Oracle Co. (NYSE:ORCL) Shares Bought by Strategic Wealth Partners Ltd.

Strategic Wealth Partners Ltd. boosted its holdings in shares of Oracle Co. (NYSE:ORCL) by 31.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 66,481 shares of the enterprise software provider’s stock after buying an additional 16,078 shares during the quarter. Oracle accounts for about 1.0% of Strategic Wealth Partners Ltd.’s portfolio, making the stock its 25th largest holding. Strategic Wealth Partners Ltd.’s holdings in Oracle were worth $11,558,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hennion & Walsh Asset Management Inc. lifted its holdings in Oracle by 25.4% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 9,311 shares of the enterprise software provider’s stock valued at $1,552,000 after acquiring an additional 1,884 shares during the period. Certified Advisory Corp lifted its stake in shares of Oracle by 1.8% in the 4th quarter. Certified Advisory Corp now owns 4,600 shares of the enterprise software provider’s stock valued at $767,000 after purchasing an additional 83 shares during the period. Empirical Asset Management LLC boosted its holdings in Oracle by 32.3% during the fourth quarter. Empirical Asset Management LLC now owns 15,413 shares of the enterprise software provider’s stock worth $2,568,000 after buying an additional 3,761 shares in the last quarter. Capital & Planning LLC boosted its holdings in Oracle by 0.5% during the fourth quarter. Capital & Planning LLC now owns 15,727 shares of the enterprise software provider’s stock worth $2,621,000 after buying an additional 81 shares in the last quarter. Finally, Boston Common Asset Management LLC grew its position in Oracle by 1.6% during the fourth quarter. Boston Common Asset Management LLC now owns 24,716 shares of the enterprise software provider’s stock valued at $4,119,000 after buying an additional 386 shares during the period. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Oracle

In other Oracle news, Director Leon E. Panetta sold 17,500 shares of Oracle 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 sale, the director now owns 58,090 shares in the company, valued at $8,785,531.60. The trade was a 23.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Naomi O. Seligman sold 2,000 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,366 shares of company stock valued at $4,015,723. 42.20% of the stock is owned by company insiders.

Oracle Trading Up 0.6%

Shares of Oracle stock opened at $160.31 on Friday. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The stock’s 50 day simple moving average is $142.91 and its 200-day simple moving average is $162.49. The stock has a market cap of $448.39 billion, a P/E ratio of 39.20, a P/E/G ratio of 3.46 and a beta of 1.27. Oracle Co. has a 1-year low of $114.55 and a 1-year high of $198.31.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). The company had revenue of $14.13 billion for 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%. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.41 EPS. Analysts predict that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The company 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. This is a boost from Oracle’s previous quarterly dividend of $0.40. The ex-dividend date was Thursday, April 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.25%. Oracle’s payout ratio is presently 46.95%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on ORCL shares. Guggenheim reiterated a “buy” rating and issued a $220.00 price objective on shares of Oracle in a research report on Thursday, April 3rd. Monness Crespi & Hardt upgraded Oracle from a “sell” rating to a “neutral” rating in a research report on Monday, March 3rd. Citigroup dropped their price objective on Oracle from $194.00 to $160.00 and set a “neutral” rating on the stock in a report on Wednesday, March 12th. Jefferies Financial Group reduced their target price on Oracle from $220.00 to $190.00 and set a “buy” rating for the company in a research note on Monday, March 31st. Finally, JPMorgan Chase & Co. decreased their target price on Oracle from $140.00 to $135.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th. Fourteen research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $174.42.

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.