Whalen Wealth Management Inc. Sells 185 Shares of Oracle Co. (NYSE:ORCL)

Whalen Wealth Management Inc. lowered its position in shares of Oracle Co. (NYSE:ORCL) by 3.0% during the fourth quarter, HoldingsChannel reports. The fund owned 5,894 shares of the enterprise software provider’s stock after selling 185 shares during the quarter. Oracle comprises about 0.7% of Whalen Wealth Management Inc.’s portfolio, making the stock its 28th largest holding. Whalen Wealth Management Inc.’s holdings in Oracle were worth $982,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Winch Advisory Services LLC raised its stake in 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 buying an additional 87 shares during the last quarter. Reston Wealth Management LLC bought a new position in shares of Oracle in the 3rd quarter worth about $44,000. Avondale Wealth Management acquired a new position in shares of Oracle in the 3rd quarter valued at about $51,000. Friedenthal Financial bought a new stake in shares of Oracle during the 3rd quarter valued at about $51,000. Finally, Activest Wealth Management grew its stake in Oracle by 21.9% during the third quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock worth $53,000 after purchasing an additional 56 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Mizuho boosted their target price on shares of Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Monness Crespi & Hardt cut shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price objective on the stock. in a research report on Friday, December 20th. BMO Capital Markets boosted their target price on Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a research report on Tuesday, December 10th. Jefferies Financial Group increased their price target on Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, BNP Paribas upgraded Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $182.73.

Oracle Stock Up 6.7 %

Shares of NYSE ORCL opened at $184.18 on Thursday. The company has a market cap of $515.14 billion, a P/E ratio of 45.03, a PEG ratio of 3.39 and a beta of 1.06. The firm has a 50-day simple moving average of $174.43 and a two-hundred day simple moving average of $162.05. Oracle Co. has a 1 year low of $106.51 and a 1 year high of $198.31. 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 (NYSE:ORCL) last announced its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share 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 the consensus estimate of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.34 EPS. Research analysts anticipate that Oracle Co. will post 5.01 earnings per share for the current 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 issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s payout ratio is 39.12%.

Oracle 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.