TD Private Client Wealth LLC Trims Stock Holdings in Oracle Co. (NYSE:ORCL)

TD Private Client Wealth LLC trimmed its holdings in Oracle Co. (NYSE:ORCL) by 10.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,484 shares of the enterprise software provider’s stock after selling 2,271 shares during the period. TD Private Client Wealth LLC’s holdings in Oracle were worth $3,080,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of ORCL. Howard Capital Management Group LLC boosted its holdings in Oracle by 12.4% in 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 purchasing an additional 883 shares during the period. Principal Financial Group Inc. boosted its holdings in Oracle by 5.3% in the 3rd quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock valued at $411,748,000 after purchasing an additional 121,874 shares during the period. United Bank boosted its holdings in Oracle by 4.8% in 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. Prospera Private Wealth LLC bought a new position in Oracle in the 3rd quarter valued at $70,000. Finally, Moran Wealth Management LLC bought a new position in Oracle in the 3rd quarter valued at $1,882,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Oracle news, CEO Safra Catz sold 345,174 shares of the firm’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $207,565,931.52. This trade represents a 23.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 42.20% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have commented on ORCL shares. DA Davidson reissued a “neutral” rating and issued a $150.00 price target on shares of Oracle in a report on Tuesday, March 11th. Citigroup dropped their price objective on shares of Oracle from $194.00 to $160.00 and set a “neutral” rating for the company in a report on Wednesday, March 12th. Mizuho lifted their price objective on shares of Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Barclays dropped their price objective on shares of Oracle from $212.00 to $202.00 and set an “overweight” rating for the company in a report on Tuesday, March 11th. Finally, Bank of America dropped their price objective on shares of Oracle from $195.00 to $175.00 and set a “neutral” rating for the company in a report on Tuesday, March 11th. Thirteen analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $179.20.

Oracle Stock Performance

Shares of NYSE:ORCL opened at $152.83 on Friday. Oracle Co. has a 12 month low of $112.78 and a 12 month high of $198.31. The company has a market cap of $427.45 billion, a price-to-earnings ratio of 37.37, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07. The company has a 50-day moving average price of $164.87 and a 200-day moving average price of $169.85. 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 released its quarterly earnings results 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). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. During the same period in the previous year, the company earned $1.41 earnings per share. Oracle’s quarterly revenue was up 6.4% on a year-over-year basis. As a group, equities analysts anticipate that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be paid a $0.50 dividend. This is an increase from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date is Thursday, April 10th. Oracle’s dividend payout ratio is presently 46.95%.

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.