Bernard Wealth Management Corp. Acquires New Shares in Oracle Co. (NYSE:ORCL)

Bernard Wealth Management Corp. purchased a new position in shares of Oracle Co. (NYSE:ORCL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 4,317 shares of the enterprise software provider's stock, valued at approximately $719,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. R Squared Ltd bought a new position in Oracle in the fourth quarter valued at about $25,000. Sunbeam Capital Management LLC acquired a new position in shares of Oracle in the fourth quarter valued at approximately $30,000. Hurley Capital LLC bought a new position in Oracle in the 4th quarter valued at approximately $33,000. Synergy Investment Management LLC acquired a new stake in Oracle during the 4th quarter worth approximately $34,000. Finally, TFC Financial Management Inc. grew its holdings in Oracle by 129.0% during the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider's stock worth $35,000 after acquiring an additional 120 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors.

Insider Transactions at Oracle

In other Oracle news, Director Naomi O. Seligman sold 2,866 shares of the firm's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $149.53, for a total value of $428,552.98. Following the completion of 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 filing with the SEC, which is available through this link. Also, Director Leon E. Panetta sold 17,500 shares of the business's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $151.24, for a total value of $2,646,700.00. Following the completion of the sale, the director now owns 58,090 shares in the company, valued at approximately $8,785,531.60. The trade was a 23.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,366 shares of company stock worth $4,015,723 in the last ninety days. Company insiders own 42.20% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on ORCL. UBS Group reaffirmed a "market perform" rating on shares of Oracle in a research note on Tuesday, March 11th. Guggenheim reaffirmed a "buy" rating and set a $220.00 target price on shares of Oracle in a report on Thursday, April 3rd. KeyCorp reiterated an "overweight" rating and issued a $200.00 price target on shares of Oracle in a research report on Tuesday, March 11th. Wall Street Zen downgraded Oracle from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Finally, Stifel Nicolaus reduced their target price on Oracle from $175.00 to $150.00 and set a "hold" rating on the stock in a report on Tuesday, March 11th. Fourteen equities research 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's stock. According to data from MarketBeat.com, Oracle currently has an average rating of "Moderate Buy" and a consensus target price of $174.42.

Oracle Stock Down 0.9%

Shares of NYSE:ORCL traded down $1.47 during mid-day trading on Thursday, hitting $162.38. 3,433,008 shares of the company traded hands, compared to its average volume of 9,480,787. The stock has a 50-day moving average price of $144.16 and a two-hundred day moving average price of $161.61. Oracle Co. has a 12-month low of $114.55 and a 12-month high of $198.31. The stock has a market cap of $454.17 billion, a P/E ratio of 39.67, a P/E/G ratio of 3.46 and a beta of 1.27. 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 posted its quarterly earnings data 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 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%. Oracle's revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.41 earnings per share. On average, equities research analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The firm 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 annualized dividend and a dividend yield of 1.23%. Oracle's dividend payout ratio (DPR) is currently 46.95%.

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.