Total Clarity Wealth Management Inc. Sells 136 Shares of Oracle Co. (NYSE:ORCL)

Total Clarity Wealth Management Inc. lowered its position in shares of Oracle Co. (NYSE:ORCL) by 3.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 4,309 shares of the enterprise software provider’s stock after selling 136 shares during the quarter. Total Clarity Wealth Management Inc.’s holdings in Oracle were worth $718,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. raised its position in Oracle by 5.3% during the 3rd quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock worth $411,748,000 after purchasing an additional 121,874 shares during the last quarter. RMR Wealth Builders raised its holdings in shares of Oracle by 383.4% in the 4th quarter. RMR Wealth Builders now owns 7,155 shares of the enterprise software provider’s stock worth $1,192,000 after purchasing an additional 5,675 shares during the period. Foundations Investment Advisors LLC raised its holdings in shares of Oracle by 24.8% in the 4th quarter. Foundations Investment Advisors LLC now owns 164,593 shares of the enterprise software provider’s stock worth $27,428,000 after purchasing an additional 32,718 shares during the period. Chase Investment Counsel Corp bought a new stake in Oracle during the 3rd quarter valued at $4,160,000. Finally, Crews Bank & Trust purchased a new position in shares of Oracle during the 4th quarter valued at $1,800,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on ORCL shares. Guggenheim upped their price target on shares of Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. KeyCorp upped their price objective on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Stifel Nicolaus upped their target price on shares of Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. JMP Securities reaffirmed a “market outperform” rating and issued a $205.00 price target on shares of Oracle in a report on Wednesday, January 22nd. Finally, DA Davidson raised their target price on shares of Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a research 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 company’s stock. According to MarketBeat, Oracle presently has a consensus rating of “Moderate Buy” and a consensus price target of $182.73.

Oracle Trading Down 0.3 %

Shares of ORCL stock opened at $169.91 on Friday. Oracle Co. has a 12 month low of $106.51 and a 12 month high of $198.31. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The business’s 50 day moving average is $172.34 and its two-hundred day moving average is $163.08. The company has a market cap of $475.24 billion, a PE ratio of 41.54, a price-to-earnings-growth ratio of 3.19 and a beta of 1.06.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.01). The company had revenue of $14.06 billion during 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 revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.34 EPS. Equities analysts predict that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were given a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 annualized dividend and a yield of 0.94%. Oracle’s dividend payout ratio (DPR) is currently 39.12%.

Insider Buying and Selling at Oracle

In other news, CEO Safra Catz sold 2,101,154 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. The trade was a 65.26 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 42.20% of the company’s stock.

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.