Eads & Heald Wealth Management Cuts Stake in Oracle Co. (ORCL)

Eads & Heald Wealth Management lowered its position in shares of Oracle Co. (NYSE:ORCL) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,450 shares of the enterprise software provider’s stock after selling 392 shares during the period. Eads & Heald Wealth Management’s holdings in Oracle were worth $1,826,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. First Merchants Corp increased its stake in shares of Oracle by 2.2% during the fourth quarter. First Merchants Corp now owns 108,898 shares of the enterprise software provider’s stock valued at $4,917,000 after buying an additional 2,352 shares during the period. Monte Financial Group LLC grew its stake in Oracle by 24.4% in the fourth quarter. Monte Financial Group LLC now owns 7,793 shares of the enterprise software provider’s stock valued at $352,000 after purchasing an additional 1,529 shares during the last quarter. Nwam LLC grew its stake in Oracle by 4.7% in the fourth quarter. Nwam LLC now owns 12,089 shares of the enterprise software provider’s stock valued at $546,000 after purchasing an additional 543 shares during the last quarter. Carnick & Kubik Group LLC purchased a new position in Oracle in the fourth quarter valued at about $2,450,000. Finally, Mondrian Capital Management LLC purchased a new position in Oracle in the fourth quarter valued at about $45,000. Hedge funds and other institutional investors own 51.07% of the company’s stock.

Shares of ORCL stock opened at $51.42 on Thursday. Oracle Co. has a fifty-two week low of $42.40 and a fifty-two week high of $53.48. The stock has a market cap of $212.03 billion, a PE ratio of 18.23, a price-to-earnings-growth ratio of 1.70 and a beta of 1.09. The company has a debt-to-equity ratio of 1.66, a quick ratio of 2.80 and a current ratio of 2.80.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, December 17th. The enterprise software provider reported $0.80 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.10. Oracle had a return on equity of 29.93% and a net margin of 10.01%. The business had revenue of $9.57 billion for the quarter, compared to analyst estimates of $9.52 billion. During the same quarter in the previous year, the firm earned $0.70 earnings per share. The company’s revenue was down .3% on a year-over-year basis. Sell-side analysts predict that Oracle Co. will post 3.07 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 30th. Stockholders of record on Wednesday, January 16th were paid a dividend of $0.19 per share. The ex-dividend date was Tuesday, January 15th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.48%. Oracle’s payout ratio is 26.95%.

In related news, EVP Dorian Daley sold 6,302 shares of Oracle stock in a transaction dated Monday, December 24th. The stock was sold at an average price of $43.24, for a total transaction of $272,498.48. Following the completion of the sale, the executive vice president now owns 77,919 shares of the company’s stock, valued at $3,369,217.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of Oracle stock in a transaction dated Tuesday, January 15th. The stock was sold at an average price of $48.20, for a total value of $180,750.00. Following the sale, the director now directly owns 27,969 shares of the company’s stock, valued at approximately $1,348,105.80. The disclosure for this sale can be found here. Insiders have sold 38,802 shares of company stock worth $1,752,323 in the last 90 days. Insiders own 32.00% of the company’s stock.

ORCL has been the topic of several analyst reports. Royal Bank of Canada lifted their target price on Oracle to $55.00 in a research note on Tuesday, December 18th. Goldman Sachs Group reiterated a “buy” rating and issued a $55.00 target price on shares of Oracle in a research note on Monday, December 17th. Nomura set a $53.00 target price on Oracle and gave the company a “buy” rating in a research note on Wednesday, December 12th. Credit Suisse Group reiterated a “buy” rating and issued a $60.00 target price on shares of Oracle in a research note on Wednesday, October 24th. Finally, Sanford C. Bernstein reiterated a “buy” rating and issued a $57.00 target price on shares of Oracle in a research note on Tuesday, December 18th. One analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and eleven have assigned a buy rating to the stock. Oracle has a consensus rating of “Hold” and a consensus target price of $52.56.

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Oracle Profile

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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