Oracle Co. (NYSE:ORCL) Holdings Increased by Portside Wealth Group LLC

Portside Wealth Group LLC boosted its holdings in shares of Oracle Co. (NYSE:ORCL - Free Report) by 19.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,999 shares of the enterprise software provider's stock after buying an additional 10,165 shares during the period. Oracle comprises 1.5% of Portside Wealth Group LLC's portfolio, making the stock its 9th largest holding. Portside Wealth Group LLC's holdings in Oracle were worth $8,668,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ORCL. Capital & Planning LLC raised its holdings in shares of Oracle by 0.5% in the fourth quarter. Capital & Planning LLC now owns 15,727 shares of the enterprise software provider's stock valued at $2,621,000 after buying an additional 81 shares during the last quarter. Brighton Jones LLC raised its stake in shares of Oracle by 189.3% in the fourth quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock worth $25,593,000 after acquiring an additional 100,494 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new position in shares of Oracle during the fourth quarter worth approximately $51,084,000. Revolve Wealth Partners LLC lifted its position in shares of Oracle by 8.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock worth $903,000 after purchasing an additional 404 shares in the last quarter. Finally, R Squared Ltd bought a new stake in shares of Oracle during the fourth quarter valued at approximately $25,000. 42.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ORCL has been the topic of several recent research reports. Cantor Fitzgerald decreased their price target on Oracle from $214.00 to $175.00 and set an "overweight" rating on the stock in a report on Tuesday, March 11th. Evercore ISI reduced their target price on Oracle from $200.00 to $185.00 and set an "outperform" rating on the stock in a report on Tuesday, March 11th. Citigroup cut their price target on shares of Oracle from $194.00 to $160.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 12th. Bank of America lowered their price objective on shares of Oracle from $195.00 to $175.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th. Finally, Barclays cut their price objective on shares of Oracle from $212.00 to $202.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 11th. Fourteen research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $174.42.

Insiders Place Their Bets

In related news, Director Leon E. Panetta sold 5,000 shares of Oracle stock in a transaction on Friday, April 11th. The stock was sold at an average price of $129.77, for a total transaction of $648,850.00. Following the sale, the director now directly owns 58,090 shares in the company, valued at approximately $7,538,339.30. This trade represents a 7.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Naomi O. Seligman sold 2,866 shares of the firm's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $149.53, for a total transaction of $428,552.98. Following the sale, the director now owns 31,764 shares of the company's stock, valued at $4,749,670.92. This trade represents a 8.28% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,366 shares of company stock worth $4,015,723. Insiders own 42.20% of the company's stock.

Oracle Trading Up 1.8%

Oracle stock traded up $3.06 during trading hours on Thursday, reaching $171.16. 7,695,879 shares of the company's stock were exchanged, compared to its average volume of 9,506,424. The firm's 50 day simple moving average is $145.94 and its 200 day simple moving average is $160.87. Oracle Co. has a twelve month low of $118.86 and a twelve month high of $198.31. 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 firm has a market capitalization of $478.73 billion, a PE ratio of 41.85, a PEG ratio of 3.46 and a beta of 1.32.

Oracle (NYSE:ORCL - Get Free Report) last released its 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 company had revenue of $14.13 billion for the quarter, compared to analyst estimates of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm's revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.41 EPS. Research analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend was Thursday, April 10th. This is a boost from Oracle's previous quarterly dividend of $0.40. Oracle's dividend payout ratio (DPR) is 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.