Avidian Wealth Enterprises LLC Has $2.16 Million Holdings in Oracle Co. (NYSE:ORCL)

Avidian Wealth Enterprises LLC trimmed its holdings in Oracle Co. (NYSE:ORCL) by 2.1% in the third quarter, Holdings Channel reports. The fund owned 12,698 shares of the enterprise software provider’s stock after selling 277 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Oracle were worth $2,164,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Eagle Rock Investment Company LLC increased its stake in Oracle by 0.4% during the 3rd quarter. Eagle Rock Investment Company LLC now owns 17,626 shares of the enterprise software provider’s stock worth $3,003,000 after purchasing an additional 64 shares in the last quarter. W Advisors LLC increased its position in shares of Oracle by 3.1% during the third quarter. W Advisors LLC now owns 2,158 shares of the enterprise software provider’s stock worth $368,000 after acquiring an additional 64 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of Oracle by 1.7% during the third quarter. Versant Capital Management Inc now owns 3,957 shares of the enterprise software provider’s stock worth $674,000 after acquiring an additional 65 shares during the period. Oak Ridge Investments LLC increased its holdings 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 purchasing an additional 65 shares in the last quarter. Finally, Trust Point Inc. raised its stake in shares of Oracle by 0.5% in the 3rd quarter. Trust Point Inc. now owns 13,606 shares of the enterprise software provider’s stock valued at $2,318,000 after purchasing an additional 66 shares during the period. 42.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ORCL. StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a report on Monday. TD Cowen lifted their price objective on shares of Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Citigroup increased 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. Oppenheimer reissued a “market perform” rating on shares of Oracle in a research report on Tuesday, September 10th. Finally, Mizuho raised their price objective on Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Eleven analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $168.52.

Insider Activity at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of the firm’s 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 transaction, the executive vice president now owns 42,889 shares in the company, valued at $7,076,685. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 42.20% of the stock is currently owned by corporate insiders.

Oracle Stock Performance

ORCL opened at $171.82 on Wednesday. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market capitalization of $476.12 billion, a PE ratio of 44.28, a price-to-earnings-growth ratio of 3.13 and a beta of 1.02. The business has a fifty day simple moving average of $164.71 and a 200 day simple moving average of $143.02. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $178.61.

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

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were issued 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 0.93%. Oracle’s dividend payout ratio is presently 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.