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

Wealth Dimensions Group Ltd. decreased its position in Oracle Co. (NYSE:ORCL) by 4.7% in the 3rd quarter, HoldingsChannel.com reports. The fund 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.

A number of other large investors also recently made changes to their positions in the company. Principal Financial Group Inc. grew its stake in Oracle by 5.3% in the 3rd quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock valued at $411,748,000 after purchasing an additional 121,874 shares during the period. Itau Unibanco Holding S.A. grew its position in Oracle by 15.3% during the second quarter. Itau Unibanco Holding S.A. now owns 24,800 shares of the enterprise software provider’s stock valued at $3,502,000 after buying an additional 3,300 shares during the period. Chase Investment Counsel Corp purchased a new stake in Oracle during the third quarter worth about $4,160,000. Oppenheimer Asset Management Inc. boosted its stake in Oracle by 79.6% in the third quarter. Oppenheimer Asset Management Inc. now owns 286,460 shares of the enterprise software provider’s stock valued at $48,813,000 after acquiring an additional 126,985 shares during the last quarter. Finally, Buckley Wealth Management LLC boosted its stake in Oracle by 63.8% in the third quarter. Buckley Wealth Management LLC now owns 7,370 shares of the enterprise software provider’s stock valued at $1,256,000 after acquiring an additional 2,870 shares during the last quarter. 42.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ORCL has been the topic of a number of research reports. DA Davidson lifted their price target on shares of Oracle from $105.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. JPMorgan Chase & Co. boosted their target price on Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a research note on Wednesday. Guggenheim upped their price objective on shares of Oracle from $185.00 to $200.00 and gave the company a “buy” rating in a report on Friday, September 13th. Finally, Sanford C. Bernstein increased their target price on shares of Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. Eleven 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 an average price target of $169.52.

Oracle Price Performance

ORCL stock opened at $192.29 on Friday. The firm has a 50 day simple moving average of $175.62 and a two-hundred day simple moving average of $149.41. The stock has a market cap of $532.85 billion, a PE ratio of 49.56, a P/E/G ratio of 3.55 and a beta of 1.02. Oracle Co. has a one year low of $99.26 and a one year high of $196.04. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72.

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

Oracle Dividend Announcement

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

Insider Activity at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the transaction, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. The trade was a 12.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 42.20% of the stock is currently owned by company insiders.

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.