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

Circle Wealth Management LLC lowered its stake in shares of Oracle Co. (NYSE:ORCL - Free Report) by 5.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Requisite Capital Management LLC raised its stake in Oracle by 2.8% during the fourth quarter. Requisite Capital Management LLC now owns 2,240 shares of the enterprise software provider's stock valued at $373,000 after purchasing an additional 60 shares in the last quarter. Cookson Peirce & Co. Inc. increased its stake in Oracle by 4.4% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider's stock worth $237,000 after acquiring an additional 60 shares during the last quarter. McLean Asset Management Corp raised its position in Oracle by 1.1% during the fourth quarter. McLean Asset Management Corp now owns 5,447 shares of the enterprise software provider's stock valued at $908,000 after purchasing an additional 61 shares during the period. Warther Private Wealth LLC lifted its stake in shares of Oracle by 1.8% in the 4th quarter. Warther Private Wealth LLC now owns 3,621 shares of the enterprise software provider's stock valued at $603,000 after purchasing an additional 63 shares during the last quarter. Finally, Howard Bailey Securities LLC boosted its holdings in shares of Oracle by 2.9% in the 4th quarter. Howard Bailey Securities LLC now owns 2,274 shares of the enterprise software provider's stock worth $379,000 after purchasing an additional 64 shares during the period. Hedge funds and other institutional investors own 42.44% of the company's stock.

Oracle Stock Up 1.1 %

NYSE:ORCL opened at $149.29 on Thursday. The company's 50 day moving average is $142.49 and its two-hundred day moving average is $163.36. The company has a market cap of $417.56 billion, a PE ratio of 36.50, a P/E/G ratio of 3.46 and a beta of 1.27. Oracle Co. has a twelve month low of $114.55 and a twelve month high of $198.31. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL - Get Free Report) last released its earnings results 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 firm had revenue of $14.13 billion during the quarter, compared to analyst estimates of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. Oracle's revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.41 earnings per share. Analysts anticipate 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. Shareholders of record on Thursday, April 10th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.34%. This is an increase from Oracle's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Thursday, April 10th. Oracle's dividend payout ratio (DPR) is presently 46.95%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. JMP Securities restated a "market outperform" rating and issued a $205.00 price target on shares of Oracle in a research report on Wednesday, January 22nd. Guggenheim reaffirmed a "buy" rating and set a $220.00 price target on shares of Oracle in a research note on Thursday, April 3rd. Mizuho reduced their price objective on shares of Oracle from $210.00 to $180.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Monness Crespi & Hardt upgraded Oracle from a "sell" rating to a "neutral" rating in a research report on Monday, March 3rd. Finally, JPMorgan Chase & Co. reduced their price target on Oracle from $140.00 to $135.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th. Fourteen 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $174.42.

Insider Activity

In related news, Director Naomi O. Seligman sold 2,000 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total value of $291,620.00. Following the completion of the transaction, the director now directly owns 34,630 shares of the company's stock, valued at approximately $5,049,400.30. This represents a 5.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Leon E. Panetta sold 17,500 shares of Oracle stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the sale, the director now directly owns 58,090 shares in the company, valued at approximately $8,785,531.60. This trade represents a 23.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 27,366 shares of company stock worth $4,015,723 over the last 90 days. 42.20% of the stock is currently 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.

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