Institute for Wealth Management LLC. Has $2.11 Million Stake in Oracle Co. (NYSE:ORCL)

Institute for Wealth Management LLC. trimmed its holdings in shares of Oracle Co. (NYSE:ORCL) by 4.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,003 shares of the enterprise software provider’s stock after selling 842 shares during the period. Institute for Wealth Management LLC.’s holdings in Oracle were worth $2,109,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Orion Capital Management LLC acquired a new stake in shares of Oracle in the 3rd quarter valued at $25,000. Ritter Daniher Financial Advisory LLC DE increased its stake in shares of Oracle by 298.4% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock valued at $26,000 after buying an additional 182 shares during the period. Spartan Planning & Wealth Management acquired a new stake in shares of Oracle in the 3rd quarter valued at $27,000. Cornerstone Planning Group LLC boosted its position in shares of Oracle by 1,268.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock worth $36,000 after purchasing an additional 317 shares during the last quarter. Finally, BOK Financial Private Wealth Inc. boosted its position in shares of Oracle by 139.4% in the 4th quarter. BOK Financial Private Wealth Inc. now owns 371 shares of the enterprise software provider’s stock worth $39,000 after purchasing an additional 216 shares during the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Trading Down 1.0 %

Shares of ORCL stock traded down $1.20 during mid-day trading on Friday, hitting $114.80. The company’s stock had a trading volume of 5,063,176 shares, compared to its average volume of 8,548,489. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85. The company’s fifty day simple moving average is $119.27 and its 200-day simple moving average is $112.80. The company has a market cap of $315.53 billion, a PE ratio of 30.66, a P/E/G ratio of 2.30 and a beta of 1.01. Oracle Co. has a 52 week low of $93.29 and a 52 week high of $132.77.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, beating the consensus estimate of $1.37 by $0.04. The company had revenue of $13.28 billion during the quarter, compared to the consensus estimate of $13.29 billion. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period last year, the business posted $0.96 EPS. As a group, equities research analysts expect that Oracle Co. will post 4.44 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th will be paid a $0.40 dividend. The ex-dividend date is Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.39%. Oracle’s payout ratio is presently 42.22%.

Insider Transactions at Oracle

In other news, CEO Safra Catz sold 790,000 shares of the business’s stock in a transaction that occurred on 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 transaction, 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 Securities & Exchange Commission, which is available through this link. Company insiders own 42.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ORCL. Erste Group Bank restated a “hold” rating on shares of Oracle in a research report on Friday, December 22nd. BMO Capital Markets lifted their target price on Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a report on Tuesday, March 12th. Piper Sandler cut their price target on Oracle from $125.00 to $122.00 and set an “overweight” rating on the stock in a report on Tuesday, January 2nd. StockNews.com lowered Oracle from a “buy” rating to a “hold” rating in a report on Thursday, March 21st. Finally, KeyCorp began coverage on Oracle in a report on Thursday, March 21st. They issued an “overweight” rating and a $150.00 price target on the stock. Eleven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, Oracle has a consensus rating of “Moderate Buy” and a consensus price target 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.