Schaper Benz & Wise Investment Counsel Inc. WI Sells 910 Shares of Oracle Co. (NYSE:ORCL)

Schaper Benz & Wise Investment Counsel Inc. WI lowered its holdings in shares of Oracle Co. (NYSE:ORCL) by 0.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 164,761 shares of the enterprise software provider’s stock after selling 910 shares during the period. Oracle comprises 1.9% of Schaper Benz & Wise Investment Counsel Inc. WI’s holdings, making the stock its 16th largest holding. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in Oracle were worth $23,035,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Sunbeam Capital Management LLC acquired a new stake in shares of Oracle during the fourth quarter worth $30,000. Hurley Capital LLC acquired a new stake in Oracle in the fourth quarter worth $33,000. Synergy Investment Management LLC acquired a new stake in Oracle in the fourth quarter worth $34,000. Mpwm Advisory Solutions LLC acquired a new stake in Oracle in the fourth quarter worth $36,000. Finally, Fourth Dimension Wealth LLC acquired a new stake in Oracle in the fourth quarter worth $36,000. Institutional investors own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Jefferies Financial Group lifted their price objective on shares of Oracle from $190.00 to $200.00 and gave the company a “buy” rating in a report on Monday, June 9th. Monness Crespi & Hardt upgraded shares of Oracle from a “sell” rating to a “neutral” rating in a report on Monday, March 3rd. Stephens assumed coverage on shares of Oracle in a report on Wednesday, March 19th. They set an “equal weight” rating and a $167.00 price objective for the company. Bank of America lifted their price objective on shares of Oracle from $156.00 to $220.00 and gave the company a “neutral” rating in a report on Thursday, June 12th. Finally, DA Davidson lifted their price objective on shares of Oracle from $140.00 to $170.00 and gave the company a “neutral” rating in a report on Thursday, June 12th. Eleven investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Oracle has an average rating of “Moderate Buy” and a consensus target price of $194.32.

Insider Activity at Oracle

In other Oracle news, Director Naomi O. Seligman sold 2,000 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total transaction of $291,620.00. Following 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Leon E. Panetta sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $129.77, for a total transaction of $648,850.00. Following the sale, the director now owns 58,090 shares in the company, 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. In the last ninety days, insiders have sold 427,366 shares of company stock worth $80,183,723. Company insiders own 42.20% of the company’s stock.

Oracle Price Performance

Oracle stock opened at $210.94 on Tuesday. The company’s fifty day moving average price is $154.61 and its 200 day moving average price is $160.49. Oracle Co. has a 1 year low of $118.86 and a 1 year high of $216.60. The stock has a market capitalization of $589.98 billion, a P/E ratio of 51.57, a P/E/G ratio of 3.46 and a beta of 1.32. 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 (NYSE:ORCL) last announced its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.06. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company had revenue of $15.90 billion for the quarter, compared to analysts’ expectations of $15.58 billion. During the same quarter in the previous year, the company posted $1.63 EPS. The firm’s quarterly revenue was up 11.3% on a year-over-year basis. As a group, equities research analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be issued a $0.50 dividend. The ex-dividend date is Thursday, July 10th. This represents a $2.00 annualized dividend and a yield of 0.95%. Oracle’s dividend payout ratio (DPR) is currently 46.08%.

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.