2,900 Shares in Oracle Co. (NYSE:ORCL) Bought by MorganRosel Wealth Management LLC

MorganRosel Wealth Management LLC acquired a new stake in Oracle Co. (NYSE:ORCL) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 2,900 shares of the enterprise software provider’s stock, valued at approximately $483,000.

Several other large investors have also recently made changes to their positions in the business. State Street Corp increased its holdings in Oracle by 2.7% during the third quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock worth $12,003,241,000 after buying an additional 1,847,561 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Oracle by 2.6% during the 3rd quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider’s stock valued at $5,977,015,000 after acquiring an additional 885,041 shares during the period. Franklin Resources Inc. increased its stake in shares of Oracle by 11.6% during the 3rd quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock worth $3,370,640,000 after purchasing an additional 1,917,416 shares during the last quarter. Fisher Asset Management LLC raised its holdings in shares of Oracle by 1.8% in the 3rd quarter. Fisher Asset Management LLC now owns 17,898,029 shares of the enterprise software provider’s stock worth $3,049,824,000 after purchasing an additional 310,709 shares during the period. Finally, Janus Henderson Group PLC grew its holdings in Oracle by 0.4% during the third quarter. Janus Henderson Group PLC now owns 14,608,951 shares of the enterprise software provider’s stock valued at $2,489,345,000 after purchasing an additional 54,868 shares during the period. 42.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ORCL. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $165.00 price target on shares of Oracle in a research report on Thursday, December 5th. BNP Paribas upgraded shares of Oracle to a “strong-buy” rating in a research report on Tuesday, December 10th. Monness Crespi & Hardt cut shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price target on the stock. in a research note on Friday, December 20th. Guggenheim lifted their price target on Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Finally, Stifel Nicolaus upped their target price on shares of Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and a consensus price target of $182.73.

Oracle Price Performance

Shares of ORCL opened at $170.00 on Tuesday. The company has a market capitalization of $475.48 billion, a P/E ratio of 41.56, a price-to-earnings-growth ratio of 3.46 and a beta of 1.05. Oracle Co. has a twelve month low of $109.79 and a twelve month high of $198.31. 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 firm has a 50 day moving average of $168.97 and a 200 day moving average of $167.87.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. During the same period last year, the firm posted $1.34 EPS. Oracle’s quarterly revenue was up 8.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were issued a dividend of $0.40 per share. The ex-dividend date was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.94%. Oracle’s payout ratio is 39.12%.

Insider Transactions at Oracle

In other Oracle news, CEO Safra Catz sold 345,174 shares of the stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $185.56, for a total value of $64,050,487.44. Following the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $207,565,931.52. This trade represents a 23.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 42.20% of the company’s stock.

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.