2,297 Shares in Oracle Co. (NYSE:ORCL) Bought by Vermillion Wealth Management Inc.

Vermillion Wealth Management Inc. purchased a new position in Oracle Co. (NYSE:ORCL - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,297 shares of the enterprise software provider's stock, valued at approximately $383,000.

Other institutional investors have also bought and sold shares of the company. R Squared Ltd purchased a new stake in Oracle in the 4th quarter worth $25,000. Sunbeam Capital Management LLC bought a new position in shares of Oracle during the 4th quarter valued at about $30,000. Hurley Capital LLC bought a new position in shares of Oracle during the 4th quarter valued at about $33,000. Synergy Investment Management LLC bought a new position in shares of Oracle during the 4th quarter valued at about $34,000. Finally, TFC Financial Management Inc. boosted its holdings in shares of Oracle by 129.0% during the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider's stock valued at $35,000 after purchasing an additional 120 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. KeyCorp reissued an "overweight" rating and set a $200.00 price objective on shares of Oracle in a report on Tuesday, March 11th. Bank of America dropped their price objective on shares of Oracle from $195.00 to $175.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. Barclays dropped their price objective on shares of Oracle from $212.00 to $202.00 and set an "overweight" rating for the company in a report on Tuesday, March 11th. Morgan Stanley dropped their price objective on shares of Oracle from $170.00 to $160.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Finally, Jefferies Financial Group dropped their price objective on shares of Oracle from $220.00 to $190.00 and set a "buy" rating for the company in a report on Monday, March 31st. Fourteen equities 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 company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $174.42.

Oracle Stock Performance

Oracle stock opened at $156.04 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. Oracle Co. has a 1-year low of $114.55 and a 1-year high of $198.31. The firm has a market capitalization of $436.44 billion, a P/E ratio of 38.15, a price-to-earnings-growth ratio of 3.46 and a beta of 1.27. The company's 50-day moving average is $143.68 and its 200 day moving average is $162.00.

Oracle (NYSE:ORCL - Get Free Report) last issued 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). The company had revenue of $14.13 billion for the quarter, compared to analysts' expectations of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business's revenue was up 6.4% compared to the same quarter last year. During the same period last year, the business posted $1.41 earnings per share. Research analysts forecast that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, April 10th. This is a positive change from Oracle's previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.28%. Oracle's dividend payout ratio (DPR) is 46.95%.

Insider Transactions at Oracle

In related news, Director Naomi O. Seligman sold 2,866 shares of Oracle stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $149.53, for a total transaction of $428,552.98. Following the transaction, 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 sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Leon E. Panetta sold 5,000 shares of Oracle stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $129.77, for a total transaction of $648,850.00. Following the transaction, the director now directly owns 58,090 shares in the company, valued at approximately $7,538,339.30. The trade was a 7.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,366 shares of company stock valued at $4,015,723. 42.20% of the stock is currently owned by company 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.

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