Vise Technologies Inc. Buys 3,034 Shares of Oracle Co. (NYSE:ORCL)

Vise Technologies Inc. grew its position in shares of Oracle Co. (NYSE:ORCL - Free Report) by 10.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 30,917 shares of the enterprise software provider's stock after acquiring an additional 3,034 shares during the quarter. Vise Technologies Inc.'s holdings in Oracle were worth $5,152,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of ORCL. R Squared Ltd bought a new stake in Oracle in the fourth quarter worth about $25,000. Hurley Capital LLC acquired a new stake in Oracle during the 4th quarter worth $33,000. Synergy Investment Management LLC purchased a new stake in shares of Oracle during the fourth quarter worth $34,000. TFC Financial Management Inc. lifted its stake in shares of Oracle by 129.0% in the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider's stock worth $35,000 after buying an additional 120 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC acquired a new position in Oracle during the fourth quarter worth about $36,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ORCL has been the subject of several recent research reports. Citigroup cut their price target on Oracle from $194.00 to $160.00 and set a "neutral" rating for the company in a report on Wednesday, March 12th. Stephens assumed coverage on Oracle in a report on Wednesday, March 19th. They set an "equal weight" rating and a $167.00 price target for the company. UBS Group restated a "market perform" rating on shares of Oracle in a research note on Tuesday, March 11th. Monness Crespi & Hardt raised shares of Oracle from a "sell" rating to a "neutral" rating in a report on Monday, March 3rd. Finally, JPMorgan Chase & Co. lowered their price target on Oracle from $140.00 to $135.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th. Fourteen 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $174.42.

Oracle Stock Up 3.9%

Shares of Oracle stock traded up $6.16 on Tuesday, hitting $162.13. The company had a trading volume of 3,244,867 shares, compared to its average volume of 9,485,595. The stock has a 50-day moving average of $143.76 and a 200-day moving average of $161.60. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. Oracle Co. has a twelve month low of $114.55 and a twelve month high of $198.31. The firm has a market capitalization of $453.46 billion, a P/E ratio of 39.65, a P/E/G ratio of 3.46 and a beta of 1.27.

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

Oracle Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date was Thursday, April 10th. This is a positive change from Oracle's previous quarterly dividend of $0.40. Oracle's payout ratio is currently 46.95%.

Insider Buying and Selling

In other Oracle news, Director Leon E. Panetta sold 5,000 shares of the firm's 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 transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Naomi O. Seligman sold 2,000 shares of the firm'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 transaction, the director now directly owns 34,630 shares in the company, 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 90 days, insiders sold 27,366 shares of company stock worth $4,015,723. 42.20% of the stock is 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.