Thrive Wealth Management LLC Has $808,000 Position in Oracle Co. (NYSE:ORCL)

Thrive Wealth Management LLC trimmed its stake in Oracle Co. (NYSE:ORCL) by 1.3% in the first quarter, HoldingsChannel reports. The firm owned 5,776 shares of the enterprise software provider’s stock after selling 79 shares during the period. Thrive Wealth Management LLC’s holdings in Oracle were worth $808,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Cookson Peirce & Co. Inc. grew its stake in shares of Oracle by 4.4% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider’s stock worth $237,000 after acquiring an additional 60 shares in the last quarter. Warther Private Wealth LLC boosted its holdings in Oracle by 1.8% during the fourth quarter. Warther Private Wealth LLC now owns 3,621 shares of the enterprise software provider’s stock worth $603,000 after purchasing an additional 63 shares during the last quarter. Howard Bailey Securities LLC boosted its holdings in Oracle by 2.9% during the fourth quarter. Howard Bailey Securities LLC now owns 2,274 shares of the enterprise software provider’s stock worth $379,000 after purchasing an additional 64 shares during the last quarter. New England Capital Financial Advisors LLC grew its position in Oracle by 6.4% in the 4th quarter. New England Capital Financial Advisors LLC now owns 1,061 shares of the enterprise software provider’s stock worth $177,000 after purchasing an additional 64 shares in the last quarter. Finally, Cape ANN Savings Bank increased its stake in Oracle by 1.1% in the 4th quarter. Cape ANN Savings Bank now owns 5,820 shares of the enterprise software provider’s stock valued at $970,000 after buying an additional 65 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Stock Performance

NYSE ORCL opened at $168.17 on Thursday. The company’s 50 day simple moving average is $145.94 and its two-hundred day simple moving average is $160.87. 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 $118.86 and a 1 year high of $198.31. The stock has a market capitalization of $470.36 billion, a PE ratio of 41.12, a P/E/G ratio of 3.46 and a beta of 1.32.

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

Oracle Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th were paid a $0.50 dividend. This is a positive change from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date was Thursday, April 10th. Oracle’s dividend payout ratio is currently 46.95%.

Insider Buying and Selling at Oracle

In other Oracle news, Director Naomi O. Seligman sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total value of $291,620.00. Following the completion of the transaction, the director now owns 34,630 shares of the company’s stock, valued at $5,049,400.30. The trade was a 5.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Leon E. Panetta sold 5,000 shares of the firm’s stock in a transaction on Friday, April 11th. The shares were sold at an average price of $129.77, for a total transaction of $648,850.00. Following the sale, the director now owns 58,090 shares in the company, valued at approximately $7,538,339.30. This trade represents a 7.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 27,366 shares of company stock valued at $4,015,723 in the last 90 days. Corporate insiders own 42.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on ORCL shares. Westpark Capital started coverage on Oracle in a research note on Tuesday, April 1st. They issued a “buy” rating and a $195.00 target price on the stock. Stifel Nicolaus cut their price objective on Oracle from $175.00 to $150.00 and set a “hold” rating on the stock in a research report on Tuesday, March 11th. Evercore ISI reduced their price objective on Oracle from $200.00 to $185.00 and set an “outperform” rating for the company in a research note on Tuesday, March 11th. Citigroup lowered their target price on Oracle from $194.00 to $160.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 12th. Finally, DA Davidson reduced their price target on shares of Oracle from $150.00 to $140.00 and set a “neutral” rating for the company in a research report on Monday, April 14th. Fourteen research 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’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $174.42.

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.