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

Exencial Wealth Advisors LLC reduced its stake in shares of Oracle Co. (NYSE:ORCLGet Rating) by 23.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 149,250 shares of the enterprise software provider’s stock after selling 45,754 shares during the period. Exencial Wealth Advisors LLC’s holdings in Oracle were worth $13,016,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Bellwether Advisors LLC boosted its position in shares of Oracle by 115.6% in the 3rd quarter. Bellwether Advisors LLC now owns 291 shares of the enterprise software provider’s stock worth $25,000 after buying an additional 156 shares in the last quarter. Level Financial Advisors Inc. purchased a new stake in shares of Oracle in the 4th quarter worth about $28,000. Evolution Advisers Inc. purchased a new stake in shares of Oracle in the 4th quarter worth about $33,000. Outfitter Financial LLC purchased a new stake in shares of Oracle in the 4th quarter worth about $43,000. Finally, PSI Advisors LLC purchased a new stake in shares of Oracle in the 3rd quarter worth about $44,000. Institutional investors own 42.33% of the company’s stock.

ORCL has been the topic of a number of recent research reports. BNP Paribas lowered shares of Oracle from a “neutral” rating to an “underperform” rating and set a $79.00 target price on the stock. in a report on Tuesday, March 29th. Bank of America dropped their price objective on shares of Oracle from $105.00 to $90.00 and set a “neutral” rating for the company in a research note on Friday, March 11th. Deutsche Bank Aktiengesellschaft set a $110.00 price objective on shares of Oracle in a research note on Wednesday, March 9th. Societe Generale raised shares of Oracle from a “hold” rating to a “buy” rating in a research note on Friday, March 11th. Finally, Credit Suisse Group set a $115.00 price objective on shares of Oracle in a research note on Friday, March 11th. Three equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $93.09.

ORCL traded up $0.44 during trading hours on Friday, hitting $71.17. 6,700,124 shares of the stock were exchanged, compared to its average volume of 6,576,138. The stock has a 50-day simple moving average of $78.25 and a 200-day simple moving average of $84.37. Oracle Co. has a 12 month low of $68.97 and a 12 month high of $106.34. The stock has a market cap of $189.89 billion, a price-to-earnings ratio of 27.27, a price-to-earnings-growth ratio of 2.22 and a beta of 0.87.

Oracle (NYSE:ORCLGet Rating) last announced its quarterly earnings data on Thursday, March 10th. The enterprise software provider reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.06). Oracle had a negative return on equity of 383.80% and a net margin of 18.08%. The firm had revenue of $10.51 billion for the quarter, compared to the consensus estimate of $10.51 billion. During the same quarter last year, the business earned $1.03 earnings per share. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Oracle Co. will post 4.01 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, April 21st. Shareholders of record on Friday, April 8th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend was Thursday, April 7th. Oracle’s dividend payout ratio is presently 49.04%.

In other Oracle news, Director Renee Jo James sold 6,000 shares of the stock in a transaction on Monday, April 4th. The stock was sold at an average price of $84.11, for a total value of $504,660.00. Following the sale, the director now directly owns 41,886 shares of the company’s stock, valued at $3,523,031.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 39.10% of the stock is owned by company insiders.

Oracle Company Profile (Get Rating)

Oracle Corporation provides 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 Fusion cloud advertising and customer experience, and NetSuite applications suite.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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