Mather Group LLC. Sells 98,534 Shares of Oracle Co. (NYSE:ORCL)

Mather Group LLC. decreased its holdings in Oracle Co. (NYSE:ORCL) by 79.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,788 shares of the enterprise software provider’s stock after selling 98,534 shares during the quarter. Mather Group LLC.’s holdings in Oracle were worth $4,224,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Gabelli Funds LLC boosted its position in Oracle by 7.4% during the fourth quarter. Gabelli Funds LLC now owns 7,827 shares of the enterprise software provider’s stock valued at $825,000 after acquiring an additional 541 shares during the last quarter. Regal Investment Advisors LLC boosted its position in Oracle by 3.7% during the fourth quarter. Regal Investment Advisors LLC now owns 12,518 shares of the enterprise software provider’s stock valued at $1,320,000 after acquiring an additional 448 shares during the last quarter. Bellevue Group AG bought a new stake in Oracle during the fourth quarter valued at $48,000. Visionary Wealth Advisors boosted its position in Oracle by 29.5% during the fourth quarter. Visionary Wealth Advisors now owns 10,939 shares of the enterprise software provider’s stock valued at $1,153,000 after acquiring an additional 2,494 shares during the last quarter. Finally, Icon Wealth Advisors LLC bought a new position in shares of Oracle during the 4th quarter worth about $608,000. Institutional investors own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

ORCL has been the topic of a number of research analyst reports. Stifel Nicolaus increased their price objective on shares of Oracle from $135.00 to $155.00 and gave the stock a “hold” rating in a research report on Tuesday, September 10th. Argus increased their price objective on shares of Oracle from $145.00 to $159.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. Morgan Stanley increased their price objective on shares of Oracle from $125.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 10th. DA Davidson increased their price objective on shares of Oracle from $105.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Oracle from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, June 17th. Ten analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $167.42.

Oracle Stock Up 2.6 %

Oracle stock opened at $174.43 on Wednesday. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $174.64. The firm has a 50 day moving average price of $148.47 and a 200-day moving average price of $135.53. The company has a market capitalization of $483.36 billion, a P/E ratio of 47.02, a P/E/G ratio of 3.09 and a beta of 1.01. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $13.23 billion. During the same period in the previous year, the business earned $0.95 EPS. Oracle’s revenue was up 6.9% compared to the same quarter last year. As a group, equities analysts predict that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.92%. Oracle’s dividend payout ratio (DPR) is currently 43.13%.

Insider Activity

In other news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction on 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 in the company, valued at $7,076,685. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Oracle news, EVP Maria Smith sold 6,320 shares of the business’s 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 completion of the sale, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at $7,076,685. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Leon E. Panetta sold 15,000 shares of the company’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the transaction, the director now directly owns 58,090 shares of the company’s stock, valued at approximately $8,010,030.10. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,146,320 shares of company stock worth $164,762,400 in the last three months. Corporate insiders own 42.80% of the company’s stock.

About Oracle

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.