Oracle Co. (NYSE:ORCL) Holdings Boosted by 1900 Wealth Management LLC

1900 Wealth Management LLC grew its holdings in Oracle Co. (NYSE:ORCL) by 3.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,697 shares of the enterprise software provider’s stock after purchasing an additional 111 shares during the period. 1900 Wealth Management LLC’s holdings in Oracle were worth $616,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brookstone Capital Management increased its stake in shares of Oracle by 2.3% during the 3rd quarter. Brookstone Capital Management now owns 28,458 shares of the enterprise software provider’s stock worth $4,849,000 after purchasing an additional 630 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new position in Oracle during the 3rd quarter worth $72,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its holdings in Oracle by 76.7% during the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,496 shares of the enterprise software provider’s stock valued at $766,000 after acquiring an additional 1,952 shares during the period. Wedmont Private Capital grew its position in shares of Oracle by 14.2% in the third quarter. Wedmont Private Capital now owns 89,486 shares of the enterprise software provider’s stock valued at $15,210,000 after purchasing an additional 11,119 shares during the last quarter. Finally, Adirondack Trust Co. increased its stake in shares of Oracle by 0.8% in the third quarter. Adirondack Trust Co. now owns 8,636 shares of the enterprise software provider’s stock worth $1,472,000 after purchasing an additional 67 shares during the period. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Activity at Oracle

In related news, CEO Safra Catz sold 2,101,154 shares of the company’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $207,331,027.20. This represents a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 42.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ORCL shares. Monness Crespi & Hardt lowered shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price objective for the company. in a research report on Friday, December 20th. Stifel Nicolaus increased their target price on Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. Evercore ISI increased their price objective on Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Cantor Fitzgerald assumed coverage on shares of Oracle in a research report on Friday, January 17th. They set an “overweight” rating and a $214.00 price target for the company. Finally, DA Davidson increased their target price on Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and an average target price of $182.73.

Oracle Price Performance

NYSE:ORCL opened at $172.53 on Friday. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. Oracle Co. has a 52 week low of $106.51 and a 52 week high of $198.31. The firm’s 50-day simple moving average is $170.83 and its 200 day simple moving average is $164.05. The firm has a market cap of $482.56 billion, a price-to-earnings ratio of 42.18, a P/E/G ratio of 3.35 and a beta of 1.05.

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

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.93%. The ex-dividend date was Friday, January 10th. Oracle’s payout ratio is 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.