Argonautica Private Wealth Management Inc. Sells 252 Shares of Oracle Co. (NYSE:ORCL)

Argonautica Private Wealth Management Inc. lowered its stake in Oracle Co. (NYSE:ORCL) by 0.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,830 shares of the enterprise software provider’s stock after selling 252 shares during the quarter. Oracle makes up approximately 1.3% of Argonautica Private Wealth Management Inc.’s investment portfolio, making the stock its 20th largest position. Argonautica Private Wealth Management Inc.’s holdings in Oracle were worth $3,145,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in ORCL. Orion Capital Management LLC bought a new position in shares of Oracle in the third quarter worth about $25,000. Ritter Daniher Financial Advisory LLC DE raised its holdings 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 buying an additional 182 shares during the last quarter. Spartan Planning & Wealth Management bought a new position in Oracle in the 3rd quarter valued at approximately $27,000. Cornerstone Planning Group LLC raised its holdings 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 buying an additional 317 shares during the last quarter. Finally, BOK Financial Private Wealth Inc. raised its holdings 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 buying an additional 216 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ORCL. StockNews.com upgraded shares of Oracle from a “hold” rating to a “buy” rating in a report on Tuesday. Argus upgraded shares of Oracle from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. KeyCorp started coverage on shares of Oracle in a report on Thursday, March 21st. They set an “overweight” rating and a $150.00 price target for the company. BMO Capital Markets raised their price target on shares of Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a report on Tuesday, March 12th. Finally, The Goldman Sachs Group raised their price target on shares of Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, March 13th. Ten equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, Oracle has an average rating of “Moderate Buy” and a consensus price target of $130.76.

Insider Buying and Selling

In other news, CEO Safra Catz sold 790,000 shares of the stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total value of $99,966,600.00. Following the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $141,546,631.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 42.80% of the stock is currently owned by company insiders.

Oracle Price Performance

NYSE:ORCL traded up $2.32 during trading hours on Friday, reaching $117.21. The stock had a trading volume of 8,355,111 shares, compared to its average volume of 5,810,524. The stock has a market capitalization of $322.15 billion, a PE ratio of 30.93, a PEG ratio of 2.30 and a beta of 1.01. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85. The company has a 50 day moving average price of $119.42 and a two-hundred day moving average price of $113.11. Oracle Co. has a 52 week low of $93.29 and a 52 week high of $132.77.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The company had revenue of $13.28 billion during the quarter, compared to analysts’ expectations of $13.29 billion. During the same quarter in the previous year, the business earned $0.96 EPS. Oracle’s revenue was up 7.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Oracle Co. will post 4.44 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date was Tuesday, April 9th. Oracle’s dividend payout ratio (DPR) is currently 42.22%.

About Oracle

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.