Fullcircle Wealth LLC Sells 300 Shares of Oracle Co. (NYSE:ORCL)

Fullcircle Wealth LLC decreased its holdings in Oracle Co. (NYSE:ORCL) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,708 shares of the enterprise software provider’s stock after selling 300 shares during the quarter. Oracle makes up 0.9% of Fullcircle Wealth LLC’s investment portfolio, making the stock its 26th biggest holding. Fullcircle Wealth LLC’s holdings in Oracle were worth $2,209,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new position in Oracle during the fourth quarter worth $2,216,314,000. Raymond James Financial Inc. bought a new stake in Oracle in the fourth quarter worth approximately $930,095,000. Vanguard Group Inc. boosted its stake in Oracle by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider’s stock worth $26,231,127,000 after acquiring an additional 2,296,069 shares in the last quarter. Kovitz Investment Group Partners LLC boosted its holdings in Oracle by 268.4% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 3,077,947 shares of the enterprise software provider’s stock worth $512,909,000 after acquiring an additional 2,242,520 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Oracle by 12.5% during the fourth quarter. Northern Trust Corp now owns 19,620,534 shares of the enterprise software provider’s stock worth $3,269,566,000 after purchasing an additional 2,176,892 shares during the period. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Oracle

In related news, Director Naomi O. Seligman sold 2,000 shares of the company’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total value of $291,620.00. Following the completion of the transaction, the director now directly owns 34,630 shares in the company, valued at approximately $5,049,400.30. The trade was a 5.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Leon E. Panetta sold 5,000 shares of the firm’s stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $129.77, for a total value of $648,850.00. Following the sale, the director now owns 58,090 shares in the company, valued at $7,538,339.30. The trade was a 7.93 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,366 shares of company stock valued at $4,015,723. 42.20% of the stock is owned by corporate insiders.

Oracle Price Performance

ORCL stock opened at $149.29 on Thursday. The firm has a 50 day moving average of $142.49 and a 200-day moving average of $163.36. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The firm has a market capitalization of $417.56 billion, a P/E ratio of 36.50, a price-to-earnings-growth ratio of 3.46 and a beta of 1.27. Oracle Co. has a 12 month low of $114.55 and a 12 month high of $198.31.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm had revenue of $14.13 billion for the quarter, compared to analysts’ expectations of $14.40 billion. During the same quarter last year, the firm earned $1.41 earnings per share. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. As a group, sell-side analysts predict that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend was Thursday, April 10th. This is an increase from Oracle’s previous quarterly dividend of $0.40. Oracle’s dividend payout ratio (DPR) is 46.95%.

Wall Street Analysts Forecast Growth

ORCL has been the subject of several research reports. Stephens started coverage on shares of Oracle in a research report on Wednesday, March 19th. They issued an “equal weight” rating and a $167.00 price target for the company. Barclays decreased their target price on shares of Oracle from $212.00 to $202.00 and set an “overweight” rating for the company in a research report on Tuesday, March 11th. Evercore ISI dropped their price target on shares of Oracle from $200.00 to $185.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 11th. JMP Securities reissued a “market outperform” rating and issued a $205.00 price objective on shares of Oracle in a research note on Wednesday, January 22nd. Finally, Bank of America cut their target price on Oracle from $195.00 to $175.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th. Fourteen analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Oracle presently has a consensus rating of “Moderate Buy” and an average target price of $174.42.

About Oracle

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.