Secure Asset Management LLC Has $1.85 Million Stock Position in Oracle Co. (NYSE:ORCL)

Secure Asset Management LLC lifted its stake in Oracle Co. (NYSE:ORCL - Free Report) by 21.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,235 shares of the enterprise software provider's stock after purchasing an additional 2,365 shares during the period. Secure Asset Management LLC's holdings in Oracle were worth $1,850,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of ORCL. Capital & Planning LLC boosted its stake in 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 acquiring an additional 81 shares during the last quarter. Brighton Jones LLC boosted its stake in Oracle by 189.3% in the fourth quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock valued at $25,593,000 after acquiring an additional 100,494 shares during the last quarter. Union Bancaire Privee UBP SA bought a new position in Oracle in the fourth quarter valued at approximately $51,084,000. Revolve Wealth Partners LLC boosted its stake in Oracle by 8.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock valued at $903,000 after acquiring an additional 404 shares during the last quarter. Finally, R Squared Ltd bought a new position in shares of Oracle during the fourth quarter worth $25,000. Institutional investors and hedge funds own 42.44% of the company's stock.

Oracle Stock Performance

Shares of Oracle stock traded up $3.06 during trading on Thursday, hitting $171.16. 7,695,879 shares of the stock were exchanged, compared to its average volume of 9,520,555. The stock has a market capitalization of $478.73 billion, a price-to-earnings ratio of 41.85, a price-to-earnings-growth ratio of 3.46 and a beta of 1.32. The company has a fifty day moving average price of $145.94 and a 200-day moving average price of $160.87. Oracle Co. has a 1-year low of $118.86 and a 1-year high of $198.31. 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 announced its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 EPS 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 company had revenue of $14.13 billion during the quarter, compared to analyst estimates of $14.40 billion. During the same quarter last year, the company posted $1.41 EPS. The firm's quarterly revenue was up 6.4% on a year-over-year basis. As a group, equities analysts predict that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th were paid a $0.50 dividend. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $2.00 dividend on an annualized basis and a yield of 1.17%. This is a positive change from Oracle's previous quarterly dividend of $0.40. Oracle's dividend payout ratio is 46.95%.

Wall Street Analysts Forecast Growth

ORCL has been the topic of a number of recent analyst reports. Cantor Fitzgerald reduced their price target on shares of Oracle from $214.00 to $175.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 11th. Barclays reduced their price target 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. Citigroup reduced their price target on shares of Oracle from $194.00 to $160.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 12th. DA Davidson reduced their price target on shares of Oracle from $150.00 to $140.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Finally, Wall Street Zen cut shares of Oracle from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Fourteen investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $174.42.

Insider Activity at Oracle

In other Oracle news, Director Leon E. Panetta sold 17,500 shares of the business's stock in a transaction dated 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 of the company's stock, valued at $8,785,531.60. The trade was a 23.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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 transaction 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 $5,049,400.30. This represents a 5.46% decrease in their position. The disclosure for this sale can be found here. In 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 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.