Landmark Wealth Management LLC Sells 78 Shares of Oracle Co. (NYSE:ORCL)

Landmark Wealth Management LLC trimmed its holdings in shares of Oracle Co. (NYSE:ORCL) by 1.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,788 shares of the enterprise software provider’s stock after selling 78 shares during the period. Landmark Wealth Management LLC’s holdings in Oracle were worth $1,131,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Winch Advisory Services LLC boosted its stake in Oracle by 89.7% during 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 in the last quarter. Reston Wealth Management LLC bought a new stake in Oracle in the third quarter valued at $44,000. Avondale Wealth Management acquired a new position in shares of Oracle during the third quarter valued at about $51,000. Friedenthal Financial bought a new position in shares of Oracle during the 3rd quarter worth about $51,000. Finally, Activest Wealth Management grew its stake in shares of Oracle by 21.9% in the 3rd quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock valued at $53,000 after buying an additional 56 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Transactions at Oracle

In related news, CEO Safra Catz sold 345,174 shares of the business’s stock in a transaction on Friday, January 24th. The stock was sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $207,565,931.52. The trade was a 23.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 42.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ORCL. KeyCorp upped their price target on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. JMP Securities reaffirmed a “market outperform” rating and set a $205.00 target price on shares of Oracle in a research report on Wednesday, January 22nd. Piper Sandler lifted their price target on shares of Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. Royal Bank of Canada restated a “sector perform” rating and set a $165.00 price objective on shares of Oracle in a report on Thursday, December 5th. Finally, Citigroup raised their price objective on shares of Oracle from $157.00 to $194.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $182.73.

Oracle Trading Down 13.9 %

Shares of ORCL stock opened at $158.10 on Tuesday. Oracle Co. has a 12-month low of $106.51 and a 12-month high of $198.31. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The company has a 50 day moving average of $174.41 and a 200-day moving average of $162.79. The firm has a market cap of $442.19 billion, a P/E ratio of 38.65, a PEG ratio of 3.62 and a beta of 1.06.

Oracle (NYSE:ORCL) last released its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The firm had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.34 earnings per share. Sell-side analysts anticipate that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders 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 dividend on an annualized basis and a yield of 1.01%. Oracle’s dividend payout ratio is presently 39.12%.

About Oracle

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.