Tanager Wealth Management LLP Sells 104 Shares of Oracle Co. (NYSE:ORCL)

Tanager Wealth Management LLP cut its position in Oracle Co. (NYSE:ORCL) by 4.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,146 shares of the enterprise software provider’s stock after selling 104 shares during the period. Tanager Wealth Management LLP’s holdings in Oracle were worth $366,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fairway Wealth LLC acquired a new stake in Oracle during the 2nd quarter worth $27,000. POM Investment Strategies LLC acquired a new stake in shares of Oracle during the second quarter worth about $30,000. Bbjs Financial Advisors LLC bought a new position in shares of Oracle during the 2nd quarter valued at about $35,000. Koesten Hirschmann & Crabtree INC. acquired a new position in shares of Oracle in the 1st quarter valued at approximately $38,000. Finally, Redmont Wealth Advisors LLC acquired a new position in shares of Oracle in the 1st quarter valued at approximately $40,000. 42.44% of the stock is owned by institutional investors.

Insider Transactions at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the sale, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at $7,076,685. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 42.20% of the stock is owned by corporate insiders.

Oracle Price Performance

ORCL opened at $173.10 on Thursday. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $178.61. The firm has a 50-day moving average of $158.68 and a 200 day moving average of $139.61. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a market cap of $479.67 billion, a P/E ratio of 44.61, a PEG ratio of 3.22 and a beta of 1.01.

Oracle (NYSE:ORCL) last released its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. The firm had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The company’s revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.95 EPS. On average, research analysts expect that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.92%. Oracle’s dividend payout ratio is presently 41.24%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of Oracle from $110.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. Evercore ISI lifted their price target on Oracle from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Jefferies Financial Group upped their price objective on Oracle from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. Stifel Nicolaus lifted their target price on Oracle from $135.00 to $155.00 and gave the company a “hold” rating in a research report on Tuesday, September 10th. Finally, TD Cowen increased their target price on shares of Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. Eleven research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and a consensus price target of $168.52.

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.