Aaron Wealth Advisors LLC Sells 19,813 Shares of Oracle Co. (NYSE:ORCL)

Aaron Wealth Advisors LLC lowered its holdings in shares of Oracle Co. (NYSE:ORCL - Free Report) by 57.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 14,393 shares of the enterprise software provider's stock after selling 19,813 shares during the period. Aaron Wealth Advisors LLC's holdings in Oracle were worth $1,517,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of ORCL. Orion Capital Management LLC bought a new stake in shares of Oracle during the third quarter worth approximately $25,000. Ritter Daniher Financial Advisory LLC DE boosted its holdings in shares of Oracle by 298.4% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider's stock worth $26,000 after acquiring an additional 182 shares during the period. Spartan Planning & Wealth Management bought a new stake in shares of Oracle during the third quarter worth approximately $27,000. Cornerstone Planning Group LLC boosted its holdings in shares of Oracle by 1,268.0% during the third quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider's stock worth $36,000 after acquiring an additional 317 shares during the period. Finally, Studio Investment Management LLC bought a new stake in shares of Oracle during the fourth quarter worth approximately $42,000. Institutional investors own 42.44% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on ORCL. Wolfe Research cut their price target on Oracle from $140.00 to $130.00 and set an "outperform" rating for the company in a research note on Tuesday, December 12th. Argus upgraded Oracle from a "hold" rating to a "buy" rating in a research note on Thursday, March 14th. BMO Capital Markets boosted their price target on Oracle from $126.00 to $142.00 and gave the company a "market perform" rating in a research note on Tuesday, March 12th. Morgan Stanley lowered their price objective on shares of Oracle from $107.00 to $106.00 and set an "equal weight" rating for the company in a research report on Tuesday, December 12th. Finally, Evercore ISI lowered their price objective on shares of Oracle from $135.00 to $130.00 and set an "outperform" rating for the company in a research report on Tuesday, December 12th. Ten investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $130.76.

Insider Transactions at Oracle

In other news, CEO Safra Catz sold 790,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 42.80% of the stock is currently owned by company insiders.

Oracle Stock Down 1.2 %

Shares of ORCL stock traded down $1.51 on Wednesday, reaching $121.72. 4,505,951 shares of the company were exchanged, compared to its average volume of 8,800,854. The company has a market cap of $334.55 billion, a price-to-earnings ratio of 32.12, a PEG ratio of 2.41 and a beta of 1.01. The company has a 50-day moving average of $118.82 and a 200-day moving average of $112.26. The company has a debt-to-equity ratio of 13.34, a current ratio of 0.85 and a quick ratio of 0.85. Oracle Co. has a one year low of $93.20 and a one year high of $132.77.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.37 by $0.04. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The company had revenue of $13.28 billion for the quarter, compared to analysts' expectations of $13.29 billion. During the same quarter in the prior year, the firm earned $0.96 EPS. The business's revenue was up 7.1% on a year-over-year basis. Analysts anticipate that Oracle Co. will post 4.44 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.60 annualized dividend and a yield of 1.31%. Oracle's dividend payout ratio (DPR) is 42.22%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.