Oracle Co. (NYSE:ORCL) Shares Sold by Denver PWM LLC

Denver PWM LLC reduced its position in Oracle Co. (NYSE:ORCL) by 0.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 9,918 shares of the enterprise software provider’s stock after selling 64 shares during the period. Denver PWM LLC’s holdings in Oracle were worth $1,653,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. R Squared Ltd purchased a new stake in shares of Oracle in the 4th quarter valued at about $25,000. Winch Advisory Services LLC lifted its holdings in shares of Oracle by 89.7% in the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after purchasing an additional 87 shares during the last quarter. TFC Financial Management Inc. raised its stake in 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 purchased a new stake in Oracle during the 3rd quarter valued at approximately $44,000. Finally, Synergy Asset Management LLC purchased a new stake in Oracle during the 4th quarter valued at approximately $47,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Safra Catz sold 2,101,154 shares of Oracle 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 sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $207,331,027.20. The trade was a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 42.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ORCL. Evercore ISI increased their target price on Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. 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. BNP Paribas upgraded Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. Cantor Fitzgerald cut Oracle to an “overweight” rating in a report on Monday, February 10th. Finally, JMP Securities reiterated a “market outperform” rating and set a $205.00 target price on shares of Oracle in a report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $182.73.

Oracle Price Performance

Shares of Oracle stock opened at $167.92 on Friday. The business’s fifty day moving average price is $168.99 and its 200 day moving average price is $167.29. The stock has a market capitalization of $469.66 billion, a P/E ratio of 41.06, a PEG ratio of 3.46 and a beta of 1.05. Oracle Co. has a twelve month low of $109.66 and a twelve month high of $198.31. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates 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 133.25% and a net margin of 21.16%. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.34 EPS. As a group, research analysts anticipate 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. Shareholders of record on Thursday, January 23rd were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio is presently 39.12%.

Oracle Company 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.