Wellington Wealth Strategies LLC. Sells 2,359 Shares of Oracle Co. (NYSE:ORCL)

Wellington Wealth Strategies LLC. lowered its holdings in Oracle Co. (NYSE:ORCL) by 13.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,141 shares of the enterprise software provider’s stock after selling 2,359 shares during the quarter. Oracle accounts for about 2.5% of Wellington Wealth Strategies LLC.’s investment portfolio, making the stock its 11th biggest position. Wellington Wealth Strategies LLC.’s holdings in Oracle were worth $2,632,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. R Squared Ltd bought a new stake in Oracle during the fourth quarter worth about $25,000. Hurley Capital LLC acquired a new position in Oracle in the fourth quarter valued at approximately $33,000. Synergy Investment Management LLC acquired a new position in Oracle in the fourth quarter valued at approximately $34,000. TFC Financial Management Inc. raised its holdings in Oracle by 129.0% in the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock worth $35,000 after purchasing an additional 120 shares during the period. Finally, Synergy Asset Management LLC acquired a new stake in Oracle in the fourth quarter worth $47,000. Institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling

In related news, Director Leon E. Panetta sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $129.77, for a total transaction of $648,850.00. Following the completion of the transaction, the director now directly owns 58,090 shares in the company, valued at $7,538,339.30. This represents a 7.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Naomi O. Seligman sold 2,866 shares of the company’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $149.53, for a total transaction of $428,552.98. Following the transaction, the director now owns 31,764 shares of the company’s stock, valued at approximately $4,749,670.92. This represents a 8.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,366 shares of company stock worth $4,015,723 in the last three months. 42.20% of the stock is owned by corporate insiders.

Oracle Price Performance

Shares of NYSE:ORCL opened at $159.46 on Tuesday. The firm has a 50 day moving average of $143.08 and a 200-day moving average of $162.38. The stock has a market capitalization of $446.00 billion, a PE ratio of 38.99, a PEG ratio of 3.46 and a beta of 1.27. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a 12 month low of $114.55 and a 12 month high of $198.31.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.02). The firm had revenue of $14.13 billion during the quarter, compared to analyst estimates of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. Oracle’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.41 earnings per share. On average, equities research analysts predict that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Investors 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 yield of 1.25%. This is a boost from Oracle’s previous quarterly dividend of $0.40. The ex-dividend date was Thursday, April 10th. Oracle’s dividend payout ratio is currently 46.95%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on ORCL shares. Jefferies Financial Group cut their target price on shares of Oracle from $220.00 to $190.00 and set a “buy” rating on the stock in a report on Monday, March 31st. Stephens started coverage on shares of Oracle in a research report on Wednesday, March 19th. They set an “equal weight” rating and a $167.00 price objective for the company. Piper Sandler reissued a “neutral” rating and set a $130.00 price objective (down previously from $190.00) on shares of Oracle in a research report on Wednesday, April 23rd. Royal Bank of Canada set a $145.00 price objective on shares of Oracle and gave the stock a “sector perform” rating in a research report on Tuesday, March 11th. Finally, Westpark Capital started coverage on shares of Oracle in a research report on Tuesday, April 1st. They set a “buy” rating and a $195.00 price objective for the company. Fourteen investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $174.42.

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.