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

Drucker Wealth 3.0 LLC decreased its position in shares of Oracle Co. (NYSE:ORCL - Free Report) by 13.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,601 shares of the enterprise software provider's stock after selling 2,047 shares during the period. 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 also recently added to or reduced their stakes in ORCL. R Squared Ltd acquired a new position in Oracle during the fourth quarter worth approximately $25,000. Hurley Capital LLC purchased a new position in shares of Oracle in the 4th quarter valued at approximately $33,000. Synergy Investment Management LLC purchased a new position in shares of Oracle in the 4th quarter valued at approximately $34,000. TFC Financial Management Inc. grew its stake in shares of Oracle by 129.0% in the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider's stock valued at $35,000 after purchasing an additional 120 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC purchased a new position in shares of Oracle in the 4th quarter valued at approximately $36,000. Institutional investors and hedge funds own 42.44% of the company's stock.

Analyst Upgrades and Downgrades

ORCL has been the topic of several analyst reports. Stifel Nicolaus lowered their target price on Oracle from $175.00 to $150.00 and set a "hold" rating on the stock in a research note on Tuesday, March 11th. Westpark Capital initiated coverage on Oracle in a research note on Tuesday, April 1st. They issued a "buy" rating and a $195.00 target price on the stock. Monness Crespi & Hardt upgraded Oracle from a "sell" rating to a "neutral" rating in a research note on Monday, March 3rd. DA Davidson lowered their target price on Oracle from $150.00 to $140.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Finally, Guggenheim restated a "buy" rating and issued a $220.00 price target on shares of Oracle in a research note on Thursday, April 3rd. Fourteen investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $174.42.

Insider Activity at Oracle

In related news, Director Naomi O. Seligman sold 2,866 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $149.53, for a total transaction of $428,552.98. Following the completion of the sale, the director now owns 31,764 shares of the company's stock, valued at approximately $4,749,670.92. This represents a 8.28% 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 5,000 shares of the stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $129.77, for a total transaction of $648,850.00. Following the sale, the director now directly owns 58,090 shares of the company's stock, valued at approximately $7,538,339.30. This trade represents a 7.93% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,366 shares of company stock valued at $4,015,723. 42.20% of the stock is owned by insiders.

Oracle Price Performance

Oracle stock traded up $5.87 during midday trading on Tuesday, reaching $161.84. 6,962,118 shares of the company were exchanged, compared to its average volume of 10,918,259. The company has a market capitalization of $452.66 billion, a price-to-earnings ratio of 39.57, a P/E/G ratio of 3.46 and a beta of 1.27. The firm's 50-day simple moving average is $143.76 and its 200-day simple moving average is $161.60. Oracle Co. has a 1 year low of $114.55 and a 1 year high of $198.31. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81.

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

Oracle Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th were paid a $0.50 dividend. This is an increase from Oracle's previous quarterly dividend of $0.40. The ex-dividend date was Thursday, April 10th. This represents a $2.00 annualized dividend and a yield of 1.24%. Oracle's payout ratio is presently 46.95%.

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.