Ridgecrest Wealth Partners LLC Sells 2,000 Shares of Oracle Co. (NYSE:ORCL)

Ridgecrest Wealth Partners LLC cut its position in Oracle Co. (NYSE:ORCL - Free Report) by 25.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,813 shares of the enterprise software provider's stock after selling 2,000 shares during the quarter. Ridgecrest Wealth Partners LLC's holdings in Oracle were worth $969,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Winch Advisory Services LLC lifted its holdings in 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. Reston Wealth Management LLC acquired a new position in shares of Oracle in the third quarter valued at about $44,000. Avondale Wealth Management bought a new position in Oracle during the third quarter worth about $51,000. Friedenthal Financial acquired a new stake in Oracle in the 3rd quarter worth about $51,000. Finally, Activest Wealth Management boosted its holdings in Oracle by 21.9% in the 3rd quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider's stock valued at $53,000 after purchasing an additional 56 shares during the period. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Stock Down 13.9 %

ORCL traded down $25.50 during trading on Monday, hitting $158.10. 36,575,122 shares of the company's stock were exchanged, compared to its average volume of 14,851,902. The stock has a market cap of $442.19 billion, a P/E ratio of 38.65, a PEG ratio of 3.62 and a beta of 1.06. The business's 50 day moving average is $174.41 and its two-hundred day moving average is $162.79. Oracle Co. has a fifty-two week low of $106.51 and a fifty-two week high of $198.31. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65.

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

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 1.01%. Oracle's payout ratio is 39.12%.

Insider Buying and Selling

In other Oracle news, CEO Safra Catz sold 345,174 shares of the business's stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $185.56, for a total value of $64,050,487.44. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $207,565,931.52. The trade was a 23.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 42.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on ORCL shares. BNP Paribas upgraded Oracle to a "strong-buy" rating in a research note on Tuesday, December 10th. Cantor Fitzgerald began coverage on Oracle in a report on Friday, January 17th. They set an "overweight" rating and a $214.00 target price on the stock. Citigroup boosted their target price on shares of Oracle from $157.00 to $194.00 and gave the company a "neutral" rating in a research report on Tuesday, December 10th. Jefferies Financial Group upped their target price on Oracle from $190.00 to $220.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. Finally, Monness Crespi & Hardt cut Oracle from a "neutral" rating to a "sell" rating and set a $130.00 price target for the company. in a report on Friday, December 20th. One investment 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 stock. According to MarketBeat.com, Oracle presently has an average rating of "Moderate Buy" and a consensus target price of $182.73.

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.