Ruedi Wealth Management Inc. Sells 698 Shares of Oracle Co. (NYSE:ORCL)

Ruedi Wealth Management Inc. lowered its holdings in Oracle Co. (NYSE:ORCL) by 57.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 509 shares of the enterprise software provider’s stock after selling 698 shares during the quarter. Ruedi Wealth Management Inc.’s holdings in Oracle were worth $87,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Janus Henderson Group PLC grew its holdings in Oracle by 148.8% in the 1st quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock worth $1,616,855,000 after acquiring an additional 7,699,141 shares during the last quarter. PineStone Asset Management Inc. boosted its stake in Oracle by 131.2% during the second quarter. PineStone Asset Management Inc. now owns 3,911,201 shares of the enterprise software provider’s stock worth $552,262,000 after acquiring an additional 2,219,450 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Oracle by 97.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,242,647 shares of the enterprise software provider’s stock worth $532,920,000 after acquiring an additional 2,093,893 shares in the last quarter. Altshuler Shaham Ltd grew its holdings in shares of Oracle by 5,853.1% during the second quarter. Altshuler Shaham Ltd now owns 1,552,580 shares of the enterprise software provider’s stock valued at $219,224,000 after buying an additional 1,526,500 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Oracle by 1.0% during the first quarter. Vanguard Group Inc. now owns 151,213,890 shares of the enterprise software provider’s stock valued at $18,993,977,000 after purchasing an additional 1,514,569 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors.

Oracle Trading Down 0.1 %

Oracle stock traded down $0.21 during trading on Wednesday, hitting $175.10. The company’s stock had a trading volume of 591,954 shares, compared to its average volume of 8,386,872. The stock’s fifty day moving average is $157.93 and its 200 day moving average is $139.38. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $178.61. The stock has a market capitalization of $485.21 billion, a price-to-earnings ratio of 45.19, a P/E/G ratio of 3.22 and a beta of 1.01.

Oracle (NYSE:ORCL) last released its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.06. The business had revenue of $13.31 billion for the quarter, compared to analysts’ expectations of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The company’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period last year, the company earned $0.95 earnings per share. As a group, equities research analysts predict that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date is Thursday, October 10th. Oracle’s payout ratio is currently 41.24%.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Royal Bank of Canada assumed coverage on Oracle in a research report on Wednesday. They issued a “sector perform” rating and a $165.00 target price on the stock. Bank of America lifted their price target on shares of Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. DA Davidson boosted their price target on shares of Oracle from $105.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. Jefferies Financial Group raised their price objective on Oracle from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Monday, September 16th. Finally, Mizuho raised their price target on shares of Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Eleven research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $168.52.

Insider Transactions at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the transaction, the executive vice president now owns 42,889 shares in the company, valued at $7,076,685. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 42.20% of the company’s stock.

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.