Oracle Co. (NYSE:ORCL) Shares Sold by Ieq Capital LLC

Ieq Capital LLC decreased its stake in Oracle Co. (NYSE:ORCL) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 144,463 shares of the enterprise software provider’s stock after selling 2,639 shares during the period. Ieq Capital LLC’s holdings in Oracle were worth $24,073,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Wealth Group Ltd. purchased a new position in Oracle during the 3rd quarter valued at about $222,000. Howard Capital Management Group LLC increased its holdings in Oracle by 12.4% during the 3rd quarter. Howard Capital Management Group LLC now owns 8,019 shares of the enterprise software provider’s stock valued at $1,366,000 after acquiring an additional 883 shares in the last quarter. Stanley Laman Group Ltd. increased its holdings in Oracle by 43.5% during the 3rd quarter. Stanley Laman Group Ltd. now owns 2,582 shares of the enterprise software provider’s stock valued at $440,000 after acquiring an additional 783 shares in the last quarter. Tempus Wealth Planning LLC increased its holdings in Oracle by 3.1% during the 3rd quarter. Tempus Wealth Planning LLC now owns 12,931 shares of the enterprise software provider’s stock valued at $2,203,000 after acquiring an additional 391 shares in the last quarter. Finally, BLB&B Advisors LLC increased its holdings in Oracle by 3.5% during the 3rd quarter. BLB&B Advisors LLC now owns 6,655 shares of the enterprise software provider’s stock valued at $1,134,000 after acquiring an additional 227 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Buying and Selling at Oracle

In other news, CEO Safra Catz sold 2,101,154 shares of the business’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $207,331,027.20. The trade was a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 42.20% of the stock is currently owned by corporate insiders.

Oracle Trading Up 1.0 %

Shares of ORCL stock opened at $181.51 on Thursday. The stock has a market cap of $507.68 billion, a price-to-earnings ratio of 44.38, a price-to-earnings-growth ratio of 3.43 and a beta of 1.05. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a fifty-two week low of $106.51 and a fifty-two week high of $198.31. The firm’s 50 day moving average price is $169.09 and its two-hundred day moving average price is $166.67.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The business had revenue of $14.06 billion for 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 company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the firm earned $1.34 earnings per share. On average, analysts anticipate that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were given a dividend of $0.40 per share. The ex-dividend date was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.88%. Oracle’s dividend payout ratio (DPR) is 39.12%.

Analysts Set New Price Targets

Several research firms have weighed in on ORCL. Cantor Fitzgerald began coverage on shares of Oracle in a report on Friday, January 17th. They set an “overweight” rating and a $214.00 target price for the company. Mizuho raised their target price on shares of Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. StockNews.com downgraded shares of Oracle from a “buy” rating to a “hold” rating in a report on Wednesday. Guggenheim lifted their price target on shares of Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, BMO Capital Markets lifted their price target on shares of Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $182.73.

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.