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

GSB Wealth Management LLC cut its position in Oracle Co. (NYSE:ORCL) by 2.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,619 shares of the enterprise software provider’s stock after selling 372 shares during the period. GSB Wealth Management LLC’s holdings in Oracle were worth $2,936,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in ORCL. Winch Advisory Services LLC boosted its stake in shares of Oracle by 89.7% in the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after acquiring an additional 87 shares during the last quarter. Reston Wealth Management LLC acquired a new stake in shares of Oracle in the third quarter worth approximately $44,000. Avondale Wealth Management acquired a new stake in shares of Oracle in the third quarter worth approximately $51,000. Friedenthal Financial acquired a new position in Oracle during the third quarter worth $51,000. Finally, Activest Wealth Management boosted its stake in Oracle by 21.9% during the third quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock worth $53,000 after buying an additional 56 shares during the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ORCL has been the topic of a number of recent research reports. Cantor Fitzgerald initiated coverage on Oracle in a research note on Friday, January 17th. They set an “overweight” rating and a $214.00 price objective on the stock. BNP Paribas raised Oracle to a “strong-buy” rating in a research note on Tuesday, December 10th. Guggenheim boosted their price objective on Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. StockNews.com lowered Oracle from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Evercore ISI boosted their price objective on Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Oracle has an average rating of “Moderate Buy” and an average price target of $182.73.

Oracle Price Performance

Shares of NYSE ORCL opened at $183.59 on Friday. The stock’s 50-day moving average is $174.41 and its two-hundred day moving average is $162.49. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. Oracle Co. has a 1-year low of $106.51 and a 1-year high of $198.31. The company has a market cap of $513.50 billion, a price-to-earnings ratio of 44.89, a price-to-earnings-growth ratio of 3.62 and a beta of 1.06.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. During the same quarter last year, the company earned $1.34 EPS. Oracle’s revenue for the quarter was up 8.6% compared to the same quarter last year. Analysts forecast that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.87%. Oracle’s dividend payout ratio is currently 39.12%.

Insider Transactions at Oracle

In other news, CEO Safra Catz sold 2,101,154 shares of the company’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $207,331,027.20. This represents a 65.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 42.20% 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.