Oracle Co. (NYSE:ORCL) Shares Sold by Invesco LLC

Invesco LLC cut its position in Oracle Co. (NYSE:ORCL) by 0.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 100,523 shares of the enterprise software provider’s stock after selling 121 shares during the quarter. Oracle makes up about 6.7% of Invesco LLC’s holdings, making the stock its 2nd biggest position. Invesco LLC’s holdings in Oracle were worth $16,751,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. R Squared Ltd bought a new position in Oracle in the 4th quarter worth approximately $25,000. Winch Advisory Services LLC boosted its holdings in Oracle by 89.7% in the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after purchasing an additional 87 shares during the period. Reston Wealth Management LLC acquired a new stake in Oracle in the 3rd quarter worth $44,000. Avondale Wealth Management bought a new position in shares of Oracle during the 3rd quarter worth about $51,000. Finally, Friedenthal Financial bought a new stake in shares of Oracle in the third quarter valued at about $51,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Activity at Oracle

In related news, CEO Safra Catz sold 2,101,154 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at $207,331,027.20. This trade represents a 65.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 42.20% of the stock is currently owned by insiders.

Oracle Stock Performance

ORCL stock traded down $2.53 during trading hours on Wednesday, hitting $161.48. 1,663,819 shares of the stock were exchanged, compared to its average volume of 14,781,325. The company has a 50-day simple moving average of $173.36 and a two-hundred day simple moving average of $163.03. The firm has a market capitalization of $451.64 billion, a P/E ratio of 39.55, a P/E/G ratio of 3.62 and a beta of 1.06. Oracle Co. has a 12 month low of $106.51 and a 12 month high of $198.31. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last issued its quarterly earnings results 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). The company had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.34 EPS. On average, analysts forecast that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were given a dividend of $0.40 per share. The ex-dividend date was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.99%. Oracle’s dividend payout ratio is currently 39.12%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on ORCL shares. StockNews.com downgraded Oracle from a “buy” rating to a “hold” rating in a research report on Friday, January 24th. Morgan Stanley upped their target price on shares of Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 10th. JMP Securities reissued a “market outperform” rating and issued a $205.00 target price on shares of Oracle in a report on Wednesday, January 22nd. Jefferies Financial Group increased their price target on shares of Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, Citigroup upped their target price on shares of Oracle from $157.00 to $194.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $182.73.

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.