King Wealth Management Group Sells 1,414 Shares of Oracle Co. (NYSE:ORCL)

King Wealth Management Group lessened its position in shares of Oracle Co. (NYSE:ORCL) by 6.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,195 shares of the enterprise software provider’s stock after selling 1,414 shares during the quarter. King Wealth Management Group’s holdings in Oracle were worth $3,365,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Howard Capital Management Group LLC raised its holdings in Oracle by 12.4% in the third quarter. Howard Capital Management Group LLC now owns 8,019 shares of the enterprise software provider’s stock worth $1,366,000 after purchasing an additional 883 shares during the period. Impax Asset Management Group plc grew its stake in shares of Oracle by 2.3% during the 3rd quarter. Impax Asset Management Group plc now owns 2,325,268 shares of the enterprise software provider’s stock worth $395,295,000 after acquiring an additional 53,128 shares in the last quarter. Principal Financial Group Inc. increased its stake 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 buying an additional 121,874 shares during the last quarter. United Bank raised its holdings in Oracle by 4.8% during the third quarter. United Bank now owns 11,430 shares of the enterprise software provider’s stock worth $1,948,000 after acquiring an additional 519 shares in the last quarter. Finally, Assetmark Inc. boosted its holdings in shares of Oracle by 7.5% in the 3rd quarter. Assetmark Inc. now owns 10,767 shares of the enterprise software provider’s stock valued at $1,835,000 after buying an additional 747 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analyst Ratings Changes

ORCL has been the subject of a number of research analyst reports. Royal Bank of Canada set a $145.00 price target on Oracle and gave the stock a “sector perform” rating in a report on Tuesday. BNP Paribas raised Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. Morgan Stanley dropped their price objective on Oracle from $175.00 to $170.00 and set an “equal weight” rating for the company in a research report on Tuesday. UBS Group restated a “market perform” rating on shares of Oracle in a research report on Tuesday. Finally, Mizuho raised their price objective on Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Twelve investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $179.71.

Insider Transactions at Oracle

In other news, CEO Safra Catz sold 345,174 shares of Oracle stock in a transaction 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 sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $207,565,931.52. The trade was a 23.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 42.20% of the company’s stock.

Oracle Trading Down 2.3 %

NYSE ORCL opened at $147.41 on Friday. The business’s fifty day moving average is $166.14 and its 200-day moving average is $169.34. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. Oracle Co. has a one year low of $112.78 and a one year high of $198.31. The stock has a market capitalization of $412.30 billion, a price-to-earnings ratio of 36.04, a PEG ratio of 3.46 and a beta of 1.07.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 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 the consensus estimate 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 period last year, the business posted $1.41 earnings per share. Equities research analysts predict that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date is Thursday, April 10th. This is a positive change from Oracle’s previous quarterly dividend of $0.40. Oracle’s dividend payout ratio is 39.12%.

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.