Obermeyer Wealth Partners Reduces Stake in Oracle Co. (NYSE:ORCL)

Obermeyer Wealth Partners reduced its position in Oracle Co. (NYSE:ORCL - Free Report) by 6.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 165,042 shares of the enterprise software provider's stock after selling 10,839 shares during the quarter. Oracle comprises approximately 1.4% of Obermeyer Wealth Partners' portfolio, making the stock its 25th biggest position. Obermeyer Wealth Partners' holdings in Oracle were worth $27,503,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. R Squared Ltd acquired a new stake in Oracle in the fourth quarter valued at $25,000. Winch Advisory Services LLC boosted its stake in shares of Oracle by 89.7% during the 4th 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 during the last quarter. Hurley Capital LLC acquired a new stake in shares of Oracle during the fourth quarter worth $33,000. Synergy Investment Management LLC purchased a new position in shares of Oracle during the 4th quarter worth about $34,000. Finally, TFC Financial Management Inc. boosted its holdings in Oracle by 129.0% in the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider's stock valued at $35,000 after acquiring an additional 120 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

Insider Activity

In other news, Director Leon E. Panetta sold 17,500 shares of the stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $151.24, for a total value of $2,646,700.00. Following the completion of the transaction, the director now directly owns 58,090 shares in the company, valued at $8,785,531.60. This trade represents a 23.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Naomi O. Seligman sold 2,000 shares of the stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total value of $291,620.00. Following the completion of the sale, the director now owns 34,630 shares of the company's stock, valued at $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 valued at $4,015,723 in the last ninety days. Company insiders own 42.20% of the company's stock.

Oracle Price Performance

NYSE:ORCL opened at $157.18 on Tuesday. 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 Co. has a 52 week low of $114.55 and a 52 week high of $198.31. The stock's 50-day moving average price is $142.02 and its 200-day moving average price is $162.76. The stock has a market capitalization of $439.62 billion, a PE ratio of 38.43, a price-to-earnings-growth ratio of 3.46 and a beta of 1.27.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts' consensus estimates of $1.49 by ($0.02). The company 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 firm's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.41 EPS. As a group, equities analysts expect that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th were issued a $0.50 dividend. This is a boost from Oracle's previous quarterly dividend of $0.40. The ex-dividend date was Thursday, April 10th. This represents a $2.00 annualized dividend and a yield of 1.27%. Oracle's payout ratio is 46.95%.

Analysts Set New Price Targets

ORCL has been the subject of a number of research analyst reports. JMP Securities restated a "market outperform" rating and issued a $205.00 price target on shares of Oracle in a research note on Wednesday, January 22nd. UBS Group reaffirmed a "market perform" rating on shares of Oracle in a report on Tuesday, March 11th. DA Davidson decreased their price objective on shares of Oracle from $150.00 to $140.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Royal Bank of Canada set a $145.00 price objective on shares of Oracle and gave the company a "sector perform" rating in a research report on Tuesday, March 11th. Finally, Cantor Fitzgerald lowered their target price on shares of Oracle from $214.00 to $175.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 11th. Fourteen analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $174.42.

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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