Resonant Capital Advisors LLC Sells 105 Shares of Oracle Co. (NYSE:ORCL)

Resonant Capital Advisors LLC decreased its position in shares of Oracle Co. (NYSE:ORCL) by 0.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 29,564 shares of the enterprise software provider’s stock after selling 105 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Oracle were worth $4,927,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new stake in shares of Oracle during the 4th quarter worth $25,000. Winch Advisory Services LLC grew its holdings in shares of Oracle by 89.7% during the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after purchasing an additional 87 shares in the last quarter. Reston Wealth Management LLC acquired a new stake in shares of Oracle during the 3rd quarter worth $44,000. Synergy Asset Management LLC acquired a new stake in Oracle in the fourth quarter valued at about $47,000. Finally, Avondale Wealth Management acquired a new stake in Oracle in the third quarter valued at about $51,000. Institutional investors own 42.44% of the company’s stock.

Oracle Trading Down 0.3 %

NYSE ORCL opened at $169.91 on Monday. The company has a market cap of $475.24 billion, a price-to-earnings ratio of 41.54, a P/E/G ratio of 3.35 and a beta of 1.05. Oracle Co. has a 52 week low of $106.51 and a 52 week high of $198.31. The business has a 50 day moving average price of $171.89 and a 200-day moving average price of $163.41. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last released its quarterly earnings data 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 firm had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.34 EPS. As a group, equities analysts expect that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.94%. Oracle’s dividend payout ratio is 39.12%.

Insider Activity

In related news, CEO Safra Catz sold 2,101,154 shares of Oracle stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 42.20% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Stifel Nicolaus raised their price objective on Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. Evercore ISI raised their price objective on Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Morgan Stanley raised their price objective on Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 10th. Guggenheim raised their price objective on Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, KeyCorp raised their price objective on Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $182.73.

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.