Marcum Wealth LLC Reduces Stock Holdings in Oracle Co. (NYSE:ORCL)

Marcum Wealth LLC cut its position in Oracle Co. (NYSE:ORCL) by 3.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 13,082 shares of the enterprise software provider’s stock after selling 501 shares during the period. Marcum Wealth LLC’s holdings in Oracle were worth $2,229,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Fairway Wealth LLC purchased a new position in shares of Oracle in the second quarter valued at $27,000. Westend Capital Management LLC purchased a new position in Oracle during the 1st quarter valued at about $25,000. POM Investment Strategies LLC bought a new stake in shares of Oracle during the second quarter valued at about $30,000. Bbjs Financial Advisors LLC purchased a new stake in shares of Oracle in the second quarter worth about $35,000. Finally, Quest Partners LLC purchased a new stake in Oracle in the 2nd quarter worth approximately $40,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Stock Performance

Oracle stock opened at $178.20 on Thursday. The stock’s 50 day moving average is $149.25 and its 200 day moving average is $135.86. The company has a market capitalization of $491.09 billion, a P/E ratio of 48.03, a PEG ratio of 3.09 and a beta of 1.01. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $178.61. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68.

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

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be paid a $0.40 dividend. The ex-dividend date is Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.90%. Oracle’s dividend payout ratio is presently 43.13%.

Insider Activity

In related news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the transaction, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Oracle news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction on Monday, September 16th. The stock was sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the sale, the executive vice president now owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Leon E. Panetta sold 15,000 shares of the company’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $137.89, for a total value of $2,068,350.00. Following the transaction, the director now directly owns 58,090 shares in the company, valued at approximately $8,010,030.10. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,146,320 shares of company stock worth $164,762,400 over the last 90 days. 42.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on ORCL shares. Evercore ISI raised their price objective on shares of Oracle from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Guggenheim increased their price target on shares of Oracle from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, September 13th. Argus boosted their price objective on shares of Oracle from $145.00 to $159.00 and gave the company a “buy” rating in a research report on Tuesday, June 18th. Bank of America increased their target price on shares of Oracle from $155.00 to $175.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. Finally, Stifel Nicolaus increased their price objective on Oracle from $135.00 to $155.00 and gave the stock a “hold” rating in a report on Tuesday, September 10th. Ten analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and a consensus target price of $167.42.

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.