Oracle Co. (NYSE:ORCL) Shares Sold by Castle Wealth Management LLC

Castle Wealth Management LLC reduced its holdings in Oracle Co. (NYSE:ORCL) by 7.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,551 shares of the enterprise software provider’s stock after selling 673 shares during the period. Castle Wealth Management LLC’s holdings in Oracle were worth $1,425,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ORCL. R Squared Ltd acquired a new stake in Oracle in the fourth quarter valued at approximately $25,000. Winch Advisory Services LLC boosted its stake in shares of Oracle by 89.7% in the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after acquiring an additional 87 shares during the last quarter. Reston Wealth Management LLC acquired a new stake in shares of Oracle in the third quarter worth approximately $44,000. Synergy Asset Management LLC acquired a new stake in shares of Oracle in the fourth quarter worth approximately $47,000. Finally, Friedenthal Financial acquired a new stake in shares of Oracle in the third quarter worth approximately $51,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Price Performance

ORCL opened at $172.30 on Thursday. The stock’s 50-day moving average price is $170.25 and its 200 day moving average price is $165.24. Oracle Co. has a 12-month low of $106.51 and a 12-month high of $198.31. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The firm has a market cap of $481.92 billion, a price-to-earnings ratio of 42.13, a PEG ratio of 3.39 and a beta of 1.05.

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 the consensus estimate of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. During the same period in the previous year, the company posted $1.34 EPS. Oracle’s revenue was up 8.6% on a year-over-year basis. As a group, sell-side analysts expect 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. Shareholders of record on Thursday, January 23rd were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio is currently 39.12%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. UBS Group lifted their price target on Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Citigroup lifted their price target on Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. BMO Capital Markets boosted their price objective on Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a research note on Tuesday, December 10th. KeyCorp boosted their price objective on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Finally, Monness Crespi & Hardt lowered Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price objective on the stock. in a research note on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and a consensus target price of $182.73.

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $207,331,027.20. This trade represents a 65.26 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 42.20% of the stock is owned by corporate insiders.

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.