GW Henssler & Associates Ltd. Reduces Stock Position in Oracle Co. (NYSE:ORCL)


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GW Henssler & Associates Ltd. lessened its stake in Oracle Co. (NYSE:ORCL) by 0.9% in the 1st quarter, HoldingsChannel.com reports. The fund owned 149,604 shares of the enterprise software provider’s stock after selling 1,419 shares during the period. GW Henssler & Associates Ltd.’s holdings in Oracle were worth $10,498,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Norges Bank acquired a new position in Oracle in the fourth quarter valued at $1,107,842,000. Fisher Asset Management LLC boosted its stake in shares of Oracle by 2.9% during the first quarter. Fisher Asset Management LLC now owns 14,341,957 shares of the enterprise software provider’s stock worth $1,006,375,000 after buying an additional 407,791 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Oracle by 2.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 14,334,074 shares of the enterprise software provider’s stock worth $927,271,000 after buying an additional 303,342 shares during the period. Nuveen Asset Management LLC boosted its stake in shares of Oracle by 41.6% during the fourth quarter. Nuveen Asset Management LLC now owns 11,363,258 shares of the enterprise software provider’s stock worth $735,090,000 after buying an additional 3,340,696 shares during the period. Finally, Morgan Stanley boosted its stake in shares of Oracle by 6.5% during the fourth quarter. Morgan Stanley now owns 10,379,119 shares of the enterprise software provider’s stock worth $671,427,000 after buying an additional 637,044 shares during the period. Institutional investors own 47.54% of the company’s stock.

NYSE ORCL traded up $0.90 during mid-day trading on Tuesday, reaching $78.23. 402,592 shares of the stock were exchanged, compared to its average volume of 12,669,851. The stock has a market capitalization of $225.58 billion, a PE ratio of 23.70, a PEG ratio of 1.79 and a beta of 0.76. The business’s fifty day simple moving average is $72.88 and its 200 day simple moving average is $64.35. Oracle Co. has a 1-year low of $50.86 and a 1-year high of $80.21. The company has a debt-to-equity ratio of 7.37, a quick ratio of 2.17 and a current ratio of 2.17.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Tuesday, March 9th. The enterprise software provider reported $1.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.05. The company had revenue of $10.09 billion for the quarter, compared to analyst estimates of $10.07 billion. Oracle had a net margin of 26.34% and a return on equity of 101.26%. Oracle’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter last year, the business earned $0.97 EPS. On average, analysts anticipate that Oracle Co. will post 3.86 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, April 22nd. Shareholders of record on Thursday, April 8th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend was Wednesday, April 7th. This is a positive change from Oracle’s previous quarterly dividend of $0.24. Oracle’s dividend payout ratio (DPR) is 36.99%.

Several brokerages have recently weighed in on ORCL. Citigroup initiated coverage on shares of Oracle in a research note on Wednesday, March 3rd. They set a “neutral” rating and a $65.00 target price for the company. JPMorgan Chase & Co. reissued a “buy” rating and set a $73.00 price target on shares of Oracle in a report on Thursday, March 11th. KeyCorp increased their price target on shares of Oracle from $70.00 to $82.00 and gave the stock an “overweight” rating in a report on Monday, March 15th. Barclays raised shares of Oracle from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $66.00 to $80.00 in a report on Thursday, March 11th. Finally, Societe Generale reissued a “hold” rating on shares of Oracle in a report on Wednesday, March 17th. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating and ten have given a buy rating to the stock. Oracle has a consensus rating of “Hold” and a consensus price target of $71.36.

In related news, CEO Safra Catz sold 1,150,000 shares of Oracle stock in a transaction on Monday, March 22nd. The shares were sold at an average price of $66.31, for a total transaction of $76,256,500.00. Following the transaction, the chief executive officer now owns 2,218,592 shares in the company, valued at approximately $147,114,835.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of Oracle stock in a transaction on Friday, March 5th. The shares were sold at an average price of $70.03, for a total transaction of $28,012,000.00. Following the transaction, the insider now owns 400,000 shares in the company, valued at approximately $28,012,000. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,508,000 shares of company stock worth $306,882,810. 39.10% of the stock is owned by company insiders.

Oracle Company Profile

Oracle Corporation provides 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 enterprise resource planning (ERP) cloud, Oracle enterprise and performance management cloud, Oracle supply chain management cloud, Oracle human capital management cloud, Oracle customer experience cloud, and NetSuite application suite.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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