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

Keystone Wealth Services LLC cut its position in shares of Oracle Co. (NYSE:ORCL) by 7.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,888 shares of the enterprise software provider’s stock after selling 155 shares during the quarter. Keystone Wealth Services LLC’s holdings in Oracle were worth $315,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Fidelis Capital Partners LLC raised its stake in shares of Oracle by 24.6% during the 4th quarter. Fidelis Capital Partners LLC now owns 15,860 shares of the enterprise software provider’s stock worth $2,674,000 after buying an additional 3,132 shares during the last quarter. Quintet Private Bank Europe S.A. purchased a new position in Oracle during the 4th quarter valued at about $1,763,000. LGT Fund Management Co Ltd. purchased a new position in Oracle during the 4th quarter valued at about $222,000. LGT Group Foundation raised its position in Oracle by 2.2% during the fourth quarter. LGT Group Foundation now owns 78,705 shares of the enterprise software provider’s stock worth $13,115,000 after acquiring an additional 1,711 shares during the last quarter. Finally, DJE Kapital AG purchased a new stake in shares of Oracle in the fourth quarter valued at about $68,161,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Trading Down 2.5 %

NYSE ORCL opened at $161.91 on Tuesday. The firm has a market capitalization of $452.86 billion, a price-to-earnings ratio of 39.59, a PEG ratio of 3.46 and a beta of 1.05. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. Oracle Co. has a one year low of $110.36 and a one year high of $198.31. The company’s 50 day moving average price is $168.79 and its 200 day moving average price is $169.01.

Oracle (NYSE:ORCL) last issued its earnings results 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). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. During the same period in the prior year, the business posted $1.34 EPS. The business’s revenue was up 8.6% on a year-over-year basis. On average, sell-side analysts predict that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.99%. The ex-dividend date was Friday, January 10th. Oracle’s payout ratio is 39.12%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Citigroup lifted their price objective on Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Royal Bank of Canada reissued a “sector perform” rating and issued a $165.00 price target on shares of Oracle in a report on Thursday, December 5th. DA Davidson upped their price objective on Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Mizuho lifted their price objective on Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Finally, Cantor Fitzgerald lowered shares of Oracle to an “overweight” rating in a report on Monday, February 10th. Twelve analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $182.73.

Insider Activity

In other news, CEO Safra Catz sold 2,101,154 shares of the company’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total value of $389,448,893.90. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this link. Insiders own 42.20% of the company’s stock.

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.