Aries Wealth Management Boosts Stock Position in Oracle Co. (NYSE:ORCL)

Aries Wealth Management grew its stake in shares of Oracle Co. (NYSE:ORCL - Free Report) by 27.9% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 6,706 shares of the enterprise software provider's stock after purchasing an additional 1,463 shares during the period. Aries Wealth Management's holdings in Oracle were worth $938,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ORCL. Capital & Planning LLC boosted its stake in shares of Oracle by 0.5% in the 4th quarter. Capital & Planning LLC now owns 15,727 shares of the enterprise software provider's stock worth $2,621,000 after buying an additional 81 shares during the last quarter. Brighton Jones LLC boosted its stake in shares of Oracle by 189.3% in the 4th quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock worth $25,593,000 after buying an additional 100,494 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new position in shares of Oracle in the 4th quarter worth approximately $51,084,000. Revolve Wealth Partners LLC boosted its stake in shares of Oracle by 8.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock worth $903,000 after buying an additional 404 shares during the last quarter. Finally, Banque Pictet & Cie SA purchased a new position in shares of Oracle in the 4th quarter worth approximately $1,350,000. 42.44% of the stock is owned by institutional investors.

Oracle Price Performance

Shares of Oracle stock traded up $15.68 during trading on Friday, hitting $215.54. The stock had a trading volume of 53,639,099 shares, compared to its average volume of 9,721,350. The firm has a market cap of $602.86 billion, a price-to-earnings ratio of 52.70, a P/E/G ratio of 3.46 and a beta of 1.32. Oracle Co. has a 12 month low of $118.86 and a 12 month high of $216.60. The business's 50-day moving average is $152.88 and its 200 day moving average is $160.46. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL - Get Free Report) last released its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, beating analysts' consensus estimates of $1.64 by $0.06. The business had revenue of $15.90 billion for the quarter, compared to analysts' expectations of $15.58 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm's revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.63 earnings per share. As a group, sell-side analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a yield of 0.93%. Oracle's dividend payout ratio is presently 46.08%.

Insider Activity at Oracle

In other Oracle news, Director Leon E. Panetta sold 17,500 shares of the company's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the completion of the sale, the director now directly owns 58,090 shares in the company, valued at $8,785,531.60. This represents a 23.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the company's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the sale, the insider now owns 1,097,576 shares of the company's stock, valued at approximately $209,000,421.92. The trade was a 26.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 427,366 shares of company stock valued at $80,183,723 over the last 90 days. 42.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Monness Crespi & Hardt upgraded Oracle from a "sell" rating to a "neutral" rating in a research note on Monday, March 3rd. Morgan Stanley restated a "positive" rating on shares of Oracle in a research note on Monday, June 9th. The Goldman Sachs Group upped their price objective on Oracle from $145.00 to $195.00 and gave the company a "neutral" rating in a research note on Friday. Loop Capital set a $135.00 price objective on Oracle in a research note on Tuesday. Finally, Stephens began coverage on Oracle in a research note on Wednesday, March 19th. They issued an "equal weight" rating and a $167.00 price objective on the stock. Twelve equities research analysts have rated the stock with a hold rating, nineteen 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 $194.32.

Oracle 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.