Oracle Co. (NYSE:ORCL) Holdings Trimmed by Laird Norton Wetherby Wealth Management LLC

Laird Norton Wetherby Wealth Management LLC decreased its stake in Oracle Co. (NYSE:ORCL - Free Report) by 3.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 57,838 shares of the enterprise software provider's stock after selling 2,311 shares during the quarter. Laird Norton Wetherby Wealth Management LLC's holdings in Oracle were worth $9,638,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. R Squared Ltd acquired a new position in Oracle during the 4th quarter valued at about $25,000. Winch Advisory Services LLC boosted its position in Oracle by 89.7% during the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider's stock worth $31,000 after purchasing an additional 87 shares in the last quarter. Hurley Capital LLC purchased a new position in Oracle during the fourth quarter worth approximately $33,000. Synergy Investment Management LLC purchased a new position in Oracle during the fourth quarter worth approximately $34,000. Finally, TFC Financial Management Inc. boosted its position in Oracle by 129.0% during the fourth 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. Hedge funds and other institutional investors own 42.44% of the company's stock.

Insider Activity

In other news, Director Leon E. Panetta sold 5,000 shares of Oracle 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 owns 58,090 shares of the company's stock, valued at approximately $7,538,339.30. The trade was a 7.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Naomi O. Seligman sold 2,000 shares of the business's stock in a transaction that occurred 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 sale, the director now directly owns 34,630 shares in the company, valued at approximately $5,049,400.30. The trade was a 5.46% decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,366 shares of company stock worth $4,015,723 over the last ninety days. Corporate insiders own 42.20% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Citigroup reduced their target price on Oracle from $194.00 to $160.00 and set a "neutral" rating for the company in a report on Wednesday, March 12th. JMP Securities reissued a "market outperform" rating and set a $205.00 target price on shares of Oracle in a report on Wednesday, January 22nd. JPMorgan Chase & Co. reduced their target price on Oracle from $140.00 to $135.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. Jefferies Financial Group reduced their target price on Oracle from $220.00 to $190.00 and set a "buy" rating for the company in a report on Monday, March 31st. Finally, Monness Crespi & Hardt raised Oracle from a "sell" rating to a "neutral" rating in a report on Monday, March 3rd. Fourteen research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Oracle has a consensus rating of "Moderate Buy" and a consensus price target of $174.42.

Oracle Trading Up 0.1%

Shares of Oracle stock traded up $0.17 during trading hours on Wednesday, reaching $162.44. 7,495,586 shares of the company's stock were exchanged, compared to its average volume of 9,438,959. Oracle Co. has a 52-week low of $114.55 and a 52-week high of $198.31. The firm has a market capitalization of $454.34 billion, a price-to-earnings ratio of 39.72, a price-to-earnings-growth ratio of 3.46 and a beta of 1.27. The company has a fifty day moving average of $142.26 and a 200-day moving average of $162.76. 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 quarterly earnings data 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). The firm had revenue of $14.13 billion for the quarter, compared to analyst estimates 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 previous year, the company earned $1.41 earnings per share. Sell-side analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th were issued a $0.50 dividend. This is an increase from Oracle's previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend was Thursday, April 10th. Oracle's dividend payout ratio is currently 46.95%.

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.