Avior Wealth Management LLC Reduces Holdings in Oracle Co. (NYSE:ORCL)

Avior Wealth Management LLC decreased its position in shares of Oracle Co. (NYSE:ORCL - Free Report) by 10.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,793 shares of the enterprise software provider's stock after selling 6,821 shares during the quarter. Avior Wealth Management LLC's holdings in Oracle were worth $9,631,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Beacon Investment Advisory Services Inc. lifted its holdings in Oracle by 2.3% in the 4th quarter. Beacon Investment Advisory Services Inc. now owns 8,007 shares of the enterprise software provider's stock valued at $1,334,000 after purchasing an additional 177 shares in the last quarter. True North Advisors LLC increased its holdings in shares of Oracle by 7.1% during the 4th quarter. True North Advisors LLC now owns 6,027 shares of the enterprise software provider's stock worth $1,004,000 after buying an additional 402 shares during the last quarter. Traynor Capital Management Inc. increased its holdings in shares of Oracle by 80.5% during the 4th quarter. Traynor Capital Management Inc. now owns 3,445 shares of the enterprise software provider's stock worth $574,000 after buying an additional 1,536 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Oracle by 15.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 408,132 shares of the enterprise software provider's stock worth $68,011,000 after buying an additional 55,161 shares during the last quarter. Finally, Bartlett & CO. Wealth Management LLC increased its holdings in Oracle by 9.6% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 43,865 shares of the enterprise software provider's stock valued at $7,310,000 after purchasing an additional 3,847 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on ORCL shares. Citigroup lifted their target price on shares of Oracle from $157.00 to $194.00 and gave the company a "neutral" rating in a 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 objective for the company. in a report on Friday, December 20th. JMP Securities reissued a "market outperform" rating and issued a $205.00 price target on shares of Oracle in a research report on Wednesday. KeyCorp upped their price objective on Oracle from $190.00 to $200.00 and gave the stock an "overweight" rating in a research report on Friday, November 15th. Finally, BMO Capital Markets lifted their target price on Oracle from $173.00 to $205.00 and gave the company a "market perform" rating in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $182.73.

Oracle Stock Performance

Shares of Oracle stock traded up $1.86 on Thursday, reaching $186.08. 17,209,167 shares of the stock were exchanged, compared to its average volume of 13,586,219. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The firm has a market capitalization of $520.44 billion, a PE ratio of 45.50, a PEG ratio of 3.39 and a beta of 1.06. Oracle Co. has a 1-year low of $106.51 and a 1-year high of $198.31. The business has a fifty day moving average price of $174.43 and a two-hundred day moving average price of $162.05.

Oracle (NYSE:ORCL - Get Free Report) last issued its earnings results 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 return on equity of 133.25% and a net margin of 21.16%. The business had revenue of $14.06 billion for the quarter, compared to analysts' expectations of $14.12 billion. During the same period last year, the company posted $1.34 earnings per share. The business's quarterly revenue was up 8.6% on a year-over-year basis. As a group, research analysts anticipate that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business 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. This represents a $1.60 annualized dividend and a dividend yield of 0.86%. The ex-dividend date was Friday, January 10th. Oracle's dividend payout ratio (DPR) 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.