RWA Wealth Partners LLC Reduces Stock Holdings in Oracle Co. (NYSE:ORCL)

RWA Wealth Partners LLC trimmed its position in Oracle Co. (NYSE:ORCL) by 53.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 76,239 shares of the enterprise software provider’s stock after selling 88,040 shares during the quarter. RWA Wealth Partners LLC’s holdings in Oracle were worth $12,704,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Schroder Investment Management Group boosted its position in shares of Oracle by 36.5% during the fourth quarter. Schroder Investment Management Group now owns 2,424,680 shares of the enterprise software provider’s stock worth $404,049,000 after buying an additional 648,441 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in Oracle by 8.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 6,156,343 shares of the enterprise software provider’s stock worth $1,025,893,000 after purchasing an additional 468,180 shares during the period. American Money Management LLC acquired a new stake in shares of Oracle during the fourth quarter worth about $449,000. PARUS FINANCE UK Ltd boosted its stake in shares of Oracle by 8.3% in the fourth quarter. PARUS FINANCE UK Ltd now owns 103,366 shares of the enterprise software provider’s stock valued at $17,225,000 after purchasing an additional 7,900 shares during the period. Finally, Allianz SE purchased a new stake in Oracle during the 4th quarter worth approximately $19,762,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on ORCL shares. JPMorgan Chase & Co. dropped their price target on shares of Oracle from $140.00 to $135.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Bank of America lowered their price objective on Oracle from $195.00 to $175.00 and set a “neutral” rating for the company in a research report on Tuesday, March 11th. Cantor Fitzgerald reduced their target price on shares of Oracle from $214.00 to $175.00 and set an “overweight” rating on the stock in a report on Tuesday, March 11th. Stephens began coverage on shares of Oracle in a research report on Wednesday, March 19th. They issued an “equal weight” rating and a $167.00 price objective on the stock. Finally, Mizuho lifted their price objective on shares of Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Thirteen analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and a consensus price target of $179.20.

Insiders Place Their Bets

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

Oracle Price Performance

Oracle stock opened at $140.75 on Friday. The business has a 50 day simple moving average of $163.94 and a 200-day simple moving average of $170.22. Oracle Co. has a 12 month low of $112.78 and a 12 month high of $198.31. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market capitalization of $393.67 billion, a PE ratio of 34.41, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07.

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

Oracle Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend is Thursday, April 10th. This is a positive change from Oracle’s previous quarterly dividend of $0.40. Oracle’s payout ratio is currently 46.95%.

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.