Regent Peak Wealth Advisors LLC Reduces Stake in Oracle Corporation

Regent Peak Wealth Advisors LLC has significantly reduced its shareholding in Oracle Corporation (NYSE: ORCL - Free Report) by 56.4% during the fourth quarter, as detailed in its latest filing with the Securities and Exchange Commission (SEC). After selling 12,202 shares, the institutional investor now owns a total of 9,434 shares in the enterprise software provider. As of the end of the reporting period, these holdings amounted to approximately $1,572,000.

Several other hedge funds have also modified their positions in Oracle. Fairway Wealth LLC acquired a new stake valued at around $27,000 in the second quarter. Similarly, Reston Wealth Management LLC purchased shares worth approximately $44,000 in the third quarter, while Quest Partners LLC added a new position worth about $40,000 during the same period. Avondale Wealth Management and Friedenthal Financial both took new positions in Oracle in the third quarter, each with a valuation of $51,000. Currently, institutional investors hold about 42.44% of Oracle's stock.

Performance of Oracle's Stock

On Tuesday, Oracle's stock, identified by the ticker ORCL, saw a decrease of $2.76, bringing its trading value to $162.93. The trading volume reached 3,061,251 shares, which is lower than the average volume of 5,220,297 shares. The company's fifty-day simple moving average stands at $178.48, whereas the 200-day simple moving average is at $160.45. Oracle has a market capitalization of $455.71 billion, a price-to-earnings (PE) ratio of 39.84, a price-to-earnings growth (PEG) ratio of 3.39, and a beta of 1.06. The firm has recorded a twelve-month low of $102.13 and a high of $198.31. Additionally, Oracle has a current ratio of 0.81, a quick ratio of 0.72, and a debt-to-equity ratio of 5.65.

Oracle's Latest Earnings Report

Oracle recently published its quarterly earnings results on December 9. The reports indicated that the company achieved earnings per share (EPS) of $1.47, slightly below the consensus estimate of $1.48, missing it by $0.01. During the same quarter, Oracle's revenue amounted to $14.06 billion, which also fell short of the consensus estimate of $14.12 billion. The return on equity stood at an impressive 133.25%, and the company reported a net margin of 21.16%. Additionally, revenue for this quarter rose by 8.6% compared to the same quarter last year. In the previous year’s corresponding period, Oracle had reported an EPS of $1.34. Analysts project that Oracle will report an EPS of 5.03 for the current year.

Dividend Information from Oracle

Oracle has announced a quarterly dividend that is scheduled to be paid on January 9. Shareholders who are on the record as of January 23 will receive a dividend of $0.40 per share. This translates to an annualized dividend of $1.60, resulting in a dividend yield of 0.98%. The ex-dividend date is set for January 10. Currently, Oracle’s dividend payout ratio is 39.12%.

Market Analysts’ Outlook for Oracle

The stock has been featured in various research reports recently. JMP Securities has reaffirmed a "market outperform" rating and set a price target of $205.00. Bank of America has raised its price target from $155.00 to $175.00 while maintaining a "neutral" rating. Piper Sandler has adjusted its price objective for Oracle from $185.00 to $210.00, now labeling it as "overweight." Conversely, StockNews.com downgraded Oracle from a "buy" to a "hold" rating. Additionally, JPMorgan Chase & Co. has lifted its price target from $110.00 to $120.00 with a "neutral" assessment. Overall, one analyst has issued a sell rating, eleven a hold rating, seventeen a buy rating, and one a strong buy rating for Oracle. According to MarketBeat, the company holds an average rating of "Moderate Buy" with a consensus target price of $181.48.

About Oracle Corporation

Oracle Corporation specializes in providing products and services designed to cater to enterprise information technology environments globally. Their cloud software as a service offerings encompass a wide range of applications, such as Oracle Fusion cloud enterprise resource planning (ERP), Oracle Cerner healthcare solutions, and applications available through the NetSuite applications suite, along with Oracle Fusion Sales, Service, and Marketing offerings.

Oracle, Investment, Earnings