World Investment Advisors Sells 4,093 Shares of Oracle Co. (NYSE:ORCL)

World Investment Advisors trimmed its position in shares of Oracle Co. (NYSE:ORCL - Free Report) by 5.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 67,066 shares of the enterprise software provider's stock after selling 4,093 shares during the quarter. World Investment Advisors' holdings in Oracle were worth $11,176,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of ORCL. Second Line Capital LLC increased its stake in Oracle by 1.5% during the 3rd quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider's stock valued at $650,000 after purchasing an additional 58 shares in the last quarter. Requisite Capital Management LLC raised its holdings in Oracle by 2.8% in the 4th quarter. Requisite Capital Management LLC now owns 2,240 shares of the enterprise software provider's stock worth $373,000 after acquiring an additional 60 shares during the last quarter. Cookson Peirce & Co. Inc. lifted its position in Oracle by 4.4% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider's stock valued at $237,000 after acquiring an additional 60 shares in the last quarter. McLean Asset Management Corp increased its holdings in shares of Oracle by 1.1% in the 4th quarter. McLean Asset Management Corp now owns 5,447 shares of the enterprise software provider's stock worth $908,000 after purchasing an additional 61 shares in the last quarter. Finally, Warther Private Wealth LLC raised its stake in shares of Oracle by 1.8% in the fourth quarter. Warther Private Wealth LLC now owns 3,621 shares of the enterprise software provider's stock worth $603,000 after purchasing an additional 63 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors.

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Insiders Place Their Bets

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the company's 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 sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $207,331,027.20. This represents a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 42.20% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on ORCL shares. Jefferies Financial Group cut their price objective on Oracle from $220.00 to $190.00 and set a "buy" rating for the company in a report on Monday. JPMorgan Chase & Co. cut their target price on shares of Oracle from $140.00 to $135.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th. BMO Capital Markets reduced their target price on shares of Oracle from $205.00 to $175.00 and set a "market perform" rating for the company in a report on Tuesday, March 11th. DA Davidson reiterated a "neutral" rating and set a $150.00 price target on shares of Oracle in a research note on Tuesday, March 11th. Finally, StockNews.com lowered Oracle from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Thirteen analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $178.65.

Oracle Price Performance

Shares of Oracle stock traded down $8.82 during trading on Thursday, reaching $137.04. 14,415,576 shares of the stock traded hands, compared to its average volume of 9,065,643. Oracle Co. has a 52-week low of $112.78 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 business has a fifty day simple moving average of $161.16 and a two-hundred day simple moving average of $169.62. The company has a market capitalization of $383.30 billion, a price-to-earnings ratio of 33.51, a P/E/G ratio of 3.46 and a beta of 1.07.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.02). The firm had revenue of $14.13 billion for the quarter, compared to analysts' expectations of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business's quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.41 EPS. Sell-side analysts expect that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be paid 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 dividend on an annualized basis and a yield of 1.46%. Oracle's dividend payout ratio is presently 46.95%.

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.