Modera Wealth Management LLC Sells 532 Shares of Oracle Co. (NYSE:ORCL)

Modera Wealth Management LLC decreased its position in shares of Oracle Co. (NYSE:ORCL) by 0.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 100,687 shares of the enterprise software provider’s stock after selling 532 shares during the quarter. Modera Wealth Management LLC’s holdings in Oracle were worth $16,779,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in ORCL. Wealth Group Ltd. bought a new position in shares of Oracle in the third quarter worth about $222,000. Howard Capital Management Group LLC grew its holdings in shares of Oracle by 12.4% during the third quarter. Howard Capital Management Group LLC now owns 8,019 shares of the enterprise software provider’s stock valued at $1,366,000 after buying an additional 883 shares during the last quarter. Financial Advocates Investment Management increased its holdings in shares of Oracle by 16.8% in the third quarter. Financial Advocates Investment Management now owns 6,141 shares of the enterprise software provider’s stock valued at $1,046,000 after purchasing an additional 885 shares during the period. Oak Ridge Investments LLC raised its position in Oracle by 3.9% during the 3rd quarter. Oak Ridge Investments LLC now owns 1,730 shares of the enterprise software provider’s stock worth $295,000 after buying an additional 65 shares during the last quarter. Finally, Stephens Inc. AR lifted its position in Oracle by 53.1% during the third quarter. Stephens Inc. AR now owns 69,686 shares of the enterprise software provider’s stock valued at $11,875,000 after purchasing an additional 24,174 shares during the period. Institutional investors own 42.44% of the company’s stock.

Insider Transactions at Oracle

In related news, CEO Safra Catz sold 2,101,154 shares of the firm’s 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 completion of the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. This trade represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 42.20% of the company’s stock.

Wall Street Analyst Weigh In

ORCL has been the subject of a number of research reports. Morgan Stanley boosted their target price on shares of Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 10th. UBS Group upped 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. Jefferies Financial Group upped their price objective on shares of Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Mizuho boosted their target price on Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Finally, KeyCorp upped their price target on Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, November 15th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $182.73.

Oracle Stock Performance

Shares of NYSE:ORCL opened at $166.09 on Friday. The company’s 50 day moving average price is $168.93 and its two-hundred day moving average price is $168.60. The firm has a market cap of $464.55 billion, a PE ratio of 40.61, a PEG ratio of 3.46 and a beta of 1.05. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a 12-month low of $110.36 and a 12-month high of $198.31.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share 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 firm had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. During the same period last year, the business earned $1.34 EPS. The company’s revenue was up 8.6% compared to the same quarter last year. Equities research analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.96%. Oracle’s dividend payout ratio is currently 39.12%.

Oracle Company 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.