Laidlaw Wealth Management LLC Sells 822 Shares of Oracle Co. (NYSE:ORCL)

Laidlaw Wealth Management LLC reduced its stake in Oracle Co. (NYSE:ORCL) by 23.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,716 shares of the enterprise software provider’s stock after selling 822 shares during the period. Laidlaw Wealth Management LLC’s holdings in Oracle were worth $453,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of ORCL. R Squared Ltd acquired a new position in shares of Oracle in the 4th quarter worth approximately $25,000. Winch Advisory Services LLC lifted its holdings in Oracle by 89.7% during the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after buying an additional 87 shares in the last quarter. TFC Financial Management Inc. raised its position in shares of Oracle by 129.0% during the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock valued at $35,000 after acquiring an additional 120 shares during the last quarter. Reston Wealth Management LLC bought a new stake in shares of Oracle during the 3rd quarter valued at $44,000. Finally, Synergy Asset Management LLC bought a new stake in shares of Oracle during the 4th quarter valued at $47,000. 42.44% of the stock is currently owned by institutional investors.

Insider Transactions at Oracle

In other news, CEO Safra Catz sold 2,101,154 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total value of $389,448,893.90. Following the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. This trade represents a 65.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 42.20% of the company’s stock.

Oracle Stock Up 3.2 %

ORCL stock opened at $179.78 on Wednesday. The firm has a 50 day moving average of $169.03 and a 200 day moving average of $166.57. The stock has a market capitalization of $502.85 billion, a PE ratio of 43.96, a price-to-earnings-growth ratio of 3.43 and a beta of 1.05. Oracle Co. has a 52 week low of $106.51 and a 52 week 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.

Oracle (NYSE:ORCL) last announced 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). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. During the same period in the prior year, the company posted $1.34 EPS. The firm’s revenue was up 8.6% on a year-over-year basis. Sell-side analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were issued a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.89%. Oracle’s dividend payout ratio is currently 39.12%.

Analyst Ratings Changes

A number of analysts recently commented on the stock. UBS Group upped their price objective on shares of Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Morgan Stanley lifted their price target on Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 10th. KeyCorp boosted their price objective on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. BNP Paribas upgraded shares of Oracle to a “strong-buy” rating in a research report on Tuesday, December 10th. Finally, StockNews.com downgraded shares of Oracle from a “buy” rating to a “hold” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $182.73.

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.