B. Riley Wealth Advisors Inc. Trims Stake in Oracle Co. (NYSE:ORCL)

B. Riley Wealth Advisors Inc. lowered its position in shares of Oracle Co. (NYSE:ORCL - Free Report) by 4.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,867 shares of the enterprise software provider's stock after selling 2,117 shares during the period. B. Riley Wealth Advisors Inc.'s holdings in Oracle were worth $7,310,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in ORCL. Armis Advisers LLC purchased a new position in Oracle in the 4th quarter worth about $463,000. Integrated Advisors Network LLC grew its stake in shares of Oracle by 3.1% in the fourth quarter. Integrated Advisors Network LLC now owns 44,445 shares of the enterprise software provider's stock worth $7,406,000 after acquiring an additional 1,344 shares during the period. Wilkins Miller Wealth Management LLC bought a new stake in shares of Oracle in the fourth quarter worth approximately $448,000. Hall Capital Management Co. Inc. bought a new stake in Oracle in the 4th quarter worth approximately $2,086,000. Finally, Liberty Square Wealth Partners LLC bought a new stake in shares of Oracle in the fourth quarter worth $250,000. Institutional investors own 42.44% of the company's stock.

Analyst Ratings Changes

ORCL has been the subject of a number of recent research reports. Bank of America cut their price target on Oracle from $195.00 to $175.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th. KeyCorp restated an "overweight" rating and set a $200.00 target price on shares of Oracle in a research report on Tuesday, March 11th. DA Davidson cut their price objective on shares of Oracle from $150.00 to $140.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Mizuho cut their price objective on shares of Oracle from $210.00 to $180.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Finally, Royal Bank of Canada set a $145.00 price target on Oracle and gave the company a "sector perform" rating in a report on Tuesday, March 11th. Fourteen analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $174.42.

Oracle Price Performance

Shares of NYSE:ORCL traded up $2.06 during midday trading on Wednesday, reaching $163.97. 8,077,633 shares of the company were exchanged, compared to its average volume of 9,494,029. The business's fifty day moving average is $143.94 and its two-hundred day moving average is $161.60. Oracle Co. has a one year low of $114.55 and a one year high of $198.31. The stock has a market cap of $458.62 billion, a PE ratio of 40.09, a price-to-earnings-growth ratio of 3.46 and a beta of 1.27. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly 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 company had revenue of $14.13 billion during the quarter, compared to analysts' expectations of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company's revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.41 EPS. As a group, analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th were paid a dividend of $0.50 per share. The ex-dividend date was Thursday, April 10th. This is a boost from Oracle's previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.22%. Oracle's payout ratio is currently 46.95%.

Insider Buying and Selling

In related news, Director Naomi O. Seligman sold 2,866 shares of the business's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $149.53, for a total transaction of $428,552.98. Following the completion of the transaction, the director now owns 31,764 shares in the company, valued at $4,749,670.92. The trade was a 8.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Leon E. Panetta sold 17,500 shares of the business's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the sale, the director now directly owns 58,090 shares of the company's stock, valued at $8,785,531.60. This represents a 23.15% 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.

Oracle Company 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.