Three Seasons Wealth LLC Makes New Investment in Oracle Co. (NYSE:ORCL)

Three Seasons Wealth LLC bought a new position in shares of Oracle Co. (NYSE:ORCL - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 10,835 shares of the enterprise software provider's stock, valued at approximately $1,805,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ORCL. Howard Capital Management Group LLC boosted its position in shares of Oracle by 12.4% during the 3rd quarter. Howard Capital Management Group LLC now owns 8,019 shares of the enterprise software provider's stock valued at $1,366,000 after acquiring an additional 883 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Oracle by 5.3% in the third quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider's stock worth $411,748,000 after purchasing an additional 121,874 shares during the last quarter. Morse Asset Management Inc purchased a new position in Oracle during the 3rd quarter valued at about $2,590,000. Westside Investment Management Inc. raised its position in Oracle by 0.6% during the 3rd quarter. Westside Investment Management Inc. now owns 14,961 shares of the enterprise software provider's stock valued at $2,499,000 after purchasing an additional 86 shares during the last quarter. Finally, Tudor Financial Inc. purchased a new stake in Oracle in the 3rd quarter worth approximately $1,531,000. Institutional investors own 42.44% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on ORCL shares. Stephens began coverage on shares of Oracle in a report on Wednesday, March 19th. They issued an "equal weight" rating and a $167.00 price target on the stock. Royal Bank of Canada set a $145.00 price objective on Oracle and gave the company a "sector perform" rating in a research report on Tuesday, March 11th. JMP Securities reissued a "market outperform" rating and issued a $205.00 target price on shares of Oracle in a research report on Wednesday, January 22nd. Morgan Stanley dropped their price target on Oracle from $170.00 to $160.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Finally, Monness Crespi & Hardt upgraded Oracle from a "sell" rating to a "neutral" rating in a report on Monday, March 3rd. Fourteen 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 stock. Based on data from MarketBeat.com, Oracle presently has an average rating of "Moderate Buy" and a consensus price target of $174.42.

Insider Transactions at Oracle

In other Oracle news, Director Naomi O. Seligman sold 2,000 shares of Oracle stock in a transaction that occurred on 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 in the company, valued at approximately $5,049,400.30. The trade was a 5.46 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, 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 of the company's stock, 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. Insiders own 42.20% of the company's stock.

Oracle Trading Up 0.4 %

ORCL stock traded up $0.60 during midday trading on Tuesday, reaching $140.74. The company's stock had a trading volume of 1,910,536 shares, compared to its average volume of 9,334,722. Oracle Co. has a 1 year low of $113.65 and a 1 year high of $198.31. The firm has a market capitalization of $393.63 billion, a price-to-earnings ratio of 34.42, a PEG ratio of 3.46 and a beta of 1.22. The stock has a fifty day simple moving average of $145.71 and a two-hundred day simple moving average of $164.60. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $14.13 billion during the quarter, compared to analysts' expectations 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 EPS. On average, equities research analysts predict that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, April 10th. This is an increase from Oracle's previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.42%. Oracle's dividend payout ratio is presently 46.95%.

About Oracle

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.