Capital Investment Advisors LLC Has $11.85 Million Position in Oracle Co. (NYSE:ORCL)

Capital Investment Advisors LLC cut its holdings in shares of Oracle Co. (NYSE:ORCL) by 8.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 69,528 shares of the enterprise software provider’s stock after selling 6,344 shares during the period. Capital Investment Advisors LLC’s holdings in Oracle were worth $11,848,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in ORCL. Westend Capital Management LLC acquired a new stake in Oracle during the 1st quarter worth approximately $25,000. Fairway Wealth LLC acquired a new stake in Oracle during the 2nd quarter worth approximately $27,000. POM Investment Strategies LLC acquired a new stake in Oracle during the 2nd quarter worth approximately $30,000. Bbjs Financial Advisors LLC acquired a new stake in Oracle during the 2nd quarter worth approximately $35,000. Finally, Alaska Permanent Fund Corp acquired a new stake in Oracle during the 1st quarter worth approximately $36,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other 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 sale, the executive vice president now owns 42,889 shares in the company, valued at $7,076,685. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 42.20% of the stock is currently owned by corporate insiders.

Oracle Stock Down 0.5 %

Oracle stock opened at $174.72 on Friday. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $178.61. The firm has a market capitalization of $484.16 billion, a price-to-earnings ratio of 45.03, a price-to-earnings-growth ratio of 3.25 and a beta of 1.01. The firm’s fifty day moving average price is $156.29 and its two-hundred day moving average price is $138.49. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68.

Oracle (NYSE:ORCL) last announced its 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. The company had revenue of $13.31 billion during the quarter, compared to the consensus estimate 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 quarter in the prior year, the company posted $0.95 earnings per share. On average, equities research analysts predict that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Guggenheim lifted their target price on shares of Oracle from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. UBS Group restated a “market outperform” rating on shares of Oracle in a research report on Friday. StockNews.com upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research report on Tuesday, September 10th. Jefferies Financial Group boosted their price target on shares of Oracle from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. Finally, BMO Capital Markets boosted their price target on shares of Oracle from $160.00 to $173.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 10th. Ten equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $168.67.

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.