Peddock Capital Advisors LLC Sells 258 Shares of Oracle Co. (NYSE:ORCL)

Peddock Capital Advisors LLC trimmed its position in shares of Oracle Co. (NYSE:ORCL) by 8.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,857 shares of the enterprise software provider’s stock after selling 258 shares during the period. Peddock Capital Advisors LLC’s holdings in Oracle were worth $301,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Orion Capital Management LLC bought a new stake in Oracle in the 3rd quarter valued at $25,000. Ritter Daniher Financial Advisory LLC DE lifted its stake in shares of Oracle by 298.4% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock valued at $26,000 after buying an additional 182 shares during the period. Spartan Planning & Wealth Management acquired a new stake in Oracle during the third quarter worth about $27,000. Cornerstone Planning Group LLC increased its stake in Oracle by 1,268.0% during the third quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock valued at $36,000 after acquiring an additional 317 shares during the period. Finally, BOK Financial Private Wealth Inc. raised its holdings in Oracle by 139.4% in the 4th quarter. BOK Financial Private Wealth Inc. now owns 371 shares of the enterprise software provider’s stock valued at $39,000 after acquiring an additional 216 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ORCL. StockNews.com lowered Oracle from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. The Goldman Sachs Group boosted their price target on shares of Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, March 13th. KeyCorp assumed coverage on shares of Oracle in a report on Thursday, March 21st. They set an “overweight” rating and a $150.00 price objective for the company. Oppenheimer initiated coverage on shares of Oracle in a research note on Thursday, April 18th. They issued a “market perform” rating on the stock. Finally, BMO Capital Markets increased their price target on shares of Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a research report on Tuesday, March 12th. Eleven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and an average price target of $130.76.

Oracle Trading Down 0.4 %

Oracle stock traded down $0.45 during mid-day trading on Tuesday, hitting $117.89. The stock had a trading volume of 6,434,951 shares, compared to its average volume of 8,246,625. The stock has a market capitalization of $324.02 billion, a PE ratio of 31.11, a P/E/G ratio of 2.32 and a beta of 1.03. Oracle Co. has a 12 month low of $96.10 and a 12 month high of $132.77. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34. The stock has a 50-day simple moving average of $120.19 and a two-hundred day simple moving average of $113.57.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, topping the consensus estimate of $1.37 by $0.04. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The company had revenue of $13.28 billion during the quarter, compared to analysts’ expectations of $13.29 billion. During the same quarter in the previous year, the company earned $0.96 EPS. Oracle’s revenue was up 7.1% on a year-over-year basis. As a group, sell-side analysts forecast that Oracle Co. will post 4.44 EPS for the current year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were issued a $0.40 dividend. The ex-dividend date was Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a yield of 1.36%. Oracle’s dividend payout ratio is presently 42.22%.

Insider Buying and Selling at Oracle

In related news, CEO Safra Catz sold 790,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at $141,546,631.68. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director George H. Conrades sold 20,000 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $116.00, for a total transaction of $2,320,000.00. Following the completion of the sale, the director now directly owns 17,836 shares of the company’s stock, valued at approximately $2,068,976. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Safra Catz sold 790,000 shares of the stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 835,000 shares of company stock valued at $105,189,850. 42.80% of the stock is currently owned by company insiders.

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.