DORCHESTER WEALTH MANAGEMENT Co Sells 935 Shares of Oracle Co. (NYSE:ORCL)

DORCHESTER WEALTH MANAGEMENT Co lessened its stake in Oracle Co. (NYSE:ORCL) by 1.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,305 shares of the enterprise software provider’s stock after selling 935 shares during the quarter. Oracle makes up about 2.2% of DORCHESTER WEALTH MANAGEMENT Co’s holdings, making the stock its 14th largest position. DORCHESTER WEALTH MANAGEMENT Co’s holdings in Oracle were worth $10,882,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of ORCL. Franklin Resources Inc. lifted its holdings in shares of Oracle by 11.6% in the third quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock valued at $3,370,640,000 after purchasing an additional 1,917,416 shares in the last quarter. State Street Corp lifted its holdings in Oracle by 2.7% during the third quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock worth $12,003,241,000 after acquiring an additional 1,847,561 shares during the period. Jennison Associates LLC lifted its holdings in Oracle by 279.7% during the fourth quarter. Jennison Associates LLC now owns 1,210,745 shares of the enterprise software provider’s stock worth $201,759,000 after acquiring an additional 891,842 shares during the period. Geode Capital Management LLC lifted its holdings in Oracle by 2.6% during the third quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider’s stock worth $5,977,015,000 after acquiring an additional 885,041 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in Oracle by 2,899.0% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 913,700 shares of the enterprise software provider’s stock worth $155,694,000 after acquiring an additional 883,233 shares during the period. Institutional investors own 42.44% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Safra Catz sold 345,174 shares of the company’s stock in a transaction on Friday, January 24th. The shares were sold at an average price of $185.56, for a total value of $64,050,487.44. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $207,565,931.52. This represents a 23.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 42.20% of the company’s stock.

Wall Street Analyst Weigh In

ORCL has been the topic of a number of recent analyst reports. Guggenheim lifted their price target on Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. StockNews.com lowered Oracle from a “buy” rating to a “hold” rating in a report on Wednesday. Royal Bank of Canada reiterated a “sector perform” rating and set a $165.00 price target on shares of Oracle in a report on Thursday, December 5th. Stifel Nicolaus lifted their price target on Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. Finally, Citigroup raised their target price on Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Oracle has an average rating of “Moderate Buy” and an average target price of $182.73.

Oracle Price Performance

ORCL stock opened at $167.92 on Friday. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. Oracle Co. has a one year low of $109.66 and a one year high of $198.31. The stock has a market cap of $469.66 billion, a PE ratio of 41.06, a P/E/G ratio of 3.46 and a beta of 1.05. The firm has a 50 day simple moving average of $168.99 and a two-hundred day simple moving average of $167.29.

Oracle (NYSE:ORCL) last released its quarterly 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 return on equity of 133.25% and a net margin of 21.16%. The company 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 firm earned $1.34 EPS. Oracle’s quarterly revenue was up 8.6% on a year-over-year basis. On average, analysts predict that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently declared 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 was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.95%. Oracle’s dividend payout ratio is presently 39.12%.

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.