Wealth Dimensions Group Ltd. Sells 238 Shares of Oracle Co. (NYSE:ORCL)

Wealth Dimensions Group Ltd. trimmed its position in Oracle Co. (NYSE:ORCL) by 4.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,841 shares of the enterprise software provider’s stock after selling 238 shares during the quarter. Wealth Dimensions Group Ltd.’s holdings in Oracle were worth $825,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Legal & General Group Plc boosted its stake in shares of Oracle by 2.3% during the 2nd quarter. Legal & General Group Plc now owns 13,242,340 shares of the enterprise software provider’s stock worth $1,869,816,000 after acquiring an additional 296,866 shares during the period. Janus Henderson Group PLC lifted its holdings in Oracle by 148.8% during the 1st quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock valued at $1,616,855,000 after purchasing an additional 7,699,141 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Oracle by 6.2% during the second quarter. Dimensional Fund Advisors LP now owns 7,318,962 shares of the enterprise software provider’s stock worth $1,033,430,000 after purchasing an additional 424,500 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of Oracle by 0.9% in the second quarter. Ameriprise Financial Inc. now owns 7,182,917 shares of the enterprise software provider’s stock valued at $1,015,862,000 after purchasing an additional 66,444 shares during the last quarter. Finally, Boston Partners raised its position in shares of Oracle by 32.3% in the first quarter. Boston Partners now owns 6,037,100 shares of the enterprise software provider’s stock valued at $756,100,000 after purchasing an additional 1,473,734 shares during the period. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ORCL has been the topic of a number of research reports. DA Davidson upped their price target on shares of Oracle from $105.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. Royal Bank of Canada assumed coverage on Oracle in a research report on Wednesday, October 23rd. They issued a “sector perform” rating and a $165.00 target price on the stock. KeyCorp increased their target price on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Oppenheimer restated a “market perform” rating on shares of Oracle in a research note on Tuesday, September 10th. Finally, Mizuho increased their price objective on Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Eleven equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $169.52.

Oracle Stock Performance

NYSE:ORCL opened at $192.29 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $196.04. The company has a fifty day moving average of $175.62 and a 200-day moving average of $149.41. The firm has a market capitalization of $532.85 billion, a P/E ratio of 49.56, a P/E/G ratio of 3.55 and a beta of 1.02.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.06. The firm had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The business’s revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.95 earnings per share. As a group, sell-side analysts anticipate that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were paid a $0.40 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.83%. Oracle’s dividend payout ratio (DPR) is presently 41.24%.

Insider Activity

In other news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the transaction, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. This trade represents a 12.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate 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.