Oracle Co. (NYSE:ORCL) Shares Sold by Three Bridge Wealth Advisors LLC

Three Bridge Wealth Advisors LLC cut its position in Oracle Co. (NYSE:ORCL) by 7.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,745 shares of the enterprise software provider’s stock after selling 1,446 shares during the quarter. Oracle makes up 1.0% of Three Bridge Wealth Advisors LLC’s investment portfolio, making the stock its 22nd biggest holding. Three Bridge Wealth Advisors LLC’s holdings in Oracle were worth $2,790,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its stake in shares of Oracle by 5.3% during the third quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock worth $411,748,000 after buying an additional 121,874 shares during the period. RMR Wealth Builders raised its stake in Oracle by 383.4% during the 4th quarter. RMR Wealth Builders now owns 7,155 shares of the enterprise software provider’s stock valued at $1,192,000 after acquiring an additional 5,675 shares during the last quarter. Foundations Investment Advisors LLC lifted its position in Oracle by 24.8% during the 4th quarter. Foundations Investment Advisors LLC now owns 164,593 shares of the enterprise software provider’s stock worth $27,428,000 after acquiring an additional 32,718 shares during the period. Crews Bank & Trust purchased a new position in shares of Oracle in the 4th quarter valued at approximately $1,800,000. Finally, Chase Investment Counsel Corp acquired a new position in shares of Oracle in the third quarter valued at approximately $4,160,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Price Performance

NYSE:ORCL opened at $172.30 on Thursday. Oracle Co. has a 12-month low of $106.51 and a 12-month high of $198.31. The firm has a market cap of $481.92 billion, a price-to-earnings ratio of 42.13, a price-to-earnings-growth ratio of 3.39 and a beta of 1.05. The company’s 50-day moving average is $170.25 and its two-hundred day moving average is $165.24. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65.

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

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio is currently 39.12%.

Analysts Set New Price Targets

Several brokerages recently weighed in on ORCL. Morgan Stanley increased their price target on Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 10th. KeyCorp raised their target price 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. JMP Securities reiterated a “market outperform” rating and set a $205.00 price target on shares of Oracle in a research note on Wednesday, January 22nd. Monness Crespi & Hardt downgraded shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price objective for the company. in a research report on Friday, December 20th. Finally, Stifel Nicolaus boosted their target price on Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Oracle has an average rating of “Moderate Buy” and an average price target of $182.73.

Insider Activity

In related news, CEO Safra Catz sold 345,174 shares of the firm’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $185.56, for a total value of $64,050,487.44. Following the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $207,565,931.52. This trade represents a 23.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 42.20% of the company’s stock.

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.