Cetera Investment Advisers raised its position in Oracle Co. (NYSE:ORCL - Free Report) by 5.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 427,885 shares of the enterprise software provider's stock after purchasing an additional 20,816 shares during the quarter. Cetera Investment Advisers' holdings in Oracle were worth $71,303,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Requisite Capital Management LLC grew its position in Oracle by 2.8% in the 4th quarter. Requisite Capital Management LLC now owns 2,240 shares of the enterprise software provider's stock valued at $373,000 after acquiring an additional 60 shares during the last quarter. Cookson Peirce & Co. Inc. boosted its stake in shares of Oracle by 4.4% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider's stock valued at $237,000 after purchasing an additional 60 shares during the period. McLean Asset Management Corp grew its holdings in shares of Oracle by 1.1% in the fourth quarter. McLean Asset Management Corp now owns 5,447 shares of the enterprise software provider's stock worth $908,000 after purchasing an additional 61 shares during the last quarter. Warther Private Wealth LLC boosted its holdings in shares of Oracle by 1.8% in the fourth quarter. Warther Private Wealth LLC now owns 3,621 shares of the enterprise software provider's stock valued at $603,000 after purchasing an additional 63 shares during the period. Finally, Howard Bailey Securities LLC grew its stake in Oracle by 2.9% in the fourth quarter. Howard Bailey Securities LLC now owns 2,274 shares of the enterprise software provider's stock worth $379,000 after purchasing an additional 64 shares in the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.
Oracle Stock Performance
ORCL stock traded down $0.12 during midday trading on Friday, reaching $150.18. The stock had a trading volume of 4,698,183 shares, compared to its average volume of 9,433,933. 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 firm has a fifty day simple moving average of $142.26 and a two-hundred day simple moving average of $163.20. The stock has a market cap of $420.05 billion, a PE ratio of 36.72, a P/E/G ratio of 3.46 and a beta of 1.27. Oracle Co. has a 52-week low of $114.55 and a 52-week high of $198.31.
Oracle (NYSE:ORCL - Get Free Report) last released its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts' consensus estimates of $1.49 by ($0.02). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $14.13 billion for the quarter, compared to analyst estimates of $14.40 billion. During the same period last year, the firm earned $1.41 EPS. The company's revenue for the quarter was up 6.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Oracle Co. will post 5 EPS for the current year.
Oracle Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th were paid a $0.50 dividend. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.33%. This is a positive change from Oracle's previous quarterly dividend of $0.40. Oracle's dividend payout ratio is presently 46.95%.
Insider Buying and Selling
In related news, Director Naomi O. Seligman sold 2,866 shares of the firm's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $149.53, for a total transaction of $428,552.98. Following the sale, the director now directly owns 31,764 shares of the company's stock, valued at $4,749,670.92. This trade represents a 8.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Leon E. Panetta sold 5,000 shares of the company's stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $129.77, for a total value of $648,850.00. Following the completion of the sale, the director now owns 58,090 shares in the company, valued at approximately $7,538,339.30. This represents a 7.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,366 shares of company stock valued at $4,015,723 over the last 90 days. Insiders own 42.20% of the company's stock.
Analyst Ratings Changes
ORCL has been the subject of several research reports. Westpark Capital began coverage on Oracle in a report on Tuesday, April 1st. They issued a "buy" rating and a $195.00 target price for the company. Morgan Stanley dropped their target price on shares of Oracle from $170.00 to $160.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. JMP Securities restated a "market outperform" rating and issued a $205.00 price target on shares of Oracle in a report on Wednesday, January 22nd. Guggenheim reiterated a "buy" rating and set a $220.00 price objective on shares of Oracle in a research note on Thursday, April 3rd. Finally, Monness Crespi & Hardt raised shares of Oracle from a "sell" rating to a "neutral" rating in a research note on Monday, March 3rd. Fourteen investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $174.42.
Check Out Our Latest Research Report on Oracle
Oracle Company Profile
(
Free Report)
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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