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

B. Riley Wealth Advisors Inc. lessened its stake in shares of Oracle Co. (NYSE:ORCL) by 5.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 49,428 shares of the enterprise software provider’s stock after selling 3,038 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Oracle were worth $6,979,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in ORCL. Westend Capital Management LLC purchased a new stake in Oracle in the first quarter worth $25,000. Fairway Wealth LLC purchased a new stake in Oracle in the second quarter worth $27,000. Frank Rimerman Advisors LLC purchased a new stake in Oracle in the fourth quarter worth $30,000. POM Investment Strategies LLC purchased a new stake in Oracle in the second quarter worth $30,000. Finally, Bbjs Financial Advisors LLC purchased a new position in Oracle during the second quarter valued at $35,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Trading Up 1.0 %

Shares of NYSE:ORCL opened at $170.39 on Tuesday. The stock has a market capitalization of $472.15 billion, a price-to-earnings ratio of 45.93, a PEG ratio of 3.05 and a beta of 1.01. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. The stock’s 50-day simple moving average is $145.57 and its two-hundred day simple moving average is $134.11. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $173.99.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.06. The business had revenue of $13.31 billion for the quarter, compared to analysts’ expectations of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period last year, the firm posted $0.95 earnings per share. Analysts expect that Oracle Co. will post 5.01 EPS for the current year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.94%. Oracle’s payout ratio is currently 43.13%.

Insider Activity

In other news, insider Edward Screven sold 426,861 shares of Oracle stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $141.91, for a total transaction of $60,575,844.51. Following the transaction, the insider now directly owns 2,626,764 shares of the company’s stock, valued at approximately $372,764,079.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, insider Edward Screven sold 426,861 shares of Oracle stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $141.91, for a total transaction of $60,575,844.51. Following the transaction, the insider now directly owns 2,626,764 shares of the company’s stock, valued at approximately $372,764,079.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of Oracle stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $143.69, for a total value of $161,651,250.00. Following the transaction, the chairman now directly owns 1,145,732,353 shares in the company, valued at $164,630,281,802.57. The disclosure for this sale can be found here. Insiders have sold a total of 1,573,181 shares of company stock valued at $225,338,245 in the last ninety days. Corporate insiders own 42.80% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. Barclays raised their price objective on Oracle from $160.00 to $172.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. Piper Sandler raised their price objective on Oracle from $150.00 to $175.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. Mizuho raised their price objective on Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Bank of America raised their price objective on Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. Finally, UBS Group raised their price target on Oracle from $160.00 to $175.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Ten investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $167.42.

Oracle 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.