Kolinsky Wealth Management LLC Has $392,000 Holdings in Oracle Co. (NYSE:ORCL)

Kolinsky Wealth Management LLC lessened its stake in shares of Oracle Co. (NYSE:ORCLFree Report) by 3.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,721 shares of the enterprise software provider’s stock after selling 124 shares during the period. Kolinsky Wealth Management LLC’s holdings in Oracle were worth $392,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Orion Capital Management LLC acquired a new stake in Oracle in the third quarter valued at $25,000. Ritter Daniher Financial Advisory LLC DE grew its holdings in Oracle by 298.4% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock worth $26,000 after purchasing an additional 182 shares during the period. Spartan Planning & Wealth Management acquired a new position in Oracle during the third quarter worth approximately $27,000. Tidemark LLC bought a new stake in Oracle in the fourth quarter valued at approximately $29,000. Finally, Nordwand Advisors LLC acquired a new stake in shares of Oracle in the fourth quarter valued at approximately $30,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Up 2.0 %

Shares of NYSE:ORCL traded up $2.42 during trading on Friday, reaching $125.92. 11,544,957 shares of the stock were exchanged, compared to its average volume of 6,887,071. The stock has a fifty day moving average of $120.21 and a two-hundred day moving average of $115.54. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $132.77. The company has a debt-to-equity ratio of 13.34, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market cap of $346.09 billion, a price-to-earnings ratio of 33.23, a price-to-earnings-growth ratio of 2.55 and a beta of 1.01.

Oracle (NYSE:ORCLGet Free Report) last released its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.04. The firm had revenue of $13.28 billion for the quarter, compared to the consensus estimate of $13.29 billion. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The business’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.96 earnings per share. Research analysts anticipate that Oracle Co. will post 4.44 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.27%. The ex-dividend date was Tuesday, April 9th. Oracle’s dividend payout ratio (DPR) is presently 42.22%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ORCL. William Blair upgraded Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. The Goldman Sachs Group boosted their price objective on shares of Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research report on Wednesday, March 13th. BMO Capital Markets increased their target price on shares of Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a report on Tuesday, March 12th. HSBC boosted their target price on shares of Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Finally, StockNews.com cut Oracle from a “buy” rating to a “hold” rating in a report on Thursday. Eleven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $130.76.

Check Out Our Latest Stock Report on ORCL

Insiders Place Their Bets

In other Oracle news, Director George H. Conrades sold 25,000 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $116.13, for a total value of $2,903,250.00. Following the completion of the sale, the director now directly owns 17,836 shares of the company’s stock, valued at approximately $2,071,294.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director George H. Conrades sold 25,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $116.13, for a total value of $2,903,250.00. Following the transaction, the director now directly owns 17,836 shares of the company’s stock, valued at approximately $2,071,294.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael J. Boskin sold 45,000 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $117.74, for a total transaction of $5,298,300.00. Following the transaction, the director now directly owns 87,473 shares of the company’s stock, valued at $10,299,071.02. The disclosure for this sale can be found here. Insiders have sold 880,000 shares of company stock valued at $110,488,150 in the last three months. 42.80% of the stock is currently owned by insiders.

About Oracle

(Free Report)

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.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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