Cyndeo Wealth Partners LLC Cuts Position in Oracle Co. (NYSE:ORCL)

Cyndeo Wealth Partners LLC decreased its position in Oracle Co. (NYSE:ORCL) by 4.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 73,126 shares of the enterprise software provider’s stock after selling 3,043 shares during the quarter. Oracle accounts for approximately 0.9% of Cyndeo Wealth Partners LLC’s portfolio, making the stock its 28th largest position. Cyndeo Wealth Partners LLC’s holdings in Oracle were worth $12,461,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ORCL. Vanguard Group Inc. grew its stake in shares of Oracle by 1.0% in the first quarter. Vanguard Group Inc. now owns 151,213,890 shares of the enterprise software provider’s stock worth $18,993,977,000 after acquiring an additional 1,514,569 shares in the last quarter. Capital World Investors grew its stake in shares of Oracle by 0.4% in the first quarter. Capital World Investors now owns 18,466,713 shares of the enterprise software provider’s stock worth $2,319,604,000 after acquiring an additional 82,551 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Oracle by 2.3% in the second quarter. Legal & General Group Plc now owns 13,242,340 shares of the enterprise software provider’s stock worth $1,869,816,000 after acquiring an additional 296,866 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Oracle by 148.8% in the first quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock worth $1,616,855,000 after acquiring an additional 7,699,141 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Oracle by 6.2% in the second quarter. Dimensional Fund Advisors LP now owns 7,318,962 shares of the enterprise software provider’s stock worth $1,033,430,000 after acquiring an additional 424,500 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on ORCL. Piper Sandler boosted their price target on shares of Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. TD Cowen boosted their target price on shares of Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Citigroup boosted their target price on shares of Oracle from $140.00 to $157.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 11th. Evercore ISI boosted their target price on shares of Oracle from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Finally, Sanford C. Bernstein boosted their target price on shares of Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. Ten analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $168.67.

Insider Buying and Selling

In other Oracle news, EVP Maria Smith sold 6,320 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the transaction, the executive vice president now directly owns 42,889 shares of the company’s stock, 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 filing with the SEC, which is accessible through the SEC website. 42.20% of the stock is currently owned by corporate insiders.

Oracle Trading Down 0.6 %

NYSE ORCL opened at $174.69 on Friday. The stock has a market capitalization of $484.08 billion, a P/E ratio of 45.02, a P/E/G ratio of 3.25 and a beta of 1.01. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $178.61. The firm has a 50-day moving average price of $156.29 and a 200 day moving average price of $138.59. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.06. The firm had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.95 earnings per share. Equities research analysts expect that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be issued a dividend of $0.40 per share. The ex-dividend date is Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.92%. Oracle’s dividend payout ratio is currently 41.24%.

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.