B. Riley Wealth Advisors Inc. Reduces Position in Oracle Co. (NYSE:ORCL)

B. Riley Wealth Advisors Inc. reduced its position in Oracle Co. (NYSE:ORCL - Free Report) by 4.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,867 shares of the enterprise software provider's stock after selling 2,117 shares during the quarter. B. Riley Wealth Advisors Inc.'s holdings in Oracle were worth $7,310,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new position in shares of Oracle during the fourth quarter worth approximately $25,000. Sunbeam Capital Management LLC purchased a new position in shares of Oracle during the fourth quarter worth approximately $30,000. Hurley Capital LLC bought a new position in shares of Oracle during the fourth quarter valued at approximately $33,000. Synergy Investment Management LLC bought a new position in shares of Oracle during the fourth quarter valued at approximately $34,000. Finally, TFC Financial Management Inc. boosted its stake in shares of Oracle by 129.0% during the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider's stock valued at $35,000 after purchasing an additional 120 shares in the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Oracle Trading Up 3.8%

Shares of ORCL stock traded up $5.87 during trading hours on Tuesday, hitting $161.84. The company had a trading volume of 6,969,407 shares, compared to its average volume of 9,499,682. The company's fifty day moving average is $143.76 and its 200 day moving average is $161.60. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. Oracle Co. has a fifty-two week low of $114.55 and a fifty-two week high of $198.31. The stock has a market capitalization of $452.66 billion, a PE ratio of 39.57, a price-to-earnings-growth ratio of 3.46 and a beta of 1.27.

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

Oracle Increases Dividend

The firm also recently announced 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. This is an increase from Oracle's previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a yield of 1.24%. The ex-dividend date was Thursday, April 10th. Oracle's dividend payout ratio is presently 46.95%.

Wall Street Analyst Weigh In

ORCL has been the topic of a number of recent research reports. Evercore ISI dropped their price objective on shares of Oracle from $200.00 to $185.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 11th. Monness Crespi & Hardt upgraded shares of Oracle from a "sell" rating to a "neutral" rating in a research note on Monday, March 3rd. Piper Sandler restated a "neutral" rating and issued a $130.00 target price (down from $190.00) on shares of Oracle in a research note on Wednesday, April 23rd. Cantor Fitzgerald lowered their target price on shares of Oracle from $214.00 to $175.00 and set an "overweight" rating for the company in a research note on Tuesday, March 11th. Finally, Citigroup lowered their target price on shares of Oracle from $194.00 to $160.00 and set a "neutral" rating for the company in a research note on Wednesday, March 12th. Fourteen analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from 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.