Oracle Co. (NYSE:ORCL) Shares Sold by Wilson & Boucher Capital Management LLC

Wilson & Boucher Capital Management LLC decreased its position in shares of Oracle Co. (NYSE:ORCL) by 3.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,655 shares of the enterprise software provider’s stock after selling 635 shares during the quarter. Oracle comprises about 1.8% of Wilson & Boucher Capital Management LLC’s investment portfolio, making the stock its 13th largest holding. Wilson & Boucher Capital Management LLC’s holdings in Oracle were worth $2,668,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of ORCL. Fairway Wealth LLC acquired a new position in shares of Oracle during the second quarter valued at $27,000. POM Investment Strategies LLC acquired a new position in shares of Oracle during the second quarter valued at $30,000. Quest Partners LLC acquired a new position in shares of Oracle during the second quarter valued at $40,000. Reston Wealth Management LLC acquired a new stake in Oracle in the third quarter worth about $44,000. Finally, Avondale Wealth Management acquired a new stake in Oracle in the third quarter worth about $51,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Price Performance

NYSE ORCL opened at $177.74 on Wednesday. The stock’s 50-day moving average price is $179.76 and its two-hundred day moving average price is $154.67. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. The company has a market cap of $492.53 billion, a PE ratio of 45.81, a PEG ratio of 3.49 and a beta of 1.03. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $198.31.

Oracle (NYSE:ORCL) last released its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a net margin of 20.40% and a return on equity of 171.38%. The business had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. During the same period last year, the firm earned $1.34 EPS. The company’s revenue was up 8.6% compared to the same quarter last year. On average, analysts predict that Oracle Co. will post 5.06 EPS for the current year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Thursday, January 9th will be paid a dividend of $0.40 per share. The ex-dividend date is Thursday, January 9th. This represents a $1.60 annualized dividend and a yield of 0.90%. Oracle’s dividend payout ratio (DPR) is presently 41.24%.

Insider Buying and Selling at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction dated 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 owns 42,889 shares of the company’s stock, valued at $7,076,685. The trade was a 12.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 42.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ORCL. StockNews.com downgraded shares of Oracle from a “buy” rating to a “hold” rating in a report on Tuesday. BMO Capital Markets upped their price objective on shares of Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a report on Tuesday. Morgan Stanley upped their price objective on shares of Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a report on Tuesday. Citigroup upped their price objective on shares of Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, UBS Group upped their price objective on shares of Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday. Twelve analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $181.48.

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.