Foster & Motley Inc. Sells 6,508 Shares of Oracle Co. (NYSE:ORCL)

Foster & Motley Inc. decreased its position in Oracle Co. (NYSE:ORCL - Free Report) by 5.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 104,584 shares of the enterprise software provider's stock after selling 6,508 shares during the quarter. Oracle makes up approximately 1.1% of Foster & Motley Inc.'s portfolio, making the stock its 16th largest holding. Foster & Motley Inc.'s holdings in Oracle were worth $17,428,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in ORCL. Activest Wealth Management raised its position in Oracle by 21.9% in the third quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider's stock worth $53,000 after purchasing an additional 56 shares in the last quarter. Second Line Capital LLC lifted its position in shares of Oracle by 1.5% during the 3rd quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider's stock worth $650,000 after buying an additional 58 shares during the period. Cadence Bank boosted its stake in Oracle by 0.8% in the 3rd quarter. Cadence Bank now owns 7,605 shares of the enterprise software provider's stock valued at $1,296,000 after buying an additional 59 shares in the last quarter. Requisite Capital Management LLC grew its position in Oracle by 2.8% in the fourth quarter. Requisite Capital Management LLC now owns 2,240 shares of the enterprise software provider's stock valued at $373,000 after acquiring an additional 60 shares during the period. Finally, McLean Asset Management Corp raised its stake in Oracle by 1.1% during the fourth quarter. McLean Asset Management Corp now owns 5,447 shares of the enterprise software provider's stock worth $908,000 after acquiring an additional 61 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors.

Oracle Trading Up 5.6 %

NYSE ORCL traded up $9.04 during trading hours on Thursday, reaching $171.06. The company's stock had a trading volume of 9,216,748 shares, compared to its average volume of 14,931,577. Oracle Co. has a 52 week low of $106.51 and a 52 week high of $198.31. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market cap of $478.44 billion, a P/E ratio of 41.84, a P/E/G ratio of 3.62 and a beta of 1.06. The firm has a fifty day simple moving average of $172.79 and a 200-day simple moving average of $163.03.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.01). The business had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.34 EPS. Equities analysts forecast that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were issued a dividend of $0.40 per share. The ex-dividend date was Friday, January 10th. This represents a $1.60 annualized dividend and a yield of 0.94%. Oracle's payout ratio is 39.12%.

Wall Street Analyst Weigh In

ORCL has been the topic of several analyst reports. JMP Securities reaffirmed a "market outperform" rating and issued a $205.00 target price on shares of Oracle in a report on Wednesday, January 22nd. Monness Crespi & Hardt lowered shares of Oracle from a "neutral" rating to a "sell" rating and set a $130.00 price objective for the company. in a report on Friday, December 20th. Royal Bank of Canada reissued a "sector perform" rating and issued a $165.00 target price on shares of Oracle in a report on Thursday, December 5th. Stifel Nicolaus lifted their price objective on Oracle from $155.00 to $175.00 and gave the company a "hold" rating in a research report on Tuesday, December 10th. Finally, DA Davidson increased their target price on Oracle from $140.00 to $150.00 and gave the stock a "neutral" rating in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Oracle has an average rating of "Moderate Buy" and an average price target of $182.73.

Insider Transactions at Oracle

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

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.