Nwam LLC Trims Stock Position in Oracle Co. (NYSE:ORCL)

Nwam LLC lessened its holdings in Oracle Co. (NYSE:ORCL) by 4.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,863 shares of the enterprise software provider’s stock after selling 681 shares during the period. Nwam LLC’s holdings in Oracle were worth $2,310,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Activest Wealth Management grew its position in Oracle by 21.9% during the third quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock valued at $53,000 after purchasing an additional 56 shares in the last quarter. Second Line Capital LLC grew its position in Oracle by 1.5% during the third 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. Cadence Bank grew its position in Oracle by 0.8% during the third quarter. Cadence Bank now owns 7,605 shares of the enterprise software provider’s stock valued at $1,296,000 after purchasing an additional 59 shares in the last quarter. Requisite Capital Management LLC grew its position in Oracle by 2.8% during the fourth quarter. Requisite Capital Management LLC now owns 2,240 shares of the enterprise software provider’s stock valued at $373,000 after purchasing an additional 60 shares in the last quarter. Finally, McLean Asset Management Corp grew its position in Oracle by 1.1% during the fourth quarter. McLean Asset Management Corp now owns 5,447 shares of the enterprise software provider’s stock valued at $908,000 after purchasing an additional 61 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Price Performance

NYSE:ORCL opened at $164.71 on Friday. The stock has a market cap of $460.68 billion, a P/E ratio of 40.27, a PEG ratio of 3.46 and a beta of 1.05. Oracle Co. has a one year low of $110.36 and a one year high of $198.31. The company has a fifty day moving average price of $169.00 and a 200 day moving average price of $168.13. 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 (NYSE:ORCL) last released its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.01). The company had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. Oracle’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.34 earnings per share. Analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.97%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the business’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 sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $207,331,027.20. The trade was a 65.26 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 42.20% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on ORCL. Monness Crespi & Hardt downgraded shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price objective on the stock. in a research report on Friday, December 20th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $165.00 price objective on shares of Oracle in a research report on Thursday, December 5th. Citigroup boosted their target price on shares of Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Evercore ISI boosted their target price on shares of Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Finally, Cantor Fitzgerald downgraded shares of Oracle to an “overweight” rating in a research report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and a consensus price target of $182.73.

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.