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

Aletheian Wealth Advisors LLC lessened its holdings in shares of Oracle Co. (NYSE:ORCL - Free Report) by 84.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,637 shares of the enterprise software provider's stock after selling 8,906 shares during the quarter. Aletheian Wealth Advisors LLC's holdings in Oracle were worth $279,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Diversify Advisory Services LLC grew its stake in shares of Oracle by 21.7% during the 3rd quarter. Diversify Advisory Services LLC now owns 21,272 shares of the enterprise software provider's stock worth $3,729,000 after acquiring an additional 3,794 shares in the last quarter. Fortitude Family Office LLC increased its position in Oracle by 39.2% during the third quarter. Fortitude Family Office LLC now owns 888 shares of the enterprise software provider's stock worth $151,000 after buying an additional 250 shares during the last quarter. China Universal Asset Management Co. Ltd. raised its stake in Oracle by 837.7% in the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 23,948 shares of the enterprise software provider's stock valued at $4,081,000 after acquiring an additional 21,394 shares during the period. abrdn plc raised its position in shares of Oracle by 0.6% in the third quarter. abrdn plc now owns 924,397 shares of the enterprise software provider's stock valued at $154,892,000 after purchasing an additional 5,900 shares during the period. Finally, Worth Financial Advisory Group LLC lifted its position in Oracle by 2.0% during the third quarter. Worth Financial Advisory Group LLC now owns 6,141 shares of the enterprise software provider's stock worth $1,046,000 after acquiring an additional 119 shares during the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Oracle

In related news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction on Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the sale, the executive vice president now directly owns 42,889 shares in the company, valued at approximately $7,076,685. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 42.20% of the company's stock.

Oracle Stock Up 0.6 %

ORCL traded up $1.07 during midday trading on Tuesday, reaching $173.49. 4,120,265 shares of the company were exchanged, compared to its average volume of 8,321,330. The company has a market cap of $480.74 billion, a price-to-earnings ratio of 44.70, a price-to-earnings-growth ratio of 3.20 and a beta of 1.01. Oracle Co. has a one year low of $99.26 and a one year high of $178.61. The company's fifty day moving average price is $160.84 and its 200 day moving average price is $140.79. 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 - Get Free Report) last issued its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $13.23 billion. During the same period last year, the business earned $0.95 EPS. The business's revenue was up 6.9% on a year-over-year basis. As a group, analysts expect that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were given a dividend of $0.40 per share. The ex-dividend date was Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.92%. Oracle's dividend payout ratio is currently 41.24%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on ORCL shares. DA Davidson boosted their price target on Oracle from $105.00 to $140.00 and gave the company a "neutral" rating in a research note on Tuesday, September 10th. Sanford C. Bernstein upped their price target on shares of Oracle from $201.00 to $202.00 and gave the company an "outperform" rating in a research note on Monday, September 30th. Royal Bank of Canada started coverage on shares of Oracle in a report on Wednesday, October 23rd. They issued a "sector perform" rating and a $165.00 price objective for the company. Citigroup raised their target price on shares of Oracle from $140.00 to $157.00 and gave the stock a "neutral" rating in a report on Wednesday, September 11th. Finally, Evercore ISI raised their price objective on Oracle from $160.00 to $175.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 10th. Twelve equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company's stock. According to data from MarketBeat, Oracle has an average rating of "Moderate Buy" and an average price target of $168.52.

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.