an "outperform" rating in a research note on Monday, September 30th. KeyCorp increased their price target on Oracle from $190.00 to $200.00 and gave the stock an "overweight" rating in a research report on Friday, November 15th. Finally, UBS Group lifted their price objective on Oracle from $200.00 to $210.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $182.73.

Oracle Price Performance

ORCL traded up $11.61 on Wednesday, reaching $184.18. The stock had a trading volume of 47,891,694 shares, compared to its average volume of 13,289,022. The firm has a 50-day moving average of $174.54 and a 200-day moving average of $161.90. 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 capitalization of $515.14 billion, a price-to-earnings ratio of 45.03, a price-to-earnings-growth ratio of 3.16 and a beta of 1.06. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings data 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). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. During the same quarter last year, the business earned $1.34 EPS. The firm's quarterly revenue was up 8.6% compared to the same quarter last year. As a group, sell-side analysts anticipate 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. Investors of record on Thursday, January 23rd were paid a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.87%. Oracle's dividend payout ratio is 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.