Strategic Wealth Partners Ltd. Grows Stock Holdings in Oracle Co. (NYSE:ORCL)

Strategic Wealth Partners Ltd. raised its holdings in shares of Oracle Co. (NYSE:ORCL - Free Report) by 31.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 66,481 shares of the enterprise software provider's stock after purchasing an additional 16,078 shares during the quarter. Oracle accounts for about 1.0% of Strategic Wealth Partners Ltd.'s portfolio, making the stock its 25th largest position. Strategic Wealth Partners Ltd.'s holdings in Oracle were worth $11,558,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Requisite Capital Management LLC raised its position in Oracle by 2.8% during the fourth quarter. Requisite Capital Management LLC now owns 2,240 shares of the enterprise software provider's stock valued at $373,000 after purchasing an additional 60 shares during the period. Cookson Peirce & Co. Inc. raised its holdings in Oracle by 4.4% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider's stock valued at $237,000 after buying an additional 60 shares during the period. McLean Asset Management Corp lifted its position in Oracle by 1.1% in the fourth quarter. McLean Asset Management Corp now owns 5,447 shares of the enterprise software provider's stock worth $908,000 after buying an additional 61 shares during the last quarter. Warther Private Wealth LLC lifted its position in Oracle by 1.8% in the fourth quarter. Warther Private Wealth LLC now owns 3,621 shares of the enterprise software provider's stock worth $603,000 after buying an additional 63 shares during the last quarter. Finally, Howard Bailey Securities LLC boosted its stake in Oracle by 2.9% during the fourth quarter. Howard Bailey Securities LLC now owns 2,274 shares of the enterprise software provider's stock worth $379,000 after buying an additional 64 shares during the period. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Oracle news, 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 value of $428,552.98. Following the completion of the sale, the director now owns 31,764 shares of the company's stock, valued at approximately $4,749,670.92. This trade represents a 8.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Leon E. Panetta sold 5,000 shares of the company's stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $129.77, for a total transaction of $648,850.00. Following the transaction, the director now owns 58,090 shares in the company, valued at approximately $7,538,339.30. This trade represents a 7.93% decrease in their position. The disclosure for this sale can be found here. Over the last three months, 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 Trading Up 0.6%

Shares of NYSE:ORCL opened at $160.31 on Friday. The company has a market capitalization of $448.39 billion, a PE ratio of 39.20, 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 Co. has a 12-month low of $114.55 and a 12-month high of $198.31. The business's fifty day simple moving average is $142.91 and its 200-day simple moving average is $162.49.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings data 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). The company had revenue of $14.13 billion for the quarter, compared to the consensus estimate of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. Oracle's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.41 EPS. As a group, equities research analysts predict that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The company also recently announced 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 annualized dividend and a yield of 1.25%. This is an increase from Oracle's previous quarterly dividend of $0.40. The ex-dividend date was Thursday, April 10th. Oracle's dividend payout ratio (DPR) is 46.95%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Jefferies Financial Group reduced their target price on shares of Oracle from $220.00 to $190.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Cantor Fitzgerald cut their price target on shares of Oracle from $214.00 to $175.00 and set an "overweight" rating on the stock in a report on Tuesday, March 11th. BMO Capital Markets decreased their price objective on shares of Oracle from $205.00 to $175.00 and set a "market perform" rating for the company in a research note on Tuesday, March 11th. DA Davidson dropped their target price on Oracle from $150.00 to $140.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Finally, StockNews.com downgraded Oracle from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th. Fourteen research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $174.42.

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.

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