WCG Wealth Advisors LLC Has $8.42 Million Holdings in Oracle Co. (NYSE:ORCL)

WCG Wealth Advisors LLC trimmed its position in shares of Oracle Co. (NYSE:ORCL - Free Report) by 11.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,522 shares of the enterprise software provider's stock after selling 6,378 shares during the period. WCG Wealth Advisors LLC's holdings in Oracle were worth $8,419,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. McClarren Financial Advisors Inc. raised its holdings in Oracle by 201.7% during the fourth quarter. McClarren Financial Advisors Inc. now owns 1,599 shares of the enterprise software provider's stock valued at $266,000 after buying an additional 1,069 shares in the last quarter. Foundations Investment Advisors LLC grew its position in shares of Oracle by 24.8% in the fourth quarter. Foundations Investment Advisors LLC now owns 164,593 shares of the enterprise software provider's stock valued at $27,428,000 after purchasing an additional 32,718 shares during the last quarter. Crews Bank & Trust acquired a new stake in shares of Oracle in the fourth quarter valued at about $1,800,000. Boston Trust Walden Corp grew its position in shares of Oracle by 40.8% in the fourth quarter. Boston Trust Walden Corp now owns 564,030 shares of the enterprise software provider's stock valued at $93,990,000 after purchasing an additional 163,543 shares during the last quarter. Finally, CENTRAL TRUST Co grew its position in shares of Oracle by 10.8% in the fourth quarter. CENTRAL TRUST Co now owns 43,851 shares of the enterprise software provider's stock valued at $7,307,000 after purchasing an additional 4,259 shares during the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Naomi O. Seligman sold 2,866 shares of the company's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $149.53, for a total value of $428,552.98. Following the sale, the director now directly 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 sale 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 company's stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $129.77, for a total transaction of $648,850.00. Following the completion of the sale, the director now directly owns 58,090 shares in the company, valued at approximately $7,538,339.30. The trade was a 7.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,366 shares of company stock valued at $4,015,723. Company insiders own 42.20% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on ORCL shares. DA Davidson lowered their price target on Oracle from $150.00 to $140.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Evercore ISI lowered their price target on Oracle from $200.00 to $185.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 11th. Jefferies Financial Group decreased their target price on Oracle from $220.00 to $190.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Morgan Stanley decreased their target price on Oracle from $170.00 to $160.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Finally, Bank of America decreased their target price on Oracle from $195.00 to $175.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 11th. Fourteen 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 stock. According to MarketBeat, Oracle presently has a consensus rating of "Moderate Buy" and a consensus price target of $174.42.

Oracle Trading Up 3.9%

ORCL traded up $6.09 during trading on Tuesday, reaching $162.06. 3,524,283 shares of the company's stock were exchanged, compared to its average volume of 9,486,624. The company's fifty day moving average price is $143.76 and its 200-day moving average price is $161.60. 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 Co. has a fifty-two week low of $114.55 and a fifty-two week high of $198.31. The firm has a market capitalization of $453.27 billion, a PE ratio of 39.63, a P/E/G ratio of 3.46 and a beta of 1.27.

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

Oracle Increases Dividend

The business 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. The ex-dividend date was Thursday, April 10th. This is a positive change from Oracle's previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a yield of 1.23%. Oracle's dividend 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.