Naviter Wealth LLC Purchases 3,562 Shares of Oracle Co. (NYSE:ORCL)

Naviter Wealth LLC increased its position in Oracle Co. (NYSE:ORCL) by 49.5% in the 4th quarter, Holdings Channel reports. The firm owned 10,763 shares of the enterprise software provider’s stock after buying an additional 3,562 shares during the quarter. Naviter Wealth LLC’s holdings in Oracle were worth $1,794,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Rialto Wealth Management LLC bought a new position in shares of Oracle during the 4th quarter worth about $68,000. Hamilton Capital Partners LLC acquired a new position in Oracle in the fourth quarter worth about $10,582,000. Intellectus Partners LLC lifted its stake in Oracle by 19.9% during the fourth quarter. Intellectus Partners LLC now owns 12,743 shares of the enterprise software provider’s stock worth $2,123,000 after purchasing an additional 2,111 shares during the period. Larson Financial Group LLC boosted its holdings in Oracle by 3.6% during the fourth quarter. Larson Financial Group LLC now owns 5,009 shares of the enterprise software provider’s stock valued at $835,000 after purchasing an additional 174 shares in the last quarter. Finally, Generali Investments CEE investicni spolecnost a.s. bought a new stake in shares of Oracle in the 4th quarter valued at approximately $4,916,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Performance

Oracle stock opened at $155.89 on Friday. The company has a market cap of $436.01 billion, a PE ratio of 38.11, a PEG ratio of 3.46 and a beta of 1.07. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a 1 year low of $111.18 and a 1 year high of $198.31. The company’s 50-day moving average is $167.63 and its two-hundred day moving average is $169.30.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. During the same quarter in the prior year, the company earned $1.34 earnings per share. The company’s quarterly revenue was up 8.6% on a year-over-year basis. Equities analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were paid a dividend of $0.40 per share. The ex-dividend date was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.03%. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Evercore ISI raised their target price on Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Cantor Fitzgerald cut Oracle to an “overweight” rating in a report on Monday, February 10th. Guggenheim reaffirmed a “buy” rating and issued a $220.00 target price on shares of Oracle in a report on Wednesday. BMO Capital Markets increased their target price on shares of Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a research report on Tuesday, December 10th. Finally, UBS Group boosted their price target on shares of Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Twelve research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Oracle has an average rating of “Moderate Buy” and a consensus target price of $182.73.

Insider Activity at Oracle

In related news, CEO Safra Catz sold 2,101,154 shares of Oracle stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $207,331,027.20. This trade represents a 65.26 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 42.20% of the stock is currently owned by corporate 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.