RWA Wealth Partners LLC Sells 88,040 Shares of Oracle Co. (NYSE:ORCL)

RWA Wealth Partners LLC decreased its stake in shares of Oracle Co. (NYSE:ORCL - Free Report) by 53.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 76,239 shares of the enterprise software provider's stock after selling 88,040 shares during the quarter. RWA Wealth Partners LLC's holdings in Oracle were worth $12,704,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. R Squared Ltd bought a new position in shares of Oracle during the 4th quarter worth about $25,000. Winch Advisory Services LLC lifted its stake in Oracle by 89.7% during the fourth 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 period. Synergy Investment Management LLC bought a new stake in shares of Oracle in the 4th quarter worth about $34,000. TFC Financial Management Inc. increased its position in shares of Oracle by 129.0% during the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider's stock worth $35,000 after purchasing an additional 120 shares in the last quarter. Finally, Synergy Asset Management LLC bought a new position in Oracle during the 4th quarter valued at about $47,000. Institutional investors and hedge funds own 42.44% of the company's stock.

Oracle Trading Down 0.6 %

Oracle stock traded down $0.80 during mid-day trading on Monday, hitting $140.07. 15,507,040 shares of the stock were exchanged, compared to its average volume of 8,989,460. Oracle Co. has a 12 month low of $112.78 and a 12 month 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. The firm's fifty day simple moving average is $163.94 and its two-hundred day simple moving average is $170.31. The stock has a market capitalization of $391.77 billion, a price-to-earnings ratio of 34.25, a PEG ratio of 3.46 and a beta of 1.07.

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Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly 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). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business had revenue of $14.13 billion for the quarter, compared to analyst estimates of $14.40 billion. During the same quarter in the previous year, the business posted $1.41 earnings per share. The business's revenue was up 6.4% on a year-over-year basis. Analysts forecast that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be given a dividend of $0.50 per share. This is an increase from Oracle's previous quarterly dividend of $0.40. The ex-dividend date is Thursday, April 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.43%. Oracle's dividend payout ratio (DPR) is 46.95%.

Insider Activity

In other news, CEO Safra Catz sold 2,101,154 shares of the firm's stock in a transaction dated Wednesday, January 22nd. The stock was 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 directly owns 1,118,592 shares in the company, valued at $207,331,027.20. This trade represents a 65.26 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 42.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ORCL has been the topic of several research analyst reports. DA Davidson reaffirmed a "neutral" rating and set a $150.00 price objective on shares of Oracle in a research note on Tuesday, March 11th. Morgan Stanley decreased their price target on Oracle from $175.00 to $170.00 and set an "equal weight" rating on the stock in a research report on Tuesday, March 11th. Evercore ISI cut their price objective on Oracle from $200.00 to $185.00 and set an "outperform" rating for the company in a research report on Tuesday, March 11th. Citigroup decreased their target price on Oracle from $194.00 to $160.00 and set a "neutral" rating on the stock in a report on Wednesday, March 12th. Finally, Bank of America cut their price target on Oracle from $195.00 to $175.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. Thirteen research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Oracle currently has an average rating of "Moderate Buy" and a consensus price target of $178.00.

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.