Congress Wealth Management LLC DE Sells 1,978 Shares of Oracle Co. (NYSE:ORCL)

Congress Wealth Management LLC DE lowered its position in Oracle Co. (NYSE:ORCL - Free Report) by 1.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 131,107 shares of the enterprise software provider's stock after selling 1,978 shares during the period. Congress Wealth Management LLC DE's holdings in Oracle were worth $21,848,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in ORCL. Raymond James Financial Inc. purchased a new stake in shares of Oracle in the fourth quarter worth approximately $930,095,000. Vanguard Group Inc. grew its holdings in Oracle by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider's stock worth $26,231,127,000 after buying an additional 2,296,069 shares in the last quarter. Polen Capital Management LLC raised its position in Oracle by 22.3% in the 4th quarter. Polen Capital Management LLC now owns 10,723,731 shares of the enterprise software provider's stock valued at $1,787,003,000 after buying an additional 1,955,764 shares during the last quarter. Franklin Resources Inc. lifted its stake in Oracle by 11.6% during the 3rd quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider's stock valued at $3,370,640,000 after acquiring an additional 1,917,416 shares in the last quarter. Finally, State Street Corp boosted its holdings in Oracle by 2.7% during the 3rd quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider's stock worth $12,003,241,000 after acquiring an additional 1,847,561 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

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Oracle Price Performance

Shares of ORCL traded down $1.28 during mid-day trading on Tuesday, reaching $153.59. 8,500,162 shares of the stock traded hands, compared to its average volume of 11,904,371. 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 Co. has a 1 year low of $112.78 and a 1 year high of $198.31. The company has a market cap of $429.58 billion, a price-to-earnings ratio of 37.55, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07. The firm has a fifty day moving average price of $164.89 and a 200 day moving average price of $170.36.

Oracle (NYSE:ORCL - Get Free Report) last announced its earnings results 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 business 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%. Oracle's revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.41 earnings per share. As a group, equities research analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This is a positive change from Oracle's previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a yield of 1.30%. Oracle's payout ratio is 46.95%.

Insider Transactions at Oracle

In other news, CEO Safra Catz sold 2,101,154 shares of the company's stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total value of $389,448,893.90. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares of the company's stock, valued at approximately $207,331,027.20. This represents a 65.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 42.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on ORCL shares. KeyCorp reiterated an "overweight" rating and issued a $200.00 target price on shares of Oracle in a report on Tuesday, March 11th. DA Davidson reaffirmed a "neutral" rating and issued a $150.00 target price on shares of Oracle in a report on Tuesday, March 11th. Stephens initiated coverage on Oracle in a research report on Wednesday, March 19th. They set an "equal weight" rating and a $167.00 price target for the company. StockNews.com cut Oracle from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Finally, Morgan Stanley reduced their price target on shares of Oracle from $175.00 to $170.00 and set an "equal weight" rating for the company in a research report on Tuesday, March 11th. Thirteen equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $179.20.

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.