Oracle Co. (NYSE:ORCL) Shares Purchased by Precision Wealth Strategies LLC

Precision Wealth Strategies LLC increased its holdings in shares of Oracle Co. (NYSE:ORCLFree Report) by 4.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,951 shares of the enterprise software provider’s stock after purchasing an additional 155 shares during the quarter. Precision Wealth Strategies LLC’s holdings in Oracle were worth $417,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bison Wealth LLC lifted its holdings in Oracle by 0.8% in the 3rd quarter. Bison Wealth LLC now owns 12,089 shares of the enterprise software provider’s stock worth $1,280,000 after purchasing an additional 91 shares during the last quarter. Everhart Financial Group Inc. increased its position in Oracle by 1.4% in the 4th quarter. Everhart Financial Group Inc. now owns 7,163 shares of the enterprise software provider’s stock worth $755,000 after buying an additional 96 shares during the period. Carlson Capital Management increased its position in Oracle by 2.7% in the 3rd quarter. Carlson Capital Management now owns 3,849 shares of the enterprise software provider’s stock worth $408,000 after buying an additional 100 shares during the period. IMA Wealth Inc. increased its position in Oracle by 23.4% in the 3rd quarter. IMA Wealth Inc. now owns 528 shares of the enterprise software provider’s stock worth $56,000 after buying an additional 100 shares during the period. Finally, Horizon Wealth Management LLC increased its position in Oracle by 4.5% in the 4th quarter. Horizon Wealth Management LLC now owns 2,387 shares of the enterprise software provider’s stock worth $252,000 after buying an additional 103 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Performance

Shares of NYSE:ORCL opened at $117.19 on Friday. The company has a debt-to-equity ratio of 13.34, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market capitalization of $322.10 billion, a price-to-earnings ratio of 30.92, a price-to-earnings-growth ratio of 2.72 and a beta of 1.03. The business’s fifty day moving average price is $120.56 and its two-hundred day moving average price is $115.29. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $132.77.

Oracle (NYSE:ORCLGet Free Report) last posted its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. The company had revenue of $13.28 billion for the quarter, compared to analyst estimates of $13.29 billion. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The business’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.96 earnings per share. As a group, analysts predict that Oracle Co. will post 4.44 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date was Tuesday, April 9th. Oracle’s dividend payout ratio is currently 42.22%.

Insiders Place Their Bets

In other Oracle news, Director George H. Conrades sold 25,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total value of $2,903,250.00. Following the transaction, the director now owns 17,836 shares of the company’s stock, valued at $2,071,294.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Safra Catz sold 790,000 shares of the company’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $141,546,631.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director George H. Conrades sold 25,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $116.13, for a total value of $2,903,250.00. Following the transaction, the director now directly owns 17,836 shares in the company, valued at approximately $2,071,294.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 880,000 shares of company stock valued at $110,488,150. 42.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

ORCL has been the topic of several recent analyst reports. StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a research report on Thursday, May 9th. William Blair raised Oracle from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 12th. BMO Capital Markets lifted their price target on Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a research report on Tuesday, March 12th. The Goldman Sachs Group boosted their price objective on Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research report on Wednesday, March 13th. Finally, HSBC boosted their price objective on Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. Ten investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, Oracle presently has a consensus rating of “Moderate Buy” and a consensus target price of $130.76.

Read Our Latest Analysis on Oracle

Oracle Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding ORCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oracle Co. (NYSE:ORCLFree Report).

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

Receive News & Ratings for Oracle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle and related companies with MarketBeat.com's FREE daily email newsletter.