Drucker Wealth 3.0 LLC Trims Position in Oracle Co. (NYSE:ORCL)

Drucker Wealth 3.0 LLC trimmed its holdings in Oracle Co. (NYSE:ORCL - Free Report) by 13.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,601 shares of the enterprise software provider's stock after selling 2,047 shares during the quarter. Drucker Wealth 3.0 LLC's holdings in Oracle were worth $2,266,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in ORCL. Norges Bank purchased a new stake in shares of Oracle in the 4th quarter valued at approximately $2,216,314,000. Raymond James Financial Inc. purchased a new stake in shares of Oracle during the 4th quarter valued at approximately $930,095,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Oracle by 20.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,825,360 shares of the enterprise software provider's stock valued at $2,303,858,000 after acquiring an additional 2,350,448 shares during the last quarter. Vanguard Group Inc. grew its position in Oracle by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider's stock worth $26,231,127,000 after acquiring an additional 2,296,069 shares during the period. Finally, Kovitz Investment Group Partners LLC increased its stake in Oracle by 268.4% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 3,077,947 shares of the enterprise software provider's stock worth $512,909,000 after acquiring an additional 2,242,520 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ORCL has been the topic of several recent analyst reports. Wall Street Zen lowered Oracle from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Citigroup decreased their target price on shares of Oracle from $194.00 to $160.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 12th. UBS Group reaffirmed a "market perform" rating on shares of Oracle in a research note on Tuesday, March 11th. Stifel Nicolaus reduced their price target on shares of Oracle from $175.00 to $150.00 and set a "hold" rating on the stock in a research note on Tuesday, March 11th. Finally, Guggenheim reaffirmed a "buy" rating and set a $220.00 price objective on shares of Oracle in a research report on Thursday, April 3rd. Fourteen research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Oracle currently has a consensus rating of "Moderate Buy" and a consensus target price of $174.42.

Insider Activity

In related news, Director Leon E. Panetta sold 5,000 shares of the business's stock in a transaction on Friday, April 11th. The shares were sold at an average price of $129.77, for a total value of $648,850.00. Following the completion of the sale, the director now directly owns 58,090 shares of the company's stock, valued at $7,538,339.30. The trade was a 7.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Naomi O. Seligman sold 2,866 shares of Oracle stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $149.53, for a total value of $428,552.98. Following the sale, the director now owns 31,764 shares in the company, valued at $4,749,670.92. This trade represents a 8.28% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,366 shares of company stock worth $4,015,723. 42.20% of the stock is currently owned by insiders.

Oracle Stock Down 0.0%

Oracle stock traded down $0.06 during trading on Wednesday, reaching $161.85. The stock had a trading volume of 2,090,569 shares, compared to its average volume of 9,470,525. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a 52-week low of $114.55 and a 52-week high of $198.31. The stock has a market cap of $452.70 billion, a PE ratio of 39.56, a P/E/G ratio of 3.46 and a beta of 1.27. The business has a 50 day moving average price of $143.94 and a 200 day moving average price of $161.60.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. Oracle's revenue for the quarter was up 6.4% on a year-over-year basis. During the same period last year, the firm posted $1.41 earnings per share. On average, analysts predict that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th were given a dividend of $0.50 per share. This is a boost from Oracle's previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a dividend yield of 1.24%. The ex-dividend date was Thursday, April 10th. Oracle's dividend payout ratio is currently 46.95%.

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.