Endowment Wealth Management Inc. Sells 81 Shares of Oracle Co. (NYSE:ORCL)

Endowment Wealth Management Inc. reduced its position in Oracle Co. (NYSE:ORCL) by 3.4% during the third quarter, HoldingsChannel reports. The fund owned 2,333 shares of the enterprise software provider’s stock after selling 81 shares during the quarter. Endowment Wealth Management Inc.’s holdings in Oracle were worth $398,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Fairway Wealth LLC bought a new position in shares of Oracle in the second quarter worth $27,000. POM Investment Strategies LLC bought a new position in Oracle in the 2nd quarter worth about $30,000. Bbjs Financial Advisors LLC bought a new position in Oracle in the 2nd quarter worth about $35,000. Reston Wealth Management LLC purchased a new position in Oracle during the 3rd quarter valued at about $44,000. Finally, Quest Partners LLC bought a new stake in shares of Oracle during the second quarter valued at about $40,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the transaction, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 42.20% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on ORCL shares. DA Davidson boosted their price objective on shares of Oracle from $105.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. TD Cowen raised their price target on shares of Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Sanford C. Bernstein upped their price target on shares of Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. Bank of America increased their price objective on Oracle from $155.00 to $175.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. Finally, Melius Research upgraded Oracle from a “hold” rating to a “buy” rating in a research report on Monday, September 16th. Eleven research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $168.52.

Oracle Stock Up 0.0 %

Shares of NYSE:ORCL opened at $189.62 on Thursday. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $191.77. 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 stock’s 50-day moving average price is $170.41 and its 200-day moving average price is $145.85. The stock has a market capitalization of $525.45 billion, a P/E ratio of 48.87, a price-to-earnings-growth ratio of 3.49 and a beta of 1.02.

Oracle (NYSE:ORCL) last posted its quarterly 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. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The business had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. Oracle’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period last year, the company earned $0.95 EPS. On average, equities analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.84%. Oracle’s payout ratio is currently 41.24%.

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.