Atlas Wealth LLC Has $503,000 Stake in Oracle Co. (NYSE:ORCL)

Atlas Wealth LLC decreased its stake in Oracle Co. (NYSE:ORCL) by 5.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,016 shares of the enterprise software provider’s stock after selling 166 shares during the quarter. Atlas Wealth LLC’s holdings in Oracle were worth $503,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Howard Capital Management Group LLC boosted its stake in Oracle by 12.4% in the third quarter. Howard Capital Management Group LLC now owns 8,019 shares of the enterprise software provider’s stock worth $1,366,000 after purchasing an additional 883 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Oracle by 5.3% in the third quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock worth $411,748,000 after purchasing an additional 121,874 shares in the last quarter. United Bank boosted its stake in Oracle by 4.8% in the third quarter. United Bank now owns 11,430 shares of the enterprise software provider’s stock worth $1,948,000 after purchasing an additional 519 shares in the last quarter. Prospera Private Wealth LLC acquired a new position in Oracle in the third quarter worth $70,000. Finally, Moran Wealth Management LLC bought a new stake in shares of Oracle during the third quarter worth $1,882,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Transactions at Oracle

In related news, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total transaction of $389,448,893.90. 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 $207,331,027.20. This represents a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 42.20% of the stock is owned by insiders.

Oracle Stock Up 0.1 %

ORCL stock opened at $152.83 on Friday. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market capitalization of $427.45 billion, a P/E ratio of 37.37, a P/E/G ratio of 3.46 and a beta of 1.07. The business has a 50-day moving average of $164.87 and a 200-day moving average of $169.85. Oracle Co. has a fifty-two week low of $112.78 and a fifty-two week high of $198.31.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.02). The firm 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 firm’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.41 earnings per share. On average, sell-side analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be given a dividend of $0.50 per share. This is a boost from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend is Thursday, April 10th. Oracle’s dividend payout ratio is currently 46.95%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ORCL shares. Citigroup dropped their target price on Oracle from $194.00 to $160.00 and set a “neutral” rating for the company in a research report on Wednesday, March 12th. JPMorgan Chase & Co. dropped their target price on Oracle from $140.00 to $135.00 and set a “neutral” rating for the company in a research report on Tuesday, March 11th. Jefferies Financial Group boosted their target price on Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. JMP Securities restated a “market outperform” rating and set a $205.00 target price on shares of Oracle in a research report on Wednesday, January 22nd. Finally, Mizuho boosted their target price on Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Thirteen research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $179.20.

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.