Oracle Co. (NYSE:ORCL) Shares Purchased by Core Wealth Partners LLC

Core Wealth Partners LLC grew its holdings in shares of Oracle Co. (NYSE:ORCL) by 11.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,056 shares of the enterprise software provider’s stock after purchasing an additional 608 shares during the period. Core Wealth Partners LLC’s holdings in Oracle were worth $1,009,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. R Squared Ltd bought a new stake in Oracle in the fourth quarter valued at $25,000. Winch Advisory Services LLC lifted its position in Oracle by 89.7% in the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after purchasing an additional 87 shares during the last quarter. Synergy Investment Management LLC bought a new stake in Oracle in the 4th quarter valued at about $34,000. TFC Financial Management Inc. boosted its stake in Oracle by 129.0% during the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock valued at $35,000 after purchasing an additional 120 shares during the period. Finally, Synergy Asset Management LLC acquired a new stake in shares of Oracle in the fourth quarter valued at approximately $47,000. 42.44% of the stock is currently owned by institutional investors.

Oracle Trading Down 0.8 %

Shares of ORCL stock opened at $153.59 on Wednesday. Oracle Co. has a 12 month low of $112.78 and a 12 month high of $198.31. The company has a market cap of $429.58 billion, a PE ratio of 37.55, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The business’s 50 day moving average is $164.84 and its two-hundred day moving average is $170.44.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.02). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. During the same quarter last year, the business earned $1.41 EPS. The business’s revenue was up 6.4% compared to the same quarter last year. Equities 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 will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be given a $0.50 dividend. This is an increase from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a yield of 1.30%. The ex-dividend date is Thursday, April 10th. Oracle’s payout ratio is currently 46.95%.

Insider Transactions at Oracle

In related news, CEO Safra Catz sold 2,101,154 shares of Oracle stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $207,331,027.20. This trade represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 42.20% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ORCL shares. DA Davidson reiterated a “neutral” rating and set a $150.00 price objective on shares of Oracle in a research report on Tuesday, March 11th. UBS Group reissued a “market perform” rating on shares of Oracle in a research note on Tuesday, March 11th. Evercore ISI cut their price objective on shares of Oracle from $200.00 to $185.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 11th. Mizuho increased their target price on shares of Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Finally, Barclays dropped their price target on shares of Oracle from $212.00 to $202.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 11th. Thirteen investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $179.20.

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.