Oracle Co. (NYSE:ORCL) Shares Sold by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc trimmed its holdings in shares of Oracle Co. (NYSE:ORCL) by 7.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,689 shares of the enterprise software provider’s stock after selling 1,189 shares during the period. Marks Group Wealth Management Inc’s holdings in Oracle were worth $1,654,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Orion Capital Management LLC purchased a new position in Oracle in the 3rd quarter valued at approximately $25,000. Ritter Daniher Financial Advisory LLC DE increased its stake in Oracle by 298.4% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock valued at $26,000 after purchasing an additional 182 shares in the last quarter. Spartan Planning & Wealth Management purchased a new position in Oracle in the 3rd quarter valued at approximately $27,000. Cornerstone Planning Group LLC increased its stake in Oracle by 1,268.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock valued at $36,000 after purchasing an additional 317 shares in the last quarter. Finally, BOK Financial Private Wealth Inc. increased its stake in Oracle by 139.4% in the 4th quarter. BOK Financial Private Wealth Inc. now owns 371 shares of the enterprise software provider’s stock valued at $39,000 after purchasing an additional 216 shares in the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on ORCL shares. StockNews.com downgraded Oracle from a “buy” rating to a “hold” rating in a research note on Thursday, March 21st. HSBC increased their target price on Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. BMO Capital Markets increased their target price on Oracle from $126.00 to $142.00 and gave the company a “market perform” rating in a report on Tuesday, March 12th. Oppenheimer initiated coverage on Oracle in a report on Thursday, April 18th. They set a “market perform” rating on the stock. Finally, William Blair upgraded Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. Eleven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and an average target price of $130.76.

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 790,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at $141,546,631.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 42.80% of the stock is currently owned by insiders.

Oracle Stock Up 0.5 %

Shares of ORCL traded up $0.52 during midday trading on Tuesday, reaching $115.05. 2,697,343 shares of the company were exchanged, compared to its average volume of 8,497,656. The stock has a 50-day moving average price of $119.21 and a 200-day moving average price of $113.00. The company has a market cap of $316.21 billion, a price-to-earnings ratio of 30.22, a P/E/G ratio of 2.30 and a beta of 1.01. Oracle Co. has a 1-year low of $93.29 and a 1-year high of $132.77. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, topping the consensus estimate of $1.37 by $0.04. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The business had revenue of $13.28 billion for the quarter, compared to analysts’ expectations of $13.29 billion. During the same quarter in the previous year, the firm posted $0.96 earnings per share. The company’s revenue was up 7.1% compared to the same quarter last year. Research analysts expect that Oracle Co. will post 4.44 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.39%. The ex-dividend date is Tuesday, April 9th. Oracle’s payout ratio is currently 42.22%.

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.