Oracle Co. (NYSE:ORCL) Shares Sold by Institute for Wealth Management LLC.

Institute for Wealth Management LLC. reduced its position in shares of Oracle Co. (NYSE:ORCL) by 4.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,003 shares of the enterprise software provider’s stock after selling 842 shares during the period. Institute for Wealth Management LLC.’s holdings in Oracle were worth $2,109,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Orion Capital Management LLC purchased a new position in Oracle during the third quarter worth about $25,000. Ritter Daniher Financial Advisory LLC DE boosted its stake in Oracle by 298.4% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock worth $26,000 after buying an additional 182 shares during the period. Spartan Planning & Wealth Management purchased a new position in Oracle during the third quarter worth about $27,000. Cornerstone Planning Group LLC boosted its stake in shares of Oracle by 1,268.0% in the third quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock valued at $36,000 after purchasing an additional 317 shares during the period. Finally, BOK Financial Private Wealth Inc. boosted its stake in shares of Oracle by 139.4% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 371 shares of the enterprise software provider’s stock valued at $39,000 after purchasing an additional 216 shares during the period. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ORCL has been the subject of several recent research reports. The Goldman Sachs Group raised their price objective on shares of Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, March 13th. William Blair upgraded shares of Oracle from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 12th. KeyCorp assumed coverage on shares of Oracle in a report on Thursday, March 21st. They set an “overweight” rating and a $150.00 price target for the company. HSBC boosted their price target on shares of Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. Finally, Argus upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. Eleven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $130.76.

Insider Transactions at Oracle

In other news, CEO Safra Catz sold 790,000 shares of the stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 42.80% of the company’s stock.

Oracle Stock Performance

ORCL stock traded down $1.20 on Friday, hitting $114.80. The company’s stock had a trading volume of 5,063,176 shares, compared to its average volume of 8,548,489. The stock has a market cap of $315.53 billion, a price-to-earnings ratio of 30.66, a price-to-earnings-growth ratio of 2.30 and a beta of 1.01. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34. Oracle Co. has a 1 year low of $93.29 and a 1 year high of $132.77. The firm has a 50 day moving average of $119.27 and a two-hundred day moving average of $112.80.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. The company had revenue of $13.28 billion during the quarter, compared to the consensus estimate of $13.29 billion. Oracle had a net margin of 20.27% and a return on equity of 336.11%. Oracle’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.96 EPS. Equities analysts predict that Oracle Co. will post 4.44 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th will be paid a dividend of $0.40 per share. The ex-dividend date is Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.39%. Oracle’s dividend payout ratio (DPR) is presently 42.22%.

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.