Global Wealth Management Investment Advisory Inc. Sells 399 Shares of Oracle Co. (NYSE:ORCL)

Global Wealth Management Investment Advisory Inc. lessened its position in Oracle Co. (NYSE:ORCL) by 1.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 26,308 shares of the enterprise software provider’s stock after selling 399 shares during the period. Global Wealth Management Investment Advisory Inc.’s holdings in Oracle were worth $4,384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the company. R Squared Ltd bought a new position in Oracle in the 4th quarter valued at about $25,000. Winch Advisory Services LLC increased its stake in shares of Oracle by 89.7% during the fourth 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 during the period. Reston Wealth Management LLC acquired a new stake in Oracle during the 3rd quarter worth approximately $44,000. Synergy Asset Management LLC bought a new stake in Oracle in the 4th quarter valued at $47,000. Finally, Friedenthal Financial acquired a new position in Oracle in the 3rd quarter valued at $51,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on ORCL shares. Jefferies Financial Group lifted their target price on Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. DA Davidson increased their target price on shares of Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. KeyCorp boosted their price target on Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Royal Bank of Canada restated a “sector perform” rating and set a $165.00 price objective on shares of Oracle in a research note on Thursday, December 5th. Finally, JMP Securities reissued a “market outperform” rating and set a $205.00 target price on shares of Oracle in a report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $182.73.

Insider Buying and Selling at Oracle

In related news, CEO Safra Catz sold 2,101,154 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now owns 1,118,592 shares in the company, valued at $207,331,027.20. This represents a 65.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 42.20% of the company’s stock.

Oracle Trading Up 1.3 %

ORCL opened at $174.53 on Monday. The firm has a market capitalization of $488.15 billion, a price-to-earnings ratio of 42.67, a PEG ratio of 3.39 and a beta of 1.05. The company’s 50 day moving average price is $170.42 and its two-hundred day moving average price is $164.50. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. Oracle Co. has a fifty-two week low of $106.51 and a fifty-two week high of $198.31.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. During the same period in the prior year, the business earned $1.34 earnings per share. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, research analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s payout ratio is presently 39.12%.

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.