TrinityPoint Wealth LLC Has $1.23 Million Stake in Oracle Co. (NYSE:ORCL)

TrinityPoint Wealth LLC decreased its stake in shares of Oracle Co. (NYSE:ORCL) by 1.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 7,355 shares of the enterprise software provider’s stock after selling 86 shares during the period. TrinityPoint Wealth LLC’s holdings in Oracle were worth $1,226,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ORCL. R Squared Ltd acquired a new stake in Oracle in the 4th quarter valued at approximately $25,000. Hurley Capital LLC bought a new stake in shares of Oracle in the 4th quarter worth approximately $33,000. Synergy Investment Management LLC bought a new stake in shares of Oracle in the 4th quarter worth approximately $34,000. TFC Financial Management Inc. lifted its position in shares of Oracle by 129.0% in the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock worth $35,000 after acquiring an additional 120 shares during the period. Finally, Synergy Asset Management LLC bought a new stake in shares of Oracle in the 4th quarter worth approximately $47,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Up 0.6%

NYSE ORCL opened at $160.31 on Friday. The stock has a fifty day moving average of $142.91 and a 200-day moving average of $162.49. The stock has a market capitalization of $448.39 billion, a P/E ratio of 39.20, a price-to-earnings-growth ratio of 3.46 and a beta of 1.27. Oracle Co. has a 52 week low of $114.55 and a 52 week high of $198.31. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81.

Oracle (NYSE:ORCL) last released its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.02). The firm had revenue of $14.13 billion during the quarter, compared to analyst estimates of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period last year, the business posted $1.41 earnings per share. On average, equities research analysts forecast that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th were paid a $0.50 dividend. This is a boost from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a dividend yield of 1.25%. The ex-dividend date was Thursday, April 10th. Oracle’s dividend payout ratio (DPR) is 46.95%.

Insider Activity

In related news, Director Leon E. Panetta sold 17,500 shares of Oracle stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the completion of the sale, the director now directly owns 58,090 shares of the company’s stock, valued at $8,785,531.60. The trade was a 23.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Naomi O. Seligman sold 2,000 shares of Oracle stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total value of $291,620.00. Following the sale, the director now directly owns 34,630 shares of the company’s stock, valued at approximately $5,049,400.30. This trade represents a 5.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,366 shares of company stock valued at $4,015,723. Company insiders own 42.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Monness Crespi & Hardt upgraded Oracle from a “sell” rating to a “neutral” rating in a research report on Monday, March 3rd. KeyCorp reiterated an “overweight” rating and issued a $200.00 price objective on shares of Oracle in a research report on Tuesday, March 11th. BMO Capital Markets cut their target price on Oracle from $205.00 to $175.00 and set a “market perform” rating for the company in a research report on Tuesday, March 11th. Royal Bank of Canada set a $145.00 target price on Oracle and gave the stock a “sector perform” rating in a research report on Tuesday, March 11th. Finally, Stephens began coverage on Oracle in a research report on Wednesday, March 19th. They set an “equal weight” rating and a $167.00 target price for the company. Fourteen analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $174.42.

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.