BIP Wealth LLC Has $1.30 Million Stock Position in Oracle Co. (NYSE:ORCL)

BIP Wealth LLC cut its holdings in Oracle Co. (NYSE:ORCL) by 4.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,801 shares of the enterprise software provider’s stock after selling 391 shares during the period. BIP Wealth LLC’s holdings in Oracle were worth $1,300,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. R Squared Ltd acquired a new position in Oracle during the fourth quarter valued at approximately $25,000. Winch Advisory Services LLC grew its stake 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 buying an additional 87 shares during the last quarter. Hurley Capital LLC acquired a new position in Oracle during the 4th quarter worth $33,000. Synergy Investment Management LLC acquired a new stake in shares of Oracle in the fourth quarter valued at about $34,000. Finally, TFC Financial Management Inc. increased its stake in shares of Oracle by 129.0% in the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock worth $35,000 after purchasing an additional 120 shares during the period. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, 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 $5,049,400.30. This represents a 5.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Leon E. Panetta sold 5,000 shares of Oracle stock in a transaction on Friday, April 11th. The stock was sold at an average price of $129.77, for a total value of $648,850.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. 42.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Barclays dropped their price target on Oracle from $212.00 to $202.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 11th. Monness Crespi & Hardt raised shares of Oracle from a “sell” rating to a “neutral” rating in a research report on Monday, March 3rd. BMO Capital Markets reduced their price target on shares of Oracle from $205.00 to $175.00 and set a “market perform” rating for the company in a report on Tuesday, March 11th. Evercore ISI decreased their price target on shares of Oracle from $200.00 to $185.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 11th. Finally, Westpark Capital began coverage on shares of Oracle in a research note on Tuesday, April 1st. They issued a “buy” rating and a $195.00 target price for the company. Fourteen investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $174.42.

Oracle Trading Up 3.6 %

Shares of NYSE ORCL opened at $150.77 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The company has a market cap of $421.70 billion, a PE ratio of 36.86, a P/E/G ratio of 3.46 and a beta of 1.22. The company has a 50-day moving average of $143.62 and a two-hundred day moving average of $163.82. Oracle Co. has a 1-year low of $114.55 and a 1-year high of $198.31.

Oracle (NYSE:ORCL) last released its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). The firm had revenue of $14.13 billion for the quarter, compared to the consensus estimate of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.41 EPS. As a group, equities analysts expect that Oracle Co. will post 5 earnings per share for the current fiscal 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. 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 1.33%. Oracle’s payout ratio is currently 46.95%.

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.