FAS Wealth Partners Inc. Sells 247 Shares of Oracle Co. (NYSE:ORCL)

FAS Wealth Partners Inc. lessened its position in Oracle Co. (NYSE:ORCL) by 6.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,692 shares of the enterprise software provider’s stock after selling 247 shares during the period. FAS Wealth Partners Inc.’s holdings in Oracle were worth $615,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of ORCL. Requisite Capital Management LLC raised its stake in Oracle by 2.8% in the fourth quarter. Requisite Capital Management LLC now owns 2,240 shares of the enterprise software provider’s stock valued at $373,000 after buying an additional 60 shares during the period. Cookson Peirce & Co. Inc. increased its holdings in shares of Oracle by 4.4% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider’s stock worth $237,000 after acquiring an additional 60 shares during the last quarter. McLean Asset Management Corp raised its stake in Oracle by 1.1% in the 4th quarter. McLean Asset Management Corp now owns 5,447 shares of the enterprise software provider’s stock valued at $908,000 after acquiring an additional 61 shares during the period. Warther Private Wealth LLC lifted its holdings in Oracle by 1.8% during the 4th quarter. Warther Private Wealth LLC now owns 3,621 shares of the enterprise software provider’s stock valued at $603,000 after purchasing an additional 63 shares during the last quarter. Finally, Howard Bailey Securities LLC boosted its position in Oracle by 2.9% during the fourth quarter. Howard Bailey Securities LLC now owns 2,274 shares of the enterprise software provider’s stock worth $379,000 after purchasing an additional 64 shares during the period. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ORCL. Morgan Stanley cut their target price on shares of Oracle from $170.00 to $160.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 16th. Stephens assumed coverage on Oracle in a report on Wednesday, March 19th. They set an “equal weight” rating and a $167.00 price objective for the company. Jefferies Financial Group lowered their target price on Oracle from $220.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, March 31st. Bank of America reduced their price target on Oracle from $195.00 to $175.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Finally, JMP Securities reissued a “market outperform” rating and set a $205.00 target price on shares of Oracle in a report on Wednesday, January 22nd. Fourteen research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $174.42.

Insider Transactions at Oracle

In related news, Director Naomi O. Seligman sold 2,000 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total value of $291,620.00. Following the completion of the sale, the director now directly owns 34,630 shares in the company, valued at $5,049,400.30. This represents a 5.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Leon E. Panetta sold 5,000 shares of the stock in a transaction on Friday, April 11th. The shares were sold at an average price of $129.77, for a total value of $648,850.00. Following the completion of the sale, the director now owns 58,090 shares of the company’s stock, valued at $7,538,339.30. The trade was a 7.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 42.20% of the company’s stock.

Oracle Stock Performance

NYSE ORCL opened at $145.50 on Friday. The firm’s fifty day moving average price is $143.97 and its two-hundred day moving average price is $164.06. The stock has a market cap of $406.95 billion, a PE ratio of 35.57, a PEG ratio of 3.46 and a beta of 1.22. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. Oracle Co. has a fifty-two week low of $114.26 and a fifty-two week high of $198.31.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.02). The company had revenue of $14.13 billion for the quarter, compared to analyst estimates of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the company posted $1.41 earnings per share. On average, equities analysts expect that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, April 10th. This is an increase from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a dividend yield of 1.37%. Oracle’s dividend payout ratio is 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.