WP Advisors LLC Sells 14,991 Shares of Oracle Co. (NYSE:ORCL)

WP Advisors LLC lessened its holdings in Oracle Co. (NYSE:ORCL - Free Report) by 83.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,074 shares of the enterprise software provider's stock after selling 14,991 shares during the quarter. WP Advisors LLC's holdings in Oracle were worth $524,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of ORCL. Janus Henderson Group PLC raised its position in shares of Oracle by 148.8% in the first quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider's stock worth $1,616,855,000 after acquiring an additional 7,699,141 shares during the period. PineStone Asset Management Inc. raised its holdings in Oracle by 131.2% in the 2nd quarter. PineStone Asset Management Inc. now owns 3,911,201 shares of the enterprise software provider's stock worth $552,262,000 after purchasing an additional 2,219,450 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Oracle by 97.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,242,647 shares of the enterprise software provider's stock valued at $532,920,000 after purchasing an additional 2,093,893 shares during the period. International Assets Investment Management LLC increased its position in shares of Oracle by 16,023.4% in the third quarter. International Assets Investment Management LLC now owns 2,065,083 shares of the enterprise software provider's stock valued at $351,890,000 after buying an additional 2,052,275 shares in the last quarter. Finally, Altshuler Shaham Ltd raised its stake in shares of Oracle by 5,853.1% during the 2nd quarter. Altshuler Shaham Ltd now owns 1,552,580 shares of the enterprise software provider's stock worth $219,224,000 after buying an additional 1,526,500 shares during the period. Institutional investors and hedge funds own 42.44% of the company's stock.

Oracle Trading Up 0.7 %

Shares of NYSE:ORCL traded up $1.30 during trading on Monday, hitting $185.04. 2,963,926 shares of the company's stock were exchanged, compared to its average volume of 8,232,386. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $191.77. The firm has a 50-day moving average price of $172.14 and a two-hundred day moving average price of $147.06. The firm has a market cap of $512.76 billion, a P/E ratio of 47.57, a PEG ratio of 3.39 and a beta of 1.02.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.06. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The company had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. During the same quarter in the prior year, the firm earned $0.95 earnings per share. The firm's revenue was up 6.9% compared to the same quarter last year. Equities analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were issued a $0.40 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.86%. Oracle's dividend payout ratio (DPR) is presently 41.24%.

Insider Buying and Selling

In other Oracle news, EVP Maria Smith sold 6,320 shares of the firm's stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $165.00, for a total value of $1,042,800.00. Following the sale, the executive vice president now owns 42,889 shares of the company's stock, valued at $7,076,685. This trade represents a 12.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 42.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ORCL. JMP Securities increased their price objective on shares of Oracle from $175.00 to $205.00 and gave the company a "market outperform" rating in a report on Friday, October 18th. Oppenheimer restated a "market perform" rating on shares of Oracle in a research report on Tuesday, September 10th. Stifel Nicolaus boosted their price target on shares of Oracle from $135.00 to $155.00 and gave the company a "hold" rating in a research note on Tuesday, September 10th. Royal Bank of Canada assumed coverage on Oracle in a research report on Wednesday, October 23rd. They issued a "sector perform" rating and a $165.00 target price on the stock. Finally, Jefferies Financial Group boosted their price objective on Oracle from $170.00 to $190.00 and gave the company a "buy" rating in a report on Monday, September 16th. Eleven investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $169.52.

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.