Tritonpoint Wealth LLC Reduces Stake in Oracle Co. (NYSE:ORCL)

Tritonpoint Wealth LLC reduced its position in Oracle Co. (NYSE:ORCL) by 2.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,661 shares of the enterprise software provider’s stock after selling 1,404 shares during the period. Tritonpoint Wealth LLC’s holdings in Oracle were worth $7,776,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Deroy & Devereaux Private Investment Counsel Inc. increased its holdings in shares of Oracle by 1.2% in the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 194,319 shares of the enterprise software provider’s stock worth $32,381,000 after purchasing an additional 2,367 shares during the last quarter. Q3 Asset Management bought a new stake in shares of Oracle in the fourth quarter worth about $2,734,000. Comprehensive Financial Consultants Institutional Inc. increased its holdings in shares of Oracle by 24.9% in the fourth quarter. Comprehensive Financial Consultants Institutional Inc. now owns 4,378 shares of the enterprise software provider’s stock worth $730,000 after purchasing an additional 872 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. increased its stake in Oracle by 4.1% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 47,772 shares of the enterprise software provider’s stock worth $7,961,000 after acquiring an additional 1,886 shares during the last quarter. Finally, Capital Insight Partners LLC increased its stake in Oracle by 0.9% during the fourth quarter. Capital Insight Partners LLC now owns 39,113 shares of the enterprise software provider’s stock worth $6,518,000 after acquiring an additional 352 shares during the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Price Performance

NYSE ORCL opened at $169.91 on Friday. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The stock’s fifty day moving average price is $171.89 and its 200 day moving average price is $163.26. Oracle Co. has a 1 year low of $106.51 and a 1 year high of $198.31. The company has a market cap of $475.24 billion, a price-to-earnings ratio of 41.54, a PEG ratio of 3.19 and a beta of 1.06.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $14.12 billion. During the same period in the previous year, the company posted $1.34 earnings per share. Oracle’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, equities research analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.94%. The ex-dividend date was Friday, January 10th. Oracle’s payout ratio is 39.12%.

Insider Buying and Selling at Oracle

In other news, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $207,331,027.20. This represents a 65.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 42.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. JMP Securities reissued a “market outperform” rating and set a $205.00 price objective on shares of Oracle in a research note on Wednesday, January 22nd. Evercore ISI boosted their target price on Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Morgan Stanley boosted their target price on Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 10th. UBS Group boosted their target price on Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Finally, Stifel Nicolaus boosted their target price on Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently 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.