Oracle Co. (NYSE:ORCL) Shares Sold by Global Wealth Management Investment Advisory Inc.

Global Wealth Management Investment Advisory Inc. lowered its stake in shares of Oracle Co. (NYSE:ORCL) by 1.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,308 shares of the enterprise software provider’s stock after selling 399 shares during the quarter. Global Wealth Management Investment Advisory Inc.’s holdings in Oracle were worth $4,384,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Wealth Group Ltd. bought a new stake in shares of Oracle during the 3rd quarter worth about $222,000. Annex Advisory Services LLC lifted its position in Oracle by 6.5% in the 3rd quarter. Annex Advisory Services LLC now owns 180,337 shares of the enterprise software provider’s stock worth $30,729,000 after buying an additional 10,984 shares in the last quarter. Retirement Planning Group LLC grew its stake in Oracle by 9.1% in the third quarter. Retirement Planning Group LLC now owns 3,281 shares of the enterprise software provider’s stock valued at $559,000 after purchasing an additional 273 shares in the last quarter. Exchange Traded Concepts LLC increased its holdings in Oracle by 157.0% in the third quarter. Exchange Traded Concepts LLC now owns 4,587 shares of the enterprise software provider’s stock worth $782,000 after buying an additional 2,802 shares during the last quarter. Finally, Johnson Bixby & Associates LLC boosted its position in Oracle by 2.9% during the third quarter. Johnson Bixby & Associates LLC now owns 3,500 shares of the enterprise software provider’s stock worth $596,000 after purchasing an additional 100 shares during the period. 42.44% of the stock is currently owned by institutional investors.

Oracle Stock Up 1.3 %

Shares of NYSE:ORCL opened at $174.53 on Monday. The company has a 50 day moving average price of $170.42 and a two-hundred day moving average price of $164.50. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market capitalization of $488.15 billion, a PE ratio of 42.67, a PEG ratio of 3.39 and a beta of 1.05. Oracle Co. has a 52 week low of $106.51 and a 52 week high of $198.31.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The business had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm’s revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.34 earnings per share. Analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.92%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

Insider Buying and Selling

In other news, CEO Safra Catz sold 345,174 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $207,565,931.52. This trade represents a 23.58 % decrease in their position. 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 company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Cantor Fitzgerald initiated coverage on Oracle in a research note on Friday, January 17th. They issued an “overweight” rating and a $214.00 price objective on the stock. Citigroup boosted their price objective on shares of Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Guggenheim increased their target price on shares of Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. UBS Group boosted their price target on Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Finally, KeyCorp lifted their price objective on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $182.73.

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.