Oracle Co. (NYSE:ORCL) Shares Bought by Moran Wealth Management LLC

Moran Wealth Management LLC grew its stake in Oracle Co. (NYSE:ORCL) by 11.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,351 shares of the enterprise software provider’s stock after purchasing an additional 1,304 shares during the quarter. Moran Wealth Management LLC’s holdings in Oracle were worth $2,058,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of ORCL. R Squared Ltd purchased a new position in Oracle in the 4th quarter valued at $25,000. Winch Advisory Services LLC raised its position in shares of Oracle by 89.7% in the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after buying an additional 87 shares during the last quarter. Synergy Investment Management LLC purchased a new position in shares of Oracle in the fourth quarter worth about $34,000. TFC Financial Management Inc. boosted its position in Oracle by 129.0% during the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock worth $35,000 after acquiring an additional 120 shares during the last quarter. Finally, Synergy Asset Management LLC purchased a new stake in Oracle during the 4th quarter valued at about $47,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

ORCL has been the topic of a number of research reports. UBS Group reissued a “market perform” rating on shares of Oracle in a research note on Tuesday. JMP Securities reissued a “market outperform” rating and set a $205.00 price objective on shares of Oracle in a research note on Wednesday, January 22nd. Bank of America cut their target price on Oracle from $195.00 to $175.00 and set a “neutral” rating for the company in a research note on Tuesday. JPMorgan Chase & Co. lowered their price target on shares of Oracle from $140.00 to $135.00 and set a “neutral” rating on the stock in a research report on Tuesday. Finally, Morgan Stanley cut their price objective on shares of Oracle from $175.00 to $170.00 and set an “equal weight” rating for the company in a research report on Tuesday. Twelve analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and a consensus target price of $178.92.

Insiders Place Their Bets

In other news, CEO Safra Catz sold 345,174 shares of the company’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $207,565,931.52. This represents a 23.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 42.20% of the stock is currently owned by company insiders.

Oracle Stock Performance

NYSE:ORCL opened at $144.29 on Wednesday. Oracle Co. has a 52 week low of $112.78 and a 52 week high of $198.31. The company has a fifty day simple moving average of $166.82 and a two-hundred day simple moving average of $169.62. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The company has a market cap of $403.58 billion, a price-to-earnings ratio of 35.28, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07.

Oracle (NYSE:ORCL) last released its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.02). The company had revenue of $14.13 billion for the quarter, compared to analyst estimates of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.41 earnings per share. As a group, equities analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.00 dividend on an annualized basis and a yield of 1.39%. This is an increase from Oracle’s previous quarterly dividend of $0.40. Oracle’s payout ratio is currently 39.12%.

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.