Werba Rubin Papier Wealth Management Decreases Stock Position in Oracle Co. (NYSE:ORCL)

Werba Rubin Papier Wealth Management lowered its stake in Oracle Co. (NYSE:ORCL) by 3.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,455 shares of the enterprise software provider’s stock after selling 138 shares during the period. Werba Rubin Papier Wealth Management’s holdings in Oracle were worth $576,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Wealth Group Ltd. bought a new position in Oracle in the 3rd quarter valued at approximately $222,000. Howard Capital Management Group LLC lifted its holdings in shares of Oracle by 12.4% in the 3rd quarter. Howard Capital Management Group LLC now owns 8,019 shares of the enterprise software provider’s stock valued at $1,366,000 after acquiring an additional 883 shares during the last quarter. GFG Capital LLC lifted its holdings in shares of Oracle by 9.4% in the 3rd quarter. GFG Capital LLC now owns 21,058 shares of the enterprise software provider’s stock valued at $3,588,000 after acquiring an additional 1,816 shares during the last quarter. Raleigh Capital Management Inc. raised its position in Oracle by 9.1% in the 3rd quarter. Raleigh Capital Management Inc. now owns 6,674 shares of the enterprise software provider’s stock worth $1,137,000 after purchasing an additional 559 shares during the period. Finally, Telos Capital Management Inc. increased its position in shares of Oracle by 1.9% during the third quarter. Telos Capital Management Inc. now owns 51,549 shares of the enterprise software provider’s stock worth $8,784,000 after acquiring an additional 968 shares during the period. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Stock Performance

Shares of ORCL opened at $179.78 on Wednesday. The firm has a market capitalization of $502.85 billion, a P/E ratio of 43.96, a P/E/G ratio of 3.43 and a beta of 1.05. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a 50 day moving average price of $169.03 and a two-hundred day moving average price of $166.57. Oracle Co. has a 52 week low of $106.51 and a 52 week high of $198.31.

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

Oracle Announces Dividend

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

Insiders Place Their Bets

In related news, CEO Safra Catz sold 345,174 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $185.56, for a total value of $64,050,487.44. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $207,565,931.52. The trade was a 23.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 42.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

ORCL has been the subject of several recent analyst reports. Guggenheim raised their target price on shares of Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. BNP Paribas upgraded shares of Oracle to a “strong-buy” rating in a research report on Tuesday, December 10th. Stifel Nicolaus increased their price target on shares of Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. Morgan Stanley increased their price objective on shares of Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 10th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $165.00 target price on shares of Oracle in a report on Thursday, December 5th. 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 assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.