Principle Wealth Partners LLC Sells 135 Shares of Oracle Co. (NYSE:ORCL)

Principle Wealth Partners LLC lessened its stake in shares of Oracle Co. (NYSE:ORCL) by 0.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 67,752 shares of the enterprise software provider’s stock after selling 135 shares during the period. Principle Wealth Partners LLC’s holdings in Oracle were worth $7,143,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Orion Capital Management LLC purchased a new position in shares of Oracle in the third quarter valued at about $25,000. Ritter Daniher Financial Advisory LLC DE lifted its position in shares of Oracle by 298.4% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock valued at $26,000 after acquiring an additional 182 shares in the last quarter. Spartan Planning & Wealth Management purchased a new position in shares of Oracle in the third quarter valued at about $27,000. Cornerstone Planning Group LLC lifted its position in shares of Oracle by 1,268.0% in the third quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock valued at $36,000 after acquiring an additional 317 shares in the last quarter. Finally, BOK Financial Private Wealth Inc. lifted its position in shares of Oracle by 139.4% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 371 shares of the enterprise software provider’s stock valued at $39,000 after acquiring an additional 216 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on ORCL shares. KeyCorp started coverage on Oracle in a research report on Thursday, March 21st. They issued an “overweight” rating and a $150.00 price objective on the stock. BMO Capital Markets boosted their target price on Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a research report on Tuesday, March 12th. The Goldman Sachs Group boosted their target price on Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 13th. Argus upgraded Oracle from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. Finally, StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a research report on Tuesday, April 23rd. Ten investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $130.76.

Oracle Trading Up 2.0 %

NYSE:ORCL traded up $2.32 during midday trading on Friday, hitting $117.21. The stock had a trading volume of 8,355,111 shares, compared to its average volume of 5,810,524. Oracle Co. has a one year low of $93.29 and a one year high of $132.77. The company has a market capitalization of $322.15 billion, a price-to-earnings ratio of 30.93, a PEG ratio of 2.35 and a beta of 1.01. The stock has a 50-day moving average of $119.42 and a 200 day moving average of $113.13. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. The company had revenue of $13.28 billion during the quarter, compared to analyst estimates of $13.29 billion. Oracle had a return on equity of 336.11% and a net margin of 20.27%. Oracle’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.96 earnings per share. As a group, sell-side analysts forecast that Oracle Co. will post 4.44 EPS for the current year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a yield of 1.37%. Oracle’s dividend payout ratio is currently 42.22%.

Insider Activity

In other news, CEO Safra Catz sold 790,000 shares of the stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 42.80% of the company’s stock.

Oracle 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.