Bartlett & CO. Wealth Management LLC Boosts Holdings in Oracle Corporation (NYSE:ORCL)

Bartlett & CO. Wealth Management LLC grew its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 30.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,386 shares of the enterprise software provider's stock after buying an additional 13,521 shares during the quarter. Bartlett & CO. Wealth Management LLC's holdings in Oracle were worth $8,023,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Inlight Wealth Management LLC acquired a new stake in Oracle in the 1st quarter worth about $28,000. Sunbeam Capital Management LLC acquired a new stake in Oracle during the 4th quarter valued at $30,000. Hurley Capital LLC purchased a new stake in shares of Oracle during the fourth quarter worth about $33,000. Synergy Investment Management LLC acquired a new position in shares of Oracle in the 4th quarter valued at approximately $34,000. Finally, Mpwm Advisory Solutions LLC bought a new position in Oracle during the 4th quarter valued at $36,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Trading Up 1.2%

NYSE:ORCL opened at $213.28 on Friday. The firm has a fifty day simple moving average of $166.79 and a 200-day simple moving average of $162.13. The company has a market capitalization of $599.07 billion, a P/E ratio of 49.14, a PEG ratio of 3.16 and a beta of 1.32. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $216.93. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, beating analysts' consensus estimates of $1.64 by $0.06. The firm had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. Oracle's quarterly revenue was up 11.3% compared to the same quarter last year. During the same period last year, the company posted $1.63 EPS. On average, equities research analysts anticipate that Oracle Corporation 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. Stockholders of record on Thursday, July 10th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date is Thursday, July 10th. Oracle's dividend payout ratio (DPR) is currently 46.08%.

Insiders Place Their Bets

In other Oracle news, Director Naomi O. Seligman sold 2,000 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total transaction of $291,620.00. Following the sale, the director now directly owns 34,630 shares of the company's stock, valued at $5,049,400.30. This trade represents a 5.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Leon E. Panetta sold 5,000 shares of the company'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 completion of the transaction, the director now owns 58,090 shares of the company's stock, valued at $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. In the last three months, insiders have sold 442,366 shares of company stock valued at $83,395,223. Insiders own 42.20% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ORCL. Westpark Capital raised their price target on Oracle from $195.00 to $246.00 and gave the stock a "buy" rating in a report on Thursday, June 12th. Guggenheim upped their target price on Oracle from $220.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, June 18th. JPMorgan Chase & Co. increased their target price on Oracle from $135.00 to $185.00 and gave the company a "neutral" rating in a report on Thursday, June 12th. Cantor Fitzgerald dropped their price objective on shares of Oracle from $214.00 to $175.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 11th. Finally, Stifel Nicolaus increased their price objective on Oracle from $150.00 to $180.00 and gave the stock a "hold" rating in a report on Thursday, June 12th. Eleven analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $197.67.

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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