Waverly Advisors LLC Has $26.26 Million Stock Position in Oracle Co. (NYSE:ORCL)

Waverly Advisors LLC grew its stake in Oracle Co. (NYSE:ORCL - Free Report) by 117.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 157,564 shares of the enterprise software provider's stock after buying an additional 85,234 shares during the period. Waverly Advisors LLC's holdings in Oracle were worth $26,256,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Whelan Financial lifted its position in shares of Oracle by 33.0% in the fourth quarter. Whelan Financial now owns 1,861 shares of the enterprise software provider's stock worth $310,000 after buying an additional 462 shares during the last quarter. Williams Jones Wealth Management LLC. lifted its position in shares of Oracle by 2.7% in the fourth quarter. Williams Jones Wealth Management LLC. now owns 93,793 shares of the enterprise software provider's stock worth $15,630,000 after buying an additional 2,500 shares during the last quarter. Woodline Partners LP bought a new position in shares of Oracle in the fourth quarter worth about $12,264,000. Vident Advisory LLC increased its stake in shares of Oracle by 80.1% in the fourth quarter. Vident Advisory LLC now owns 221,504 shares of the enterprise software provider's stock worth $36,912,000 after purchasing an additional 98,524 shares during the period. Finally, Vienna Asset Management LLC bought a new position in shares of Oracle in the fourth quarter worth about $727,000. Institutional investors and hedge funds own 42.44% of the company's stock.

Insider Buying and Selling

In other Oracle news, Director Naomi O. Seligman sold 2,000 shares of the company's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total transaction of $291,620.00. Following the transaction, the director now owns 34,630 shares of the company's stock, valued at approximately $5,049,400.30. This represents a 5.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Leon E. Panetta sold 17,500 shares of the company's stock in a transaction on 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 transaction, the director now directly owns 58,090 shares in the company, valued at approximately $8,785,531.60. This represents a 23.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 27,366 shares of company stock worth $4,015,723 in the last three months. Insiders own 42.20% of the company's stock.

Oracle Trading Down 0.6%

ORCL stock opened at $159.46 on Tuesday. Oracle Co. has a 1-year low of $114.55 and a 1-year high of $198.31. The firm has a market cap of $446.00 billion, a P/E ratio of 38.99, a P/E/G ratio of 3.46 and a beta of 1.27. The business's 50 day moving average is $143.08 and its 200-day moving average is $162.38. 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 released its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.02). The company had revenue of $14.13 billion during 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%. The company's revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.41 earnings per share. Equities analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th were given a dividend of $0.50 per share. The ex-dividend date was Thursday, April 10th. This is a positive change from Oracle's previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a yield of 1.25%. Oracle's dividend payout ratio is 46.95%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ORCL. Evercore ISI dropped their price objective on Oracle from $200.00 to $185.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 11th. Stifel Nicolaus dropped their price objective on Oracle from $175.00 to $150.00 and set a "hold" rating on the stock in a research note on Tuesday, March 11th. Guggenheim reiterated a "buy" rating and issued a $220.00 price objective on shares of Oracle in a research note on Thursday, April 3rd. BMO Capital Markets dropped their price objective on Oracle from $205.00 to $175.00 and set a "market perform" rating on the stock in a research note on Tuesday, March 11th. Finally, Westpark Capital began coverage on Oracle in a research note on Tuesday, April 1st. They issued a "buy" rating and a $195.00 price objective on the stock. Fourteen equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $174.42.

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.

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