Wilson & Boucher Capital Management LLC Sells 635 Shares of Oracle Co. (NYSE:ORCL)

Wilson & Boucher Capital Management LLC decreased its position in Oracle Co. (NYSE:ORCL) by 3.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,655 shares of the enterprise software provider’s stock after selling 635 shares during the quarter. Oracle comprises 1.8% of Wilson & Boucher Capital Management LLC’s investment portfolio, making the stock its 13th largest holding. Wilson & Boucher Capital Management LLC’s holdings in Oracle were worth $2,668,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in ORCL. Principal Financial Group Inc. boosted its position in Oracle by 5.3% during the third quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock worth $411,748,000 after purchasing an additional 121,874 shares during the period. Itau Unibanco Holding S.A. boosted its position in Oracle by 15.3% during the second quarter. Itau Unibanco Holding S.A. now owns 24,800 shares of the enterprise software provider’s stock worth $3,502,000 after purchasing an additional 3,300 shares during the period. Chase Investment Counsel Corp bought a new stake in Oracle during the third quarter worth approximately $4,160,000. Oppenheimer Asset Management Inc. boosted its position in Oracle by 79.6% during the third quarter. Oppenheimer Asset Management Inc. now owns 286,460 shares of the enterprise software provider’s stock worth $48,813,000 after purchasing an additional 126,985 shares during the period. Finally, Miura Global Management LLC bought a new stake in Oracle during the third quarter worth approximately $1,704,000. Institutional investors own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

ORCL has been the subject of a number of recent analyst reports. Sanford C. Bernstein upped their target price on Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. Jefferies Financial Group upped their price target on Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. UBS Group upped their price target on Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday. Guggenheim upped their price target on Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, JMP Securities reiterated a “market outperform” rating and set a $205.00 price target on shares of Oracle in a report on Tuesday. Twelve equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $181.48.

Insider Transactions at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the stock in a transaction 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 owns 42,889 shares in the company, valued at approximately $7,076,685. This represents a 12.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 42.20% of the company’s stock.

Oracle Stock Performance

Oracle stock opened at $177.74 on Wednesday. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a fifty day moving average price of $179.76 and a two-hundred day moving average price of $154.67. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $198.31. The firm has a market capitalization of $492.53 billion, a P/E ratio of 45.81, a P/E/G ratio of 3.49 and a beta of 1.03.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.01). The company had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The business’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.34 earnings per share. As a group, analysts anticipate that Oracle Co. will post 5.06 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 9th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Thursday, January 9th. Oracle’s payout ratio is presently 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.