N.E.W. Advisory Services LLC Sells 99 Shares of Oracle Co. (NYSE:ORCL)

N.E.W. Advisory Services LLC cut its holdings in shares of Oracle Co. (NYSE:ORCL) by 3.5% in the 4th quarter, HoldingsChannel reports. The fund owned 2,729 shares of the enterprise software provider’s stock after selling 99 shares during the period. N.E.W. Advisory Services LLC’s holdings in Oracle were worth $288,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Oracle by 5.7% in the 3rd quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock worth $15,599,200,000 after acquiring an additional 7,883,515 shares in the last quarter. Northern Trust Corp grew its position in Oracle by 3.5% in the 3rd quarter. Northern Trust Corp now owns 18,718,180 shares of the enterprise software provider’s stock worth $1,982,630,000 after purchasing an additional 635,994 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Oracle by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,704,523 shares of the enterprise software provider’s stock valued at $1,211,307,000 after buying an additional 61,604 shares during the last quarter. Invesco Ltd. lifted its position in shares of Oracle by 1.1% during the 3rd quarter. Invesco Ltd. now owns 8,471,884 shares of the enterprise software provider’s stock worth $897,342,000 after buying an additional 89,876 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of Oracle by 9,299.3% during the 3rd quarter. Wellington Management Group LLP now owns 8,170,999 shares of the enterprise software provider’s stock worth $865,472,000 after buying an additional 8,084,067 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Buying and Selling

In other Oracle news, CEO Safra Catz sold 790,000 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Safra Catz sold 790,000 shares of Oracle stock in a transaction on Tuesday, March 26th. The shares were 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 directly owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director George H. Conrades sold 20,000 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $116.00, for a total value of $2,320,000.00. Following the sale, the director now owns 17,836 shares in the company, valued at approximately $2,068,976. The disclosure for this sale can be found here. Insiders sold a total of 835,000 shares of company stock worth $105,189,850 over the last ninety days. 42.80% of the stock is owned by corporate insiders.

Oracle Price Performance

NYSE ORCL traded down $0.45 during trading hours on Tuesday, hitting $117.89. The company had a trading volume of 6,434,951 shares, compared to its average volume of 8,246,625. The firm has a 50 day simple moving average of $120.19 and a 200 day simple moving average of $113.57. Oracle Co. has a 52 week low of $96.10 and a 52 week high of $132.77. The firm has a market capitalization of $324.02 billion, a price-to-earnings ratio of 31.11, a PEG ratio of 2.32 and a beta of 1.03. 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 (NYSE:ORCL) last released its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The company had revenue of $13.28 billion during the quarter, compared to analyst estimates of $13.29 billion. During the same period last year, the business earned $0.96 earnings per share. Oracle’s revenue was up 7.1% compared to the same quarter last year. Equities research analysts expect that Oracle Co. will post 4.44 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.36%. The ex-dividend date was Tuesday, April 9th. Oracle’s dividend payout ratio is 42.22%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group upped their target price on Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, March 13th. Oppenheimer assumed coverage on Oracle in a research report on Thursday, April 18th. They set a “market perform” rating for the company. BMO Capital Markets boosted their price target on shares of Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a report on Tuesday, March 12th. Argus upgraded shares of Oracle from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. Finally, KeyCorp began coverage on shares of Oracle in a research note on Thursday, March 21st. They issued an “overweight” rating and a $150.00 target price on the stock. Eleven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Oracle presently has an average rating of “Moderate Buy” and a consensus target price of $130.76.

Oracle Company 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.