Nations Financial Group Inc. IA ADV Cuts Holdings in Oracle Co. (NYSE:ORCL)

Nations Financial Group Inc. IA ADV decreased its position in Oracle Co. (NYSE:ORCL - Free Report) by 40.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,186 shares of the enterprise software provider's stock after selling 18,656 shares during the period. Nations Financial Group Inc. IA ADV's holdings in Oracle were worth $3,415,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Westend Capital Management LLC bought a new stake in shares of Oracle in the 1st quarter worth approximately $25,000. Orion Capital Management LLC bought a new stake in shares of Oracle in the third quarter valued at $25,000. Ritter Daniher Financial Advisory LLC DE lifted its position in shares of Oracle by 298.4% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider's stock valued at $26,000 after buying an additional 182 shares during the last quarter. Spartan Planning & Wealth Management bought a new position in shares of Oracle during the 3rd quarter worth $27,000. Finally, Tidemark LLC purchased a new stake in Oracle in the 4th quarter worth about $29,000. Institutional investors own 42.44% of the company's stock.

Oracle Price Performance

Shares of Oracle stock traded up $0.84 during trading on Friday, hitting $115.80. 4,484,976 shares of the stock traded hands, compared to its average volume of 6,128,065. The firm's fifty day moving average is $119.91 and its 200-day moving average is $113.32. The stock has a market cap of $318.28 billion, a price-to-earnings ratio of 30.55, a PEG ratio of 2.31 and a beta of 1.03. Oracle Co. has a 52 week low of $94.41 and a 52 week high of $132.77. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings results on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, topping the consensus estimate of $1.37 by $0.04. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The firm had revenue of $13.28 billion for the quarter, compared to the consensus estimate of $13.29 billion. During the same period last year, the firm posted $0.96 earnings per share. The business's revenue was up 7.1% compared to the same quarter last year. Research analysts expect that Oracle Co. will post 4.44 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th were paid a dividend of $0.40 per share. The ex-dividend date was Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.38%. Oracle's dividend payout ratio (DPR) is currently 42.22%.

Analyst Ratings Changes

ORCL has been the subject of a number of research reports. William Blair upgraded shares of Oracle from a "market perform" rating to an "outperform" rating in a research report on Tuesday, March 12th. HSBC lifted their price objective on shares of Oracle from $144.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, March 13th. StockNews.com downgraded Oracle from a "buy" rating to a "hold" rating in a research report on Wednesday. KeyCorp initiated coverage on Oracle in a research report on Thursday, March 21st. They issued an "overweight" rating and a $150.00 price target for the company. Finally, Argus raised Oracle from a "hold" rating to a "buy" rating in a report on Thursday, March 14th. Eleven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat.com, Oracle currently has an average rating of "Moderate Buy" and an average target price of $130.76.

Insider Transactions at Oracle

In other news, Director George H. Conrades sold 25,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total transaction of $2,903,250.00. Following the completion of the sale, the director now owns 17,836 shares of the company's stock, valued at $2,071,294.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Oracle news, CEO Safra Catz sold 790,000 shares of the stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total value of $99,966,600.00. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director George H. Conrades sold 25,000 shares of Oracle stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total value of $2,903,250.00. Following the completion of the sale, the director now owns 17,836 shares in the company, valued at $2,071,294.68. The disclosure for this sale can be found here. Company insiders own 42.80% 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.

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