Endowment Wealth Management Inc. Sells 81 Shares of Oracle Co. (NYSE:ORCL)

Endowment Wealth Management Inc. trimmed its position in shares of Oracle Co. (NYSE:ORCL) by 3.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,333 shares of the enterprise software provider’s stock after selling 81 shares during the quarter. Endowment Wealth Management Inc.’s holdings in Oracle were worth $398,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Blair William & Co. IL lifted its holdings in Oracle by 11.3% during the 1st quarter. Blair William & Co. IL now owns 258,411 shares of the enterprise software provider’s stock worth $32,459,000 after buying an additional 26,255 shares during the period. Brighton Jones LLC lifted its stake in shares of Oracle by 114.9% in the first quarter. Brighton Jones LLC now owns 155,607 shares of the enterprise software provider’s stock worth $19,546,000 after acquiring an additional 83,209 shares during the period. Dorsey & Whitney Trust CO LLC boosted its holdings in Oracle by 3.9% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 22,002 shares of the enterprise software provider’s stock valued at $2,764,000 after acquiring an additional 834 shares during the last quarter. GM Advisory Group LLC increased its position in Oracle by 2.3% during the 1st quarter. GM Advisory Group LLC now owns 12,590 shares of the enterprise software provider’s stock valued at $1,581,000 after purchasing an additional 278 shares during the period. Finally, Wintrust Investments LLC raised its holdings in Oracle by 2.7% during the 1st quarter. Wintrust Investments LLC now owns 33,439 shares of the enterprise software provider’s stock worth $4,200,000 after purchasing an additional 865 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors.

Oracle Trading Up 0.0 %

NYSE ORCL opened at $189.62 on Thursday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. The firm has a market capitalization of $525.45 billion, a P/E ratio of 48.87, a PEG ratio of 3.49 and a beta of 1.02. The business has a fifty day simple moving average of $170.41 and a 200 day simple moving average of $145.85. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $191.77.

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

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.84%. Oracle’s dividend payout ratio (DPR) is currently 41.24%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on ORCL shares. Royal Bank of Canada initiated coverage on shares of Oracle in a research note on Wednesday, October 23rd. They issued a “sector perform” rating and a $165.00 price objective on the stock. BMO Capital Markets increased their price target on Oracle from $160.00 to $173.00 and gave the stock a “market perform” rating in a report on Tuesday, September 10th. Jefferies Financial Group boosted 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. JPMorgan Chase & Co. raised their target price on Oracle from $110.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. Finally, UBS Group reiterated a “market outperform” rating on shares of Oracle in a report on Friday, October 18th. Eleven equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $168.52.

Insiders Place Their Bets

In other news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction on Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the sale, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 42.20% of the company’s stock.

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.