Quotient Wealth Partners LLC Sells 1,669 Shares of Oracle Co. (NYSE:ORCL)

Quotient Wealth Partners LLC lessened its position in Oracle Co. (NYSE:ORCL) by 13.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,830 shares of the enterprise software provider’s stock after selling 1,669 shares during the quarter. Quotient Wealth Partners LLC’s holdings in Oracle were worth $1,805,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of ORCL. International Assets Investment Management LLC increased its holdings in Oracle by 16,023.4% during the third quarter. International Assets Investment Management LLC now owns 2,065,083 shares of the enterprise software provider’s stock worth $351,890,000 after buying an additional 2,052,275 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of Oracle by 11.6% during the 3rd quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock worth $3,370,640,000 after purchasing an additional 1,917,416 shares during the last quarter. State Street Corp lifted its stake in Oracle by 2.7% in the 3rd quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock valued at $12,003,241,000 after purchasing an additional 1,847,561 shares during the last quarter. Jennison Associates LLC grew its holdings in Oracle by 279.7% during the fourth quarter. Jennison Associates LLC now owns 1,210,745 shares of the enterprise software provider’s stock worth $201,759,000 after purchasing an additional 891,842 shares during the period. Finally, Geode Capital Management LLC raised its stake in Oracle by 2.6% in the third quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider’s stock valued at $5,977,015,000 after buying an additional 885,041 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Price Performance

ORCL stock opened at $174.53 on Friday. Oracle Co. has a 52-week low of $106.51 and a 52-week high of $198.31. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The business has a 50-day simple moving average of $170.42 and a two-hundred day simple moving average of $164.35. The company has a market capitalization of $488.15 billion, a P/E ratio of 42.67, a price-to-earnings-growth ratio of 3.39 and a beta of 1.05.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. During the same period in the prior year, the firm earned $1.34 earnings per share. Oracle’s revenue was up 8.6% compared to the same quarter last year. Research analysts expect that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were paid a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.92%. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on ORCL shares. StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a report on Saturday, February 1st. DA Davidson upped their price target on shares of Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. KeyCorp boosted their price objective on shares of Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Cantor Fitzgerald assumed coverage on shares of Oracle in a research report on Friday, January 17th. They issued an “overweight” rating and a $214.00 price target for the company. Finally, Morgan Stanley lifted their price objective on Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Oracle has an average rating of “Moderate Buy” and an average price target of $182.73.

Insider Activity

In related news, CEO Safra Catz sold 345,174 shares of Oracle stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $185.56, for a total value of $64,050,487.44. Following the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $207,565,931.52. The trade was a 23.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 42.20% of the company’s stock.

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.