1900 Wealth Management LLC Trims Holdings in Oracle Co. (NYSE:ORCL)

1900 Wealth Management LLC lowered its position in shares of Oracle Co. (NYSE:ORCL - Free Report) by 78.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,585 shares of the enterprise software provider's stock after selling 13,279 shares during the quarter. 1900 Wealth Management LLC's holdings in Oracle were worth $450,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Westend Capital Management LLC purchased a new position in Oracle during the 1st quarter worth $25,000. Orion Capital Management LLC purchased a new position in shares of Oracle in the 3rd quarter valued at about $25,000. Ritter Daniher Financial Advisory LLC DE increased its holdings in shares of Oracle by 298.4% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider's stock valued at $26,000 after purchasing an additional 182 shares in the last quarter. Spartan Planning & Wealth Management purchased a new position in shares of Oracle in the 3rd quarter valued at about $27,000. Finally, Tidemark LLC purchased a new position in shares of Oracle in the 4th quarter valued at about $29,000. Hedge funds and other institutional investors own 42.44% of the company's stock.

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 790,000 shares of Oracle stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the transaction, the chief executive officer now owns 1,118,592 shares of the company's stock, valued at approximately $141,546,631.68. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Safra Catz sold 790,000 shares of the business's stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total value of $99,966,600.00. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares of the company's stock, valued at approximately $141,546,631.68. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director George H. Conrades sold 20,000 shares of the business's stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $116.00, for a total value of $2,320,000.00. Following the completion of the sale, the director now directly owns 17,836 shares of the company's stock, valued at approximately $2,068,976. The disclosure for this sale can be found here. Insiders have sold a total of 880,000 shares of company stock valued at $110,488,150 in the last 90 days. 42.80% of the stock is currently owned by corporate insiders.

Oracle Price Performance

Oracle stock traded down $0.02 during midday trading on Wednesday, hitting $124.61. The company's stock had a trading volume of 5,702,393 shares, compared to its average volume of 8,028,616. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34. The stock's 50-day moving average price is $121.40 and its 200-day moving average price is $114.83. Oracle Co. has a 12 month low of $97.29 and a 12 month high of $132.77. The company has a market capitalization of $342.49 billion, a PE ratio of 32.88, a price-to-earnings-growth ratio of 2.50 and a beta of 1.03.

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

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th were paid a dividend of $0.40 per share. The ex-dividend date was Tuesday, April 9th. This represents a $1.60 annualized dividend and a yield of 1.28%. Oracle's dividend payout ratio (DPR) is presently 42.22%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. HSBC increased their price objective on shares of Oracle from $144.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, March 13th. Argus raised shares of Oracle from a "hold" rating to a "buy" rating in a research note on Thursday, March 14th. Oppenheimer assumed coverage on shares of Oracle in a research note on Thursday, April 18th. They issued a "market perform" rating on the stock. William Blair raised shares of Oracle from a "market perform" rating to an "outperform" rating in a research note on Tuesday, March 12th. Finally, BMO Capital Markets increased their price objective on shares of Oracle from $126.00 to $142.00 and gave the company a "market perform" rating in a research note on Tuesday, March 12th. Ten analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, Oracle has an average rating of "Moderate Buy" and a consensus price target of $130.76.

Oracle Company 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.

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