Schnieders Capital Management LLC Sells 8,895 Shares of Oracle Co. (NYSE:ORCL)

Schnieders Capital Management LLC reduced its holdings in Oracle Co. (NYSE:ORCL) by 13.8% in the 4th quarter, Holdings Channel reports. The fund owned 55,774 shares of the enterprise software provider’s stock after selling 8,895 shares during the quarter. Oracle accounts for 1.3% of Schnieders Capital Management LLC’s portfolio, making the stock its 21st biggest position. Schnieders Capital Management LLC’s holdings in Oracle were worth $5,880,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Orion Capital Management LLC bought a new position in shares of Oracle during the third quarter worth about $25,000. Ritter Daniher Financial Advisory LLC DE grew its holdings in shares of Oracle by 298.4% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock worth $26,000 after buying an additional 182 shares in the last quarter. Spartan Planning & Wealth Management bought a new position in shares of Oracle during the third quarter worth about $27,000. Cornerstone Planning Group LLC grew its holdings in shares of Oracle by 1,268.0% during the third quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock worth $36,000 after buying an additional 317 shares in the last quarter. Finally, BOK Financial Private Wealth Inc. grew its holdings in shares of Oracle by 139.4% during the fourth quarter. BOK Financial Private Wealth Inc. now owns 371 shares of the enterprise software provider’s stock worth $39,000 after buying an additional 216 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 790,000 shares of Oracle stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total value of $99,966,600.00. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 42.80% of the company’s stock.

Oracle Stock Performance

NYSE:ORCL traded up $0.54 during mid-day trading on Tuesday, hitting $115.07. 5,491,654 shares of the stock were exchanged, compared to its average volume of 8,535,559. The stock has a market capitalization of $316.27 billion, a price-to-earnings ratio of 30.36, a price-to-earnings-growth ratio of 2.30 and a beta of 1.01. The firm’s 50-day simple moving average is $119.23 and its 200 day simple moving average is $113.03. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85. Oracle Co. has a fifty-two week low of $93.29 and a fifty-two week high of $132.77.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.04. The business had revenue of $13.28 billion during the quarter, compared to analysts’ expectations of $13.29 billion. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period last year, the firm posted $0.96 EPS. As a group, equities analysts anticipate that Oracle Co. will post 4.44 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th will be issued a dividend of $0.40 per share. The ex-dividend date is Tuesday, April 9th. This represents a $1.60 annualized dividend and a yield of 1.39%. Oracle’s payout ratio is currently 42.22%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on ORCL shares. StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a research note on Tuesday. BMO Capital Markets raised their price target on Oracle from $126.00 to $142.00 and gave the company a “market perform” rating in a research note on Tuesday, March 12th. KeyCorp started coverage on Oracle in a research note on Thursday, March 21st. They issued an “overweight” rating and a $150.00 price target for the company. Argus upgraded Oracle from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. Finally, HSBC raised their price target on Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. Ten analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and a consensus target price of $130.76.

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.