Ruedi Wealth Management Inc. Lowers Position in Oracle Co. (NYSE:ORCL)

Ruedi Wealth Management Inc. trimmed its position in Oracle Co. (NYSE:ORCL) by 57.8% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 509 shares of the enterprise software provider’s stock after selling 698 shares during the period. Ruedi Wealth Management Inc.’s holdings in Oracle were worth $87,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of ORCL. Fairway Wealth LLC purchased a new stake in Oracle during the second quarter valued at about $27,000. POM Investment Strategies LLC bought a new stake in Oracle during the 2nd quarter valued at approximately $30,000. Bbjs Financial Advisors LLC purchased a new position in Oracle during the second quarter valued at $35,000. Koesten Hirschmann & Crabtree INC. bought a new position in Oracle in the 1st quarter valued at approximately $38,000. Finally, Redmont Wealth Advisors LLC bought a new stake in shares of Oracle in the first quarter worth $40,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analyst Ratings Changes

ORCL has been the topic of several research reports. Mizuho raised their price objective on Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. JMP Securities raised their target price on shares of Oracle from $175.00 to $205.00 and gave the stock a “market outperform” rating in a research report on Friday, October 18th. Guggenheim lifted their price objective on shares of Oracle from $185.00 to $200.00 and gave the company a “buy” rating in a report on Friday, September 13th. TD Cowen boosted their price target on Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Finally, JPMorgan Chase & Co. raised their price target on shares of Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Eleven investment 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, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $168.52.

Oracle Trading Down 0.1 %

ORCL stock traded down $0.21 during midday trading on Wednesday, reaching $175.10. 591,954 shares of the company’s stock traded hands, compared to its average volume of 8,386,872. The business has a 50-day moving average price of $157.93 and a two-hundred day moving average price of $139.38. The company has a market capitalization of $485.21 billion, a P/E ratio of 45.19, a PEG ratio of 3.22 and a beta of 1.01. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $178.61. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The business had revenue of $13.31 billion for the quarter, compared to the consensus estimate of $13.23 billion. During the same period in the prior year, the business posted $0.95 earnings per share. Oracle’s revenue for the quarter was up 6.9% compared to the same quarter last year. Equities research analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.91%. The ex-dividend date is Thursday, October 10th. Oracle’s payout ratio is 41.24%.

Insider Buying and Selling

In other Oracle news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction 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 sale, the executive vice president now directly owns 42,889 shares in the company, valued at approximately $7,076,685. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 42.20% of the stock is owned by insiders.

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.