Aegis Wealth Management LLC Invests $276,000 in Oracle Co. (NYSE:ORCL)

Aegis Wealth Management LLC acquired a new stake in shares of Oracle Co. (NYSE:ORCL - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,654 shares of the enterprise software provider's stock, valued at approximately $276,000.

Several other institutional investors have also added to or reduced their stakes in ORCL. Cookson Peirce & Co. Inc. lifted its holdings in Oracle by 4.4% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider's stock worth $237,000 after purchasing an additional 60 shares in the last quarter. Warther Private Wealth LLC increased its position in shares of Oracle by 1.8% during the fourth quarter. Warther Private Wealth LLC now owns 3,621 shares of the enterprise software provider's stock valued at $603,000 after buying an additional 63 shares during the period. Howard Bailey Securities LLC lifted its holdings in shares of 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 buying an additional 64 shares in the last quarter. New England Capital Financial Advisors LLC boosted its position in shares of Oracle by 6.4% in the fourth quarter. New England Capital Financial Advisors LLC now owns 1,061 shares of the enterprise software provider's stock valued at $177,000 after acquiring an additional 64 shares during the period. Finally, Field & Main Bank grew its stake in Oracle by 0.3% during the fourth quarter. Field & Main Bank now owns 18,895 shares of the enterprise software provider's stock valued at $3,149,000 after acquiring an additional 65 shares in the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Leon E. Panetta sold 5,000 shares of the business's stock in a transaction 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 sale, the director now owns 58,090 shares in the company, valued at approximately $7,538,339.30. The trade was a 7.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Naomi O. Seligman sold 2,866 shares of the firm's 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 represents a 8.28% decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,366 shares of company stock valued at $4,015,723 over the last quarter. 42.20% of the stock is owned by company insiders.

Oracle Trading Up 1.3%

Shares of NYSE ORCL traded up $2.13 during mid-day trading on Friday, hitting $165.03. The stock had a trading volume of 17,536,177 shares, compared to its average volume of 9,545,413. The business has a 50 day moving average price of $144.32 and a two-hundred day moving average price of $161.43. Oracle Co. has a 1 year low of $114.55 and a 1 year high of $198.31. 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 market cap of $461.58 billion, a P/E ratio of 40.35, a price-to-earnings-growth ratio of 3.46 and a beta of 1.27.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings results 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 the consensus estimate of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. Oracle's revenue was up 6.4% on a year-over-year basis. During the same period last year, the business earned $1.41 EPS. On average, equities analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date was Thursday, April 10th. 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 analysts have issued reports on the stock. Jefferies Financial Group lowered their target price on shares of Oracle from $220.00 to $190.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Wall Street Zen downgraded Oracle from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. JPMorgan Chase & Co. reduced their target price on Oracle from $140.00 to $135.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th. Morgan Stanley lowered their price target on Oracle from $170.00 to $160.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Finally, Evercore ISI dropped their price target on Oracle from $200.00 to $185.00 and set an "outperform" rating for the company in a research report on Tuesday, March 11th. Fourteen 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 company. According to MarketBeat, Oracle currently has a consensus rating of "Moderate Buy" and an average target price of $174.42.

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.