Western Wealth Management LLC Trims Position in Oracle Co. (NYSE:ORCL)

Western Wealth Management LLC trimmed its position in Oracle Co. (NYSE:ORCL - Free Report) by 53.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 5,573 shares of the enterprise software provider's stock after selling 6,511 shares during the period. Western Wealth Management LLC's holdings in Oracle were worth $929,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new position in Oracle in the fourth quarter valued at approximately $25,000. Hurley Capital LLC purchased a new position in shares of Oracle in the fourth quarter valued at $33,000. Synergy Investment Management LLC bought a new stake in shares of Oracle during the 4th quarter valued at $34,000. TFC Financial Management Inc. lifted its holdings in Oracle by 129.0% during the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider's stock worth $35,000 after purchasing an additional 120 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC bought a new position in Oracle in the 4th quarter worth about $36,000. Hedge funds and other institutional investors own 42.44% of the company's stock.

Oracle Stock Up 3.9%

Shares of NYSE ORCL traded up $6.09 during midday trading on Tuesday, hitting $162.06. The stock had a trading volume of 3,524,283 shares, compared to its average volume of 10,893,356. The business's 50 day moving average is $143.76 and its 200-day moving average is $161.60. The company has a market cap of $453.27 billion, a P/E ratio of 39.63, a PEG ratio of 3.46 and a beta of 1.27. Oracle Co. has a 52 week low of $114.55 and a 52 week high of $198.31. 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 (NYSE:ORCL - Get Free Report) last issued 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 the consensus estimate of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company's quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.41 EPS. As a group, analysts predict 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. Investors of record on Thursday, April 10th were given a dividend of $0.50 per share. This is an increase from Oracle's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $2.00 dividend on an annualized basis and a yield of 1.23%. Oracle's dividend payout ratio is 46.95%.

Insider Activity at Oracle

In other Oracle news, Director Leon E. Panetta sold 5,000 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 58,090 shares in the company, valued at approximately $7,538,339.30. This trade represents a 7.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Naomi O. Seligman sold 2,866 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $149.53, for a total transaction of $428,552.98. Following the completion of the transaction, the director now owns 31,764 shares in the company, valued at $4,749,670.92. The trade was a 8.28% decrease in their ownership of the stock. 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 quarter. Company insiders own 42.20% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on ORCL shares. Jefferies Financial Group cut their price target on shares of Oracle from $220.00 to $190.00 and set a "buy" rating for the company in a report on Monday, March 31st. BMO Capital Markets decreased their price objective on shares of Oracle from $205.00 to $175.00 and set a "market perform" rating on the stock in a research report on Tuesday, March 11th. Citigroup dropped their target price on shares of Oracle from $194.00 to $160.00 and set a "neutral" rating for the company in a research report on Wednesday, March 12th. Wall Street Zen lowered shares of Oracle from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th. Finally, Monness Crespi & Hardt raised shares of Oracle from a "sell" rating to a "neutral" rating in a report on Monday, March 3rd. Fourteen analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Oracle presently has an average rating of "Moderate Buy" and an average target price of $174.42.

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.