Capital A Wealth Management LLC Takes Position in Oracle Co. (NYSE:ORCL)

Capital A Wealth Management LLC acquired a new stake in Oracle Co. (NYSE:ORCL - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 3,261 shares of the enterprise software provider's stock, valued at approximately $543,000. Oracle accounts for 0.9% of Capital A Wealth Management LLC's holdings, making the stock its 28th biggest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in ORCL. R Squared Ltd acquired a new stake in Oracle during the 4th quarter worth approximately $25,000. Sunbeam Capital Management LLC acquired a new stake in Oracle during the 4th quarter worth approximately $30,000. Hurley Capital LLC acquired a new stake in Oracle during the 4th quarter worth 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. lifted its position 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 period. Hedge funds and other institutional investors own 42.44% of the company's stock.

Oracle Trading Down 1.0%

Shares of ORCL stock traded down $1.56 during mid-day trading on Thursday, hitting $162.29. 3,218,994 shares of the company's stock were exchanged, compared to its average volume of 9,479,981. Oracle Co. has a fifty-two week low of $114.55 and a fifty-two week high of $198.31. The stock has a 50-day simple moving average of $144.16 and a two-hundred day simple moving average of $161.61. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The stock has a market cap of $453.91 billion, a price-to-earnings ratio of 39.76, a PEG ratio of 3.46 and a beta of 1.27.

Oracle (NYSE:ORCL - Get Free Report) last issued its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts' consensus estimates of $1.49 by ($0.02). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm had revenue of $14.13 billion during the quarter, compared to analyst estimates of $14.40 billion. During the same quarter in the previous year, the business posted $1.41 EPS. Oracle's revenue was up 6.4% compared to the same quarter last year. Equities analysts expect 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. Stockholders of record on Thursday, April 10th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.23%. This is a positive change from Oracle's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Thursday, April 10th. Oracle's payout ratio is presently 46.95%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ORCL. Jefferies Financial Group cut their target price on Oracle from $220.00 to $190.00 and set a "buy" rating for the company in a research note on Monday, March 31st. DA Davidson cut their target price on Oracle from $150.00 to $140.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Stifel Nicolaus cut their target price on Oracle from $175.00 to $150.00 and set a "hold" rating for the company in a research note on Tuesday, March 11th. UBS Group reissued a "market perform" rating on shares of Oracle in a research note on Tuesday, March 11th. Finally, Morgan Stanley cut their target price on Oracle from $170.00 to $160.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. 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 stock. According to MarketBeat, Oracle currently has an average rating of "Moderate Buy" and an average price target of $174.42.

Insider Transactions at Oracle

In related news, Director Leon E. Panetta sold 17,500 shares of the business's stock in a transaction dated Friday, May 2nd. The stock was 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 directly owns 58,090 shares of the company's stock, valued at $8,785,531.60. The trade was a 23.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Naomi O. Seligman sold 2,000 shares of the business's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total value of $291,620.00. Following the completion of the sale, the director now directly owns 34,630 shares of the company's stock, valued at approximately $5,049,400.30. This represents a 5.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,366 shares of company stock valued at $4,015,723. 42.20% of the stock is currently owned by 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.