Oracle Co. (NYSE:ORCL) Shares Sold by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE trimmed its holdings in Oracle Co. (NYSE:ORCL) by 1.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 131,107 shares of the enterprise software provider’s stock after selling 1,978 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Oracle were worth $21,848,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Crowley Wealth Management Inc. acquired a new position in Oracle in the 4th quarter valued at $117,000. Emerald Advisers LLC acquired a new position in Oracle in the 4th quarter valued at $441,000. Vanguard Group Inc. increased its stake in Oracle by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider’s stock valued at $26,231,127,000 after buying an additional 2,296,069 shares during the period. Haverford Financial Services Inc. increased its stake in Oracle by 0.4% in the 4th quarter. Haverford Financial Services Inc. now owns 95,444 shares of the enterprise software provider’s stock valued at $15,905,000 after buying an additional 403 shares during the period. Finally, Napatree Capital LLC acquired a new position in Oracle in the 4th quarter valued at $217,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. JMP Securities restated a “market outperform” rating and set a $205.00 target price on shares of Oracle in a research report on Wednesday, January 22nd. Stephens started coverage on Oracle in a report on Wednesday, March 19th. They set an “equal weight” rating and a $167.00 target price on the stock. DA Davidson restated a “neutral” rating and issued a $150.00 price objective on shares of Oracle in a research report on Tuesday, March 11th. JPMorgan Chase & Co. decreased their price objective on Oracle from $140.00 to $135.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 11th. Finally, BMO Capital Markets cut their target price on shares of Oracle from $205.00 to $175.00 and set a “market perform” rating for the company in a research note on Tuesday, March 11th. Thirteen investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $179.20.

Oracle Stock Performance

NYSE ORCL opened at $152.83 on Monday. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. Oracle Co. has a 1-year low of $112.78 and a 1-year high of $198.31. The firm has a market capitalization of $427.45 billion, a P/E ratio of 37.37, a P/E/G ratio of 3.46 and a beta of 1.07. The business’s 50-day simple moving average is $164.87 and its 200-day simple moving average is $170.27.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $14.13 billion for the quarter, compared to analyst estimates of $14.40 billion. During the same period last year, the firm earned $1.41 earnings per share. The company’s quarterly revenue was up 6.4% on a year-over-year basis. Equities analysts predict that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be issued a $0.50 dividend. This is an increase from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a yield of 1.31%. The ex-dividend date is Thursday, April 10th. Oracle’s dividend payout ratio is currently 46.95%.

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $207,331,027.20. This trade represents a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 42.20% of the stock is currently owned by corporate insiders.

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.