Adapt Wealth Advisors LLC Trims Position in Oracle Co. (NYSE:ORCL)

Adapt Wealth Advisors LLC trimmed its holdings in Oracle Co. (NYSE:ORCL) by 27.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,861 shares of the enterprise software provider’s stock after selling 695 shares during the period. Adapt Wealth Advisors LLC’s holdings in Oracle were worth $263,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC increased its position in shares of Oracle by 153.3% in the 4th quarter. International Assets Investment Management LLC now owns 11,947 shares of the enterprise software provider’s stock worth $1,260,000 after purchasing an additional 7,230 shares during the last quarter. Brio Consultants LLC lifted its stake in Oracle by 4.1% in the fourth quarter. Brio Consultants LLC now owns 2,942 shares of the enterprise software provider’s stock valued at $310,000 after buying an additional 117 shares during the last quarter. Precision Wealth Strategies LLC boosted its holdings in shares of Oracle by 4.1% during the fourth quarter. Precision Wealth Strategies LLC now owns 3,951 shares of the enterprise software provider’s stock valued at $417,000 after acquiring an additional 155 shares during the period. Gilbert & Cook Inc. acquired a new stake in shares of Oracle in the 4th quarter worth about $359,000. Finally, Aveo Capital Partners LLC acquired a new position in Oracle during the 4th quarter valued at about $290,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analyst Ratings Changes

ORCL has been the subject of several analyst reports. KeyCorp boosted their price objective on Oracle from $150.00 to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 12th. Piper Sandler reaffirmed an “overweight” rating and issued a $150.00 price target on shares of Oracle in a research note on Friday, July 12th. BMO Capital Markets raised their price objective on shares of Oracle from $142.00 to $160.00 and gave the company a “market perform” rating in a research note on Monday, June 17th. Evercore ISI increased their price target on Oracle from $145.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. Finally, Guggenheim reissued a “buy” rating and issued a $175.00 price objective on shares of Oracle in a research note on Tuesday, June 25th. Fourteen research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $145.87.

Insider Buying and Selling at Oracle

In other Oracle news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the sale, the chairman now directly owns 1,145,732,353 shares of the company’s stock, valued at $164,630,281,802.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Leon E. Panetta sold 15,000 shares of Oracle stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $137.89, for a total value of $2,068,350.00. Following the completion of the sale, the director now directly owns 58,090 shares of the company’s stock, valued at approximately $8,010,030.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $143.69, for a total value of $161,651,250.00. Following the transaction, the chairman now directly owns 1,145,732,353 shares in the company, valued at approximately $164,630,281,802.57. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,862,500 shares of company stock valued at $266,776,624. 42.80% of the stock is currently owned by company insiders.

Oracle Trading Down 0.6 %

NYSE:ORCL opened at $141.81 on Monday. The company has a quick ratio of 0.72, a current ratio of 0.71 and a debt-to-equity ratio of 8.25. The company’s 50 day moving average is $138.72 and its 200-day moving average is $128.62. The firm has a market cap of $390.81 billion, a price-to-earnings ratio of 38.22, a P/E/G ratio of 2.56 and a beta of 1.01. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $146.59.

Oracle (NYSE:ORCL) last announced its earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). Oracle had a return on equity of 223.01% and a net margin of 19.76%. The company had revenue of $14.29 billion for the quarter, compared to the consensus estimate of $14.57 billion. During the same period last year, the firm posted $1.35 EPS. The company’s revenue was up 3.3% compared to the same quarter last year. Equities analysts anticipate that Oracle Co. will post 5.02 EPS for the current year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, July 11th. This represents a $1.60 annualized dividend and a yield of 1.13%. Oracle’s dividend payout ratio is currently 43.13%.

Oracle 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.