Wealth Architects LLC Has $611,000 Stock Position in Oracle Co. (NYSE:ORCL)

Wealth Architects LLC cut its stake in Oracle Co. (NYSE:ORCL) by 14.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,668 shares of the enterprise software provider’s stock after selling 620 shares during the period. Wealth Architects LLC’s holdings in Oracle were worth $611,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Howard Capital Management Group LLC grew its holdings in shares of Oracle by 12.4% during the 3rd 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 in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Oracle by 5.3% during the third quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock valued at $411,748,000 after purchasing an additional 121,874 shares in the last quarter. United Bank boosted its stake in shares of Oracle by 4.8% during the third quarter. United Bank now owns 11,430 shares of the enterprise software provider’s stock valued at $1,948,000 after purchasing an additional 519 shares in the last quarter. Accredited Investors Inc. raised its position in shares of Oracle by 3.9% during the third quarter. Accredited Investors Inc. now owns 10,575 shares of the enterprise software provider’s stock worth $1,802,000 after acquiring an additional 398 shares during the last quarter. Finally, Schear Investment Advisers LLC bought a new position in shares of Oracle during the third quarter worth about $1,265,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Trading Up 1.2 %

ORCL stock opened at $149.36 on Monday. 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 business’s 50-day moving average is $165.80 and its 200 day moving average is $169.85. Oracle Co. has a 12-month low of $112.78 and a 12-month high of $198.31. The stock has a market cap of $417.76 billion, a price-to-earnings ratio of 36.52, a PEG ratio of 3.46 and a beta of 1.07.

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

Oracle Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be given a $0.50 dividend. The ex-dividend date is Thursday, April 10th. This is a boost from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a yield of 1.34%. Oracle’s payout ratio is 46.95%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. UBS Group reiterated a “market perform” rating on shares of Oracle in a report on Tuesday, March 11th. Mizuho boosted 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. BNP Paribas raised Oracle to a “strong-buy” rating in a research report on Tuesday, December 10th. Bank of America lowered their target price on Oracle from $195.00 to $175.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 11th. Finally, Guggenheim restated a “buy” rating and issued a $220.00 target price on shares of Oracle in a research note on Wednesday, March 5th. Twelve research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $179.71.

Insider Activity

In other Oracle news, CEO Safra Catz sold 345,174 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $207,565,931.52. This represents a 23.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 42.20% of the company’s stock.

Oracle 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.