Oracle Co. (NYSE:ORCL) Stake Decreased by Endowment Wealth Management Inc.

Endowment Wealth Management Inc. reduced its holdings in Oracle Co. (NYSE:ORCL) by 5.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,212 shares of the enterprise software provider’s stock after selling 121 shares during the quarter. Endowment Wealth Management Inc.’s holdings in Oracle were worth $369,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Howard Capital Management Group LLC grew its position in Oracle by 12.4% in the third quarter. Howard Capital Management Group LLC now owns 8,019 shares of the enterprise software provider’s stock worth $1,366,000 after buying an additional 883 shares during the last quarter. Impax Asset Management Group plc lifted its stake in Oracle by 2.3% during the third quarter. Impax Asset Management Group plc now owns 2,325,268 shares of the enterprise software provider’s stock valued at $395,295,000 after buying an additional 53,128 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Oracle by 5.3% in the third quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock worth $411,748,000 after acquiring an additional 121,874 shares in the last quarter. Summit Global Investments purchased a new stake in shares of Oracle in the 3rd quarter valued at approximately $436,000. Finally, United Bank raised its stake in Oracle by 4.8% during the 3rd quarter. United Bank now owns 11,430 shares of the enterprise software provider’s stock valued at $1,948,000 after purchasing an additional 519 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Cantor Fitzgerald cut Oracle to an “overweight” rating in a research note on Monday, February 10th. Stifel Nicolaus raised their price objective on shares of Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. StockNews.com lowered Oracle from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. JMP Securities reiterated a “market outperform” rating and set a $205.00 price target on shares of Oracle in a report on Wednesday, January 22nd. Finally, BNP Paribas upgraded shares of Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. Eleven research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $182.73.

Oracle Stock Down 4.1 %

Shares of ORCL opened at $148.87 on Tuesday. Oracle Co. has a 12 month low of $111.18 and a 12 month high of $198.31. The firm’s 50 day moving average is $167.27 and its 200-day moving average is $169.58. The stock has a market capitalization of $416.38 billion, a PE ratio of 36.40, a P/E/G ratio of 3.46 and a beta of 1.07. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). The firm had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business’s revenue was up 6.4% compared to the same quarter last year. During the same period last year, the business earned $1.41 earnings per share. Equities research analysts forecast that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.34%. This is a boost from Oracle’s previous quarterly dividend of $0.40. Oracle’s payout ratio is presently 39.12%.

Insiders Place Their Bets

In other news, CEO Safra Catz sold 2,101,154 shares of Oracle 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 owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. The trade was a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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.