Angeles Wealth Management LLC Lowers Stock Position in Oracle Co. (NYSE:ORCL)

Angeles Wealth Management LLC lowered its position in shares of Oracle Co. (NYSE:ORCL) by 1.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,986 shares of the enterprise software provider’s stock after selling 75 shares during the quarter. Angeles Wealth Management LLC’s holdings in Oracle were worth $850,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ORCL. Fort Pitt Capital Group LLC raised its position in shares of Oracle by 2.8% in the 3rd quarter. Fort Pitt Capital Group LLC now owns 126,142 shares of the enterprise software provider’s stock worth $21,495,000 after purchasing an additional 3,490 shares during the last quarter. Latitude Advisors LLC raised its position in shares of Oracle by 2.9% in the 3rd quarter. Latitude Advisors LLC now owns 2,539 shares of the enterprise software provider’s stock worth $433,000 after purchasing an additional 72 shares during the last quarter. Pure Financial Advisors LLC raised its position in shares of Oracle by 1.3% in the 3rd quarter. Pure Financial Advisors LLC now owns 11,758 shares of the enterprise software provider’s stock worth $2,004,000 after purchasing an additional 154 shares during the last quarter. Janney Capital Management LLC raised its position in shares of Oracle by 24.4% in the 3rd quarter. Janney Capital Management LLC now owns 5,607 shares of the enterprise software provider’s stock worth $956,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Northern Financial Advisors Inc raised its position in shares of Oracle by 0.8% in the 3rd quarter. Northern Financial Advisors Inc now owns 12,815 shares of the enterprise software provider’s stock worth $2,184,000 after purchasing an additional 99 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Transactions at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the sale, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at $7,076,685. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 42.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ORCL. Guggenheim lifted their price target on Oracle from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. StockNews.com lowered Oracle from a “buy” rating to a “hold” rating in a research report on Friday, October 25th. Jefferies Financial Group lifted their price target on Oracle from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. Oppenheimer reissued a “market perform” rating on shares of Oracle in a research report on Tuesday, September 10th. Finally, Melius Research raised Oracle from a “hold” rating to a “buy” rating in a research report on Monday, September 16th. Twelve analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $168.52.

Oracle Stock Performance

Shares of NYSE:ORCL traded up $2.18 during mid-day trading on Friday, reaching $170.02. 5,680,595 shares of the company traded hands, compared to its average volume of 5,749,102. The company’s 50 day moving average price is $163.43 and its 200-day moving average price is $142.08. The firm has a market cap of $471.14 billion, a PE ratio of 43.82, a PEG ratio of 3.09 and a beta of 1.02. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $178.61.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The business had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. During the same period in the prior year, the company posted $0.95 EPS. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, equities analysts expect that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were issued a dividend of $0.40 per share. The ex-dividend date was Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.94%. Oracle’s dividend payout ratio (DPR) is 41.24%.

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.