Circle Wealth Management LLC Lowers Holdings in Oracle Co. (NYSE:ORCL)

Circle Wealth Management LLC lowered its holdings in Oracle Co. (NYSE:ORCL) by 5.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 32,717 shares of the enterprise software provider’s stock after selling 2,058 shares during the period. Circle Wealth Management LLC’s holdings in Oracle were worth $5,452,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Clark Capital Management Group Inc. lifted its stake in Oracle by 6.1% during the fourth quarter. Clark Capital Management Group Inc. now owns 11,614 shares of the enterprise software provider’s stock worth $1,935,000 after purchasing an additional 663 shares in the last quarter. Coastal Bridge Advisors LLC lifted its stake in Oracle by 16.8% during the 4th quarter. Coastal Bridge Advisors LLC now owns 3,511 shares of the enterprise software provider’s stock worth $585,000 after acquiring an additional 504 shares in the last quarter. Deutsche Bank AG boosted its holdings in Oracle by 9.4% during the 4th quarter. Deutsche Bank AG now owns 6,821,083 shares of the enterprise software provider’s stock valued at $1,136,665,000 after acquiring an additional 585,560 shares during the period. Dimension Capital Management LLC grew its position in Oracle by 1.4% in the 4th quarter. Dimension Capital Management LLC now owns 8,483 shares of the enterprise software provider’s stock valued at $1,414,000 after acquiring an additional 116 shares in the last quarter. Finally, Dunhill Financial LLC increased its stake in Oracle by 84.8% during the fourth quarter. Dunhill Financial LLC now owns 1,079 shares of the enterprise software provider’s stock worth $180,000 after purchasing an additional 495 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Performance

Shares of ORCL stock opened at $149.29 on Thursday. 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 stock has a 50 day simple moving average of $142.49 and a 200-day simple moving average of $163.36. The company has a market cap of $417.56 billion, a price-to-earnings ratio of 36.50, a price-to-earnings-growth ratio of 3.46 and a beta of 1.27. Oracle Co. has a 12-month low of $114.55 and a 12-month high of $198.31.

Oracle (NYSE:ORCL) last released its quarterly earnings data 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 business had revenue of $14.13 billion during the quarter, compared to analysts’ expectations of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.41 EPS. On average, equities analysts forecast that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Investors 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 represents a $2.00 dividend on an annualized basis and a yield of 1.34%. This is an increase from Oracle’s previous quarterly dividend of $0.40. Oracle’s payout ratio is currently 46.95%.

Wall Street Analyst Weigh In

ORCL has been the topic of a number of recent research reports. Citigroup cut their price objective on Oracle from $194.00 to $160.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 12th. Barclays decreased their price objective on Oracle from $212.00 to $202.00 and set an “overweight” rating for the company in a research note on Tuesday, March 11th. UBS Group restated a “market perform” rating on shares of Oracle in a research note on Tuesday, March 11th. Royal Bank of Canada set a $145.00 target price on shares of Oracle and gave the company a “sector perform” rating in a report on Tuesday, March 11th. Finally, Guggenheim restated a “buy” rating and issued a $220.00 price objective on shares of Oracle in a report on Thursday, April 3rd. 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 stock. According to MarketBeat, Oracle currently has an average rating of “Moderate Buy” and an average target price of $174.42.

Insiders Place Their Bets

In other Oracle news, Director Leon E. Panetta sold 5,000 shares of Oracle stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $129.77, for a total transaction of $648,850.00. Following the completion of the transaction, the director now owns 58,090 shares in the company, valued at approximately $7,538,339.30. The trade was a 7.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Naomi O. Seligman sold 2,866 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $149.53, for a total transaction of $428,552.98. Following the completion of the sale, the director now owns 31,764 shares in the company, valued at $4,749,670.92. This represents a 8.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,366 shares of company stock worth $4,015,723. 42.20% of the stock is owned by company 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.