Argonautica Private Wealth Management Inc. Sells 252 Shares of Oracle Co. (NYSE:ORCL)

Argonautica Private Wealth Management Inc. cut its position in Oracle Co. (NYSE:ORCL) by 0.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,830 shares of the enterprise software provider’s stock after selling 252 shares during the quarter. Oracle comprises about 1.3% of Argonautica Private Wealth Management Inc.’s holdings, making the stock its 20th largest position. Argonautica Private Wealth Management Inc.’s holdings in Oracle were worth $3,145,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Sandy Spring Bank grew its position in Oracle by 1.4% during the fourth quarter. Sandy Spring Bank now owns 78,049 shares of the enterprise software provider’s stock worth $8,229,000 after buying an additional 1,107 shares in the last quarter. LVM Capital Management Ltd. MI boosted its holdings in shares of Oracle by 3.5% in the 4th quarter. LVM Capital Management Ltd. MI now owns 5,986 shares of the enterprise software provider’s stock worth $631,000 after purchasing an additional 200 shares in the last quarter. Quantum Private Wealth LLC purchased a new position in shares of Oracle in the 3rd quarter worth about $229,000. Cooper Financial Group lifted its stake in shares of Oracle by 43.4% in the 4th quarter. Cooper Financial Group now owns 5,038 shares of the enterprise software provider’s stock valued at $531,000 after acquiring an additional 1,525 shares during the last quarter. Finally, Mendota Financial Group LLC bought a new stake in shares of Oracle in the 4th quarter valued at about $171,000. 42.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Oracle

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

Analyst Upgrades and Downgrades

ORCL has been the subject of a number of recent research reports. HSBC boosted their target price on Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. The Goldman Sachs Group upped their price target on Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research report on Wednesday, March 13th. KeyCorp started coverage on Oracle in a research report on Thursday, March 21st. They set an “overweight” rating and a $150.00 price target for the company. BMO Capital Markets upped their price target on Oracle from $126.00 to $142.00 and gave the company a “market perform” rating in a research report on Tuesday, March 12th. Finally, StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a research report on Tuesday. Ten investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $130.76.

Oracle Trading Up 2.0 %

Shares of NYSE ORCL traded up $2.32 during midday trading on Friday, reaching $117.21. 8,355,111 shares of the stock were exchanged, compared to its average volume of 5,810,524. Oracle Co. has a twelve month low of $93.29 and a twelve month high of $132.77. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85. The company has a 50 day simple moving average of $119.42 and a 200 day simple moving average of $113.11. The stock has a market capitalization of $322.15 billion, a P/E ratio of 30.93, a PEG ratio of 2.30 and a beta of 1.01.

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

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th were given a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.60 annualized dividend and a yield of 1.37%. Oracle’s dividend payout ratio is presently 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.