World Equity Group Inc. Reduces Holdings in Oracle Co. (NYSE:ORCL)

World Equity Group Inc. reduced its stake in Oracle Co. (NYSE:ORCL) by 76.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,975 shares of the enterprise software provider’s stock after selling 12,839 shares during the quarter. World Equity Group Inc.’s holdings in Oracle were worth $677,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of ORCL. QRG Capital Management Inc. increased its holdings in shares of Oracle by 6.2% in the third quarter. QRG Capital Management Inc. now owns 172,820 shares of the enterprise software provider’s stock valued at $29,449,000 after purchasing an additional 10,163 shares during the period. Asset Management One Co. Ltd. increased its holdings in Oracle by 1.8% in the 3rd quarter. Asset Management One Co. Ltd. now owns 633,333 shares of the enterprise software provider’s stock worth $107,920,000 after buying an additional 10,977 shares during the period. National Pension Service raised its position in Oracle by 13.8% during the 3rd quarter. National Pension Service now owns 3,238,861 shares of the enterprise software provider’s stock worth $551,902,000 after buying an additional 394,004 shares during the last quarter. Silicon Valley Capital Partners lifted its stake in Oracle by 6.4% during the 3rd quarter. Silicon Valley Capital Partners now owns 7,789 shares of the enterprise software provider’s stock valued at $1,327,000 after acquiring an additional 471 shares during the period. Finally, CORDA Investment Management LLC. boosted its holdings in shares of Oracle by 1.4% in the 3rd quarter. CORDA Investment Management LLC. now owns 7,898 shares of the enterprise software provider’s stock valued at $1,346,000 after acquiring an additional 107 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Stock Down 0.4 %

Shares of NYSE:ORCL traded down $0.68 during trading on Monday, hitting $169.34. 740,600 shares of the company were exchanged, compared to its average volume of 8,266,486. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. The firm’s 50 day moving average price is $163.43 and its 200-day moving average price is $142.24. The stock has a market capitalization of $469.25 billion, a P/E ratio of 43.82, a PEG ratio of 3.09 and a beta of 1.02. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $178.61.

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

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date was Thursday, October 10th. Oracle’s payout ratio is currently 41.24%.

Insider Activity

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

Analyst Ratings Changes

ORCL has been the topic of several analyst reports. TD Cowen increased their price target on Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. StockNews.com lowered shares of Oracle from a “buy” rating to a “hold” rating in a research report on Friday, October 25th. Stifel Nicolaus raised their target price on shares of Oracle from $135.00 to $155.00 and gave the stock a “hold” rating in a research note on Tuesday, September 10th. Royal Bank of Canada began coverage on Oracle in a report on Wednesday, October 23rd. They issued a “sector perform” rating and a $165.00 price target for the company. Finally, Morgan Stanley upped their target price on Oracle from $125.00 to $145.00 and gave the company an “equal weight” rating in a report on Tuesday, September 10th. Twelve equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $168.52.

Oracle 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.