Telemus Capital LLC Sells 1,782 Shares of Oracle Co. (NYSE:ORCL)

Telemus Capital LLC lowered its position in shares of Oracle Co. (NYSE:ORCL) by 3.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,195 shares of the enterprise software provider’s stock after selling 1,782 shares during the period. Telemus Capital LLC’s holdings in Oracle were worth $4,976,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Orion Capital Management LLC purchased a new position in Oracle in the third quarter valued at about $25,000. Ritter Daniher Financial Advisory LLC DE grew its stake in Oracle by 298.4% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock valued at $26,000 after purchasing an additional 182 shares during the last quarter. Spartan Planning & Wealth Management purchased a new position in Oracle in the third quarter valued at about $27,000. Cornerstone Planning Group LLC grew its stake in Oracle by 1,268.0% in the third quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock valued at $36,000 after purchasing an additional 317 shares during the last quarter. Finally, BOK Financial Private Wealth Inc. boosted its holdings in Oracle by 139.4% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 371 shares of the enterprise software provider’s stock worth $39,000 after acquiring an additional 216 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 790,000 shares of the company’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total value of $99,966,600.00. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 42.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

ORCL has been the subject of several recent analyst reports. The Goldman Sachs Group raised their price target on Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, March 13th. William Blair raised Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. KeyCorp assumed coverage on Oracle in a report on Thursday, March 21st. They issued an “overweight” rating and a $150.00 price target for the company. StockNews.com downgraded Oracle from a “buy” rating to a “hold” rating in a report on Thursday, March 21st. Finally, Oppenheimer assumed coverage on Oracle in a report on Thursday, April 18th. They set a “market perform” rating for the company. Eleven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, Oracle presently has an average rating of “Moderate Buy” and a consensus price target of $130.76.

Oracle Stock Down 0.3 %

Shares of ORCL opened at $114.53 on Tuesday. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85. Oracle Co. has a one year low of $93.29 and a one year high of $132.77. The stock has a market capitalization of $314.79 billion, a price-to-earnings ratio of 30.22, a PEG ratio of 2.30 and a beta of 1.01. The stock has a 50 day moving average price of $119.21 and a 200 day moving average price of $113.00.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, topping the consensus estimate of $1.37 by $0.04. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The firm had revenue of $13.28 billion during the quarter, compared to analysts’ expectations of $13.29 billion. During the same period in the previous year, the business earned $0.96 earnings per share. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. Equities research analysts forecast that Oracle Co. will post 4.44 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.40%. The ex-dividend date is Tuesday, April 9th. Oracle’s payout ratio is currently 42.22%.

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.