Oracle Co. (NYSE:ORCL) Shares Sold by GDS Wealth Management

GDS Wealth Management decreased its position in Oracle Co. (NYSE:ORCL) by 13.4% during the fourth quarter, Holdings Channel reports. The firm owned 2,136 shares of the enterprise software provider’s stock after selling 331 shares during the quarter. GDS Wealth Management’s holdings in Oracle were worth $225,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Breed s Hill Capital LLC acquired a new stake in shares of Oracle during the fourth quarter worth $454,000. Wealthspire Advisors LLC boosted its stake in shares of Oracle by 7.2% during the fourth quarter. Wealthspire Advisors LLC now owns 20,458 shares of the enterprise software provider’s stock valued at $2,157,000 after acquiring an additional 1,372 shares during the last quarter. Catalyst Financial Partners LLC raised its position in shares of Oracle by 2.3% in the fourth quarter. Catalyst Financial Partners LLC now owns 5,150 shares of the enterprise software provider’s stock valued at $543,000 after buying an additional 114 shares during the last quarter. Pioneer Trust Bank N A OR grew its stake in shares of Oracle by 3.9% during the 4th quarter. Pioneer Trust Bank N A OR now owns 96,090 shares of the enterprise software provider’s stock valued at $10,131,000 after buying an additional 3,645 shares during the period. Finally, Pinnacle Wealth Management Advisory Group LLC increased its stake in Oracle by 3.1% during the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 11,347 shares of the enterprise software provider’s stock worth $1,196,000 after acquiring an additional 339 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ORCL. StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a research report on Thursday. The Goldman Sachs Group increased their price objective on shares of Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, March 13th. KeyCorp initiated coverage on shares of Oracle in a research report on Thursday, March 21st. They set an “overweight” rating and a $150.00 price objective for the company. HSBC increased their price target on Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. Finally, Argus upgraded Oracle from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. Ten research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $130.76.

Insider Transactions at Oracle

In other Oracle news, Director George H. Conrades sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $116.00, for a total transaction of $2,320,000.00. Following the transaction, the director now owns 17,836 shares of the company’s stock, valued at $2,068,976. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, CEO Safra Catz sold 790,000 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total value of $99,966,600.00. Following the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $141,546,631.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director George H. Conrades sold 20,000 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $116.00, for a total transaction of $2,320,000.00. Following the transaction, the director now owns 17,836 shares in the company, valued at approximately $2,068,976. The disclosure for this sale can be found here. Insiders have sold a total of 880,000 shares of company stock worth $110,488,150 in the last 90 days. Corporate insiders own 42.80% of the company’s stock.

Oracle Stock Down 0.1 %

ORCL stock traded down $0.14 during mid-day trading on Friday, hitting $116.50. 986,233 shares of the company were exchanged, compared to its average volume of 8,068,977. Oracle Co. has a 1-year low of $96.33 and a 1-year high of $132.77. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85. The firm’s 50 day simple moving average is $120.30 and its 200 day simple moving average is $113.59. The firm has a market cap of $320.20 billion, a P/E ratio of 30.78, a P/E/G ratio of 2.32 and a beta of 1.03.

Oracle (NYSE:ORCL) last announced its 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 business had revenue of $13.28 billion during the quarter, compared to analysts’ expectations of $13.29 billion. During the same quarter in the prior year, the company posted $0.96 earnings per share. The firm’s revenue was up 7.1% on a year-over-year basis. On average, sell-side analysts predict that Oracle Co. will post 4.44 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.37%. The ex-dividend date was Tuesday, April 9th. Oracle’s dividend payout ratio (DPR) is 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.