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

Wealth Effects LLC lowered its position in Oracle Co. (NYSE:ORCL) by 6.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,139 shares of the enterprise software provider’s stock after selling 436 shares during the period. Wealth Effects LLC’s holdings in Oracle were worth $1,023,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Susquehanna Fundamental Investments LLC acquired a new position in Oracle during the second quarter worth $1,516,000. Magnolia Capital Advisors LLC grew its stake in shares of Oracle by 91.0% during the 2nd quarter. Magnolia Capital Advisors LLC now owns 12,869 shares of the enterprise software provider’s stock worth $1,817,000 after purchasing an additional 6,130 shares during the period. Silver Lake Advisory LLC purchased a new position in shares of Oracle in the 2nd quarter valued at about $540,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Oracle by 20.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 169,108 shares of the enterprise software provider’s stock valued at $23,878,000 after purchasing an additional 28,138 shares during the period. Finally, Sunbelt Securities Inc. grew its position in Oracle by 7.0% during the second quarter. Sunbelt Securities Inc. now owns 8,300 shares of the enterprise software provider’s stock worth $1,172,000 after buying an additional 542 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Activity

In other news, CEO Safra Catz sold 2,101,154 shares of the firm’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 sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $207,331,027.20. This trade represents a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 42.20% of the company’s stock.

Oracle Trading Down 13.9 %

Shares of ORCL stock opened at $158.10 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a fifty-two week low of $106.51 and a fifty-two week high of $198.31. The firm’s 50 day moving average price is $174.41 and its two-hundred day moving average price is $162.79. The stock has a market cap of $442.19 billion, a price-to-earnings ratio of 38.65, a price-to-earnings-growth ratio of 3.62 and a beta of 1.06.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The business had revenue of $14.06 billion for 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 firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period last year, the company posted $1.34 earnings per share. On average, analysts anticipate that Oracle Co. will post 5.01 EPS for the current year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.01%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is 39.12%.

Analyst Ratings Changes

A number of research firms recently weighed in on ORCL. JMP Securities restated a “market outperform” rating and issued a $205.00 price target on shares of Oracle in a report on Wednesday, January 22nd. KeyCorp boosted their price objective on shares of Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Guggenheim raised their target price on shares of Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Morgan Stanley increased their price target on shares of Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 10th. Finally, Monness Crespi & Hardt downgraded Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price objective for the company. in a research report on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and an average price target of $182.73.

Oracle 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.