Alteri Wealth LLC Invests $686,000 in Oracle Co. (NYSE:ORCL)

Alteri Wealth LLC acquired a new stake in shares of Oracle Co. (NYSE:ORCL - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 4,119 shares of the enterprise software provider's stock, valued at approximately $686,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ORCL. R Squared Ltd acquired a new stake in Oracle in the fourth quarter valued at approximately $25,000. Winch Advisory Services LLC boosted its holdings in Oracle by 89.7% in the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider's stock worth $31,000 after acquiring an additional 87 shares in the last quarter. Hurley Capital LLC purchased a new stake in shares of Oracle during the fourth quarter worth about $33,000. Synergy Investment Management LLC purchased a new position in shares of Oracle in the 4th quarter valued at approximately $34,000. Finally, TFC Financial Management Inc. boosted its stake in Oracle by 129.0% in the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider's stock worth $35,000 after purchasing an additional 120 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ORCL. Bank of America lowered their price objective on shares of Oracle from $195.00 to $175.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th. UBS Group reissued a "market perform" rating on shares of Oracle in a report on Tuesday, March 11th. Citigroup cut their price target on shares of Oracle from $194.00 to $160.00 and set a "neutral" rating on the stock in a report on Wednesday, March 12th. Guggenheim restated a "buy" rating and set a $220.00 price objective on shares of Oracle in a research note on Thursday, April 3rd. Finally, StockNews.com cut shares of Oracle from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th. Fourteen investment 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's stock. According to data from MarketBeat.com, Oracle has an average rating of "Moderate Buy" and a consensus price target of $174.42.

Insider Activity

In other news, Director Leon E. Panetta sold 5,000 shares of the firm's stock in a transaction on Friday, April 11th. The shares were sold at an average price of $129.77, for a total value of $648,850.00. Following the sale, the director now directly owns 58,090 shares in the company, valued at approximately $7,538,339.30. This trade represents a 7.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Naomi O. Seligman sold 2,000 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total value of $291,620.00. Following the completion of the transaction, the director now owns 34,630 shares in the company, valued at approximately $5,049,400.30. The trade was a 5.46 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 42.20% of the company's stock.

Oracle Stock Performance

NYSE ORCL opened at $150.77 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. The stock's fifty day moving average is $143.62 and its two-hundred day moving average is $163.90. The firm has a market capitalization of $421.70 billion, a P/E ratio of 36.86, a price-to-earnings-growth ratio of 3.46 and a beta of 1.22. Oracle Co. has a fifty-two week low of $114.55 and a fifty-two week high of $198.31.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by ($0.02). The firm had revenue of $14.13 billion during the quarter, compared to analysts' expectations of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.41 EPS. On average, research analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th were paid a dividend of $0.50 per share. This is a boost from Oracle's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $2.00 annualized dividend and a yield of 1.33%. Oracle's dividend payout ratio (DPR) is 46.95%.

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.

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