WealthTrak Capital Management LLC Buys Shares of 374 Oracle Co. (NYSE:ORCL)

WealthTrak Capital Management LLC purchased a new stake in Oracle Co. (NYSE:ORCL) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 374 shares of the enterprise software provider’s stock, valued at approximately $62,000.

Several other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in Oracle by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider’s stock valued at $26,231,127,000 after purchasing an additional 2,296,069 shares during the last quarter. State Street Corp boosted its holdings in shares of Oracle by 2.7% in the 3rd quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock valued at $12,003,241,000 after buying an additional 1,847,561 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Oracle by 2.6% in the 3rd quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider’s stock worth $5,977,015,000 after buying an additional 885,041 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Oracle by 11.6% in the 3rd quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock worth $3,370,640,000 after buying an additional 1,917,416 shares during the last quarter. Finally, Fisher Asset Management LLC raised its stake in shares of Oracle by 0.5% during the 4th quarter. Fisher Asset Management LLC now owns 17,995,664 shares of the enterprise software provider’s stock worth $2,998,798,000 after acquiring an additional 97,635 shares in the last quarter. 42.44% of the stock is owned by institutional investors.

Oracle Price Performance

Shares of NYSE ORCL opened at $140.75 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 $393.67 billion, a price-to-earnings ratio of 34.41, a PEG ratio of 3.46 and a beta of 1.07. The firm’s 50 day simple moving average is $163.94 and its 200-day simple moving average is $170.12. Oracle Co. has a 12 month low of $112.78 and a 12 month high of $198.31.

Oracle (NYSE:ORCL) last released its quarterly 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 firm had revenue of $14.13 billion for the quarter, compared to analyst estimates of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.41 EPS. Analysts expect that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be given a dividend of $0.50 per share. 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 1.42%. This is an increase from Oracle’s previous quarterly dividend of $0.40. Oracle’s dividend payout ratio is currently 46.95%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Cantor Fitzgerald cut their price target on shares of Oracle from $214.00 to $175.00 and set an “overweight” rating on the stock in a report on Tuesday, March 11th. StockNews.com downgraded Oracle from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Guggenheim reiterated a “buy” rating and issued a $220.00 price target on shares of Oracle in a research note on Wednesday, March 5th. Stephens started coverage on Oracle in a report on Wednesday, March 19th. They issued an “equal weight” rating and a $167.00 price target for the company. Finally, UBS Group restated a “market perform” rating on shares of Oracle in a report on Tuesday, March 11th. Thirteen research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $179.20.

Insider Buying and Selling at Oracle

In other news, CEO Safra Catz sold 345,174 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at $207,565,931.52. This trade represents a 23.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 42.20% of the stock is owned by corporate insiders.

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.