Oracle Co. (NYSE:ORCL) Shares Sold by Marcum Wealth LLC

Marcum Wealth LLC lowered its position in shares of Oracle Co. (NYSE:ORCL) by 3.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,674 shares of the enterprise software provider’s stock after selling 408 shares during the quarter. Marcum Wealth LLC’s holdings in Oracle were worth $2,112,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quest Partners LLC acquired a new stake in Oracle in the 2nd quarter worth about $40,000. Rathbones Group PLC grew its holdings in Oracle by 1.6% in the second quarter. Rathbones Group PLC now owns 35,634 shares of the enterprise software provider’s stock valued at $5,032,000 after purchasing an additional 567 shares during the period. Redwood Wealth Management Group LLC acquired a new position in Oracle during the second quarter worth approximately $86,000. Wealth Dimensions Group Ltd. raised its stake in Oracle by 7.6% during the second quarter. Wealth Dimensions Group Ltd. now owns 5,079 shares of the enterprise software provider’s stock worth $717,000 after purchasing an additional 357 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Oracle by 6.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,318,962 shares of the enterprise software provider’s stock valued at $1,033,430,000 after purchasing an additional 424,500 shares during the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Price Performance

Shares of ORCL opened at $153.73 on Tuesday. Oracle Co. has a 52 week low of $105.42 and a 52 week high of $198.31. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 5.65. The firm has a market cap of $429.98 billion, a price-to-earnings ratio of 37.59, a PEG ratio of 3.39 and a beta of 1.06. The stock has a 50 day moving average of $177.30 and a 200-day moving average of $161.13.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The business had revenue of $14.06 billion during the quarter, compared to analyst estimates 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. As a group, analysts forecast that Oracle Co. will post 5.03 EPS for the current year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders 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 dividend on an annualized basis and a yield of 1.04%. Oracle’s payout ratio is currently 39.12%.

Analyst Ratings Changes

Several brokerages recently weighed in on ORCL. BNP Paribas raised Oracle to a “strong-buy” rating in a research report on Tuesday, December 10th. DA Davidson lifted their price objective on Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. UBS Group increased their target price on shares of Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Sanford C. Bernstein lifted their price target on shares of Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. Finally, Jefferies Financial Group raised their target price on shares of Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $181.48.

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.