Regent Peak Wealth Advisors LLC Decreases Stake in Oracle Co. (NYSE:ORCL)

Regent Peak Wealth Advisors LLC decreased its position in Oracle Co. (NYSE:ORCL) by 56.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 9,434 shares of the enterprise software provider’s stock after selling 12,202 shares during the period. Regent Peak Wealth Advisors LLC’s holdings in Oracle were worth $1,572,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in ORCL. Fairway Wealth LLC purchased a new stake in Oracle in the 2nd quarter worth approximately $27,000. Quest Partners LLC purchased a new stake in Oracle in the second quarter worth $40,000. Reston Wealth Management LLC bought a new stake in Oracle in the third quarter valued at $44,000. Avondale Wealth Management purchased a new position in Oracle during the 3rd quarter valued at $51,000. Finally, Friedenthal Financial purchased a new stake in shares of Oracle in the 3rd quarter worth about $51,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Stock Down 1.7 %

Shares of Oracle stock traded down $2.76 during trading on Tuesday, hitting $162.93. 3,061,251 shares of the stock traded hands, compared to its average volume of 5,220,297. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 5.65. The stock’s fifty day simple moving average is $178.48 and its 200 day simple moving average is $160.45. The firm has a market cap of $455.71 billion, a P/E ratio of 39.84, a price-to-earnings-growth ratio of 3.39 and a beta of 1.06. Oracle Co. has a 52-week low of $102.13 and a 52-week high of $198.31.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $14.12 billion. During the same period last year, the business posted $1.34 EPS. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, equities analysts predict that Oracle Co. will post 5.03 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.60 annualized dividend and a yield of 0.98%. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

Analysts Set New Price Targets

ORCL has been the subject of several recent research reports. BMO Capital Markets raised their price objective on Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a research report on Tuesday, December 10th. KeyCorp boosted their price objective on shares of Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Barclays upped their target price on shares of Oracle from $160.00 to $172.00 and gave the company an “overweight” rating in a research note on Tuesday, September 10th. Evercore ISI boosted their price objective on shares of Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Finally, StockNews.com cut shares of Oracle from a “buy” rating to a “hold” rating in a report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and an average price target of $181.48.

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.