Weaver Consulting Group Reduces Stock Position in Oracle Co. (NYSE:ORCL)

Weaver Consulting Group cut its stake in Oracle Co. (NYSE:ORCL) by 3.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,418 shares of the enterprise software provider’s stock after selling 91 shares during the period. Weaver Consulting Group’s holdings in Oracle were worth $412,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Fairway Wealth LLC bought a new position in shares of Oracle during the second quarter worth about $27,000. POM Investment Strategies LLC bought a new position in Oracle during the 2nd quarter worth approximately $30,000. Bbjs Financial Advisors LLC acquired a new position in shares of Oracle in the 2nd quarter worth approximately $35,000. Quest Partners LLC bought a new stake in shares of Oracle in the 2nd quarter valued at approximately $40,000. Finally, Reston Wealth Management LLC acquired a new stake in shares of Oracle during the 3rd quarter valued at approximately $44,000. 42.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Jefferies Financial Group lifted their price objective on shares of Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday. TD Cowen boosted their price objective on shares of Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. Sanford C. Bernstein raised their target price on shares of Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. Citigroup raised their price target on Oracle from $140.00 to $157.00 and gave the stock a “neutral” rating in a report on Wednesday, September 11th. Finally, Mizuho upped their price target on shares of Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Eleven equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $171.52.

Oracle Price Performance

Shares of NYSE:ORCL opened at $186.24 on Friday. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. The company has a market capitalization of $516.08 billion, a PE ratio of 48.00, a price-to-earnings-growth ratio of 3.37 and a beta of 1.03. The stock has a fifty day moving average of $178.90 and a 200-day moving average of $153.32. Oracle Co. has a one year low of $99.26 and a one year high of $196.04.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. The business had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. Oracle’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter last year, the company posted $0.95 EPS. As a group, equities analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.86%. Oracle’s dividend payout ratio is currently 41.24%.

Insider Activity at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the sale, the executive vice president now directly owns 42,889 shares in the company, valued at approximately $7,076,685. This trade represents a 12.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 42.20% of the stock is owned by insiders.

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.