Concentrum Wealth Management Boosts Holdings in Oracle Co. (NYSE:ORCL)

Concentrum Wealth Management lifted its stake in shares of Oracle Co. (NYSE:ORCL) by 63.3% in the fourth quarter, Holdings Channel reports. The firm owned 5,797 shares of the enterprise software provider’s stock after buying an additional 2,247 shares during the period. Concentrum Wealth Management’s holdings in Oracle were worth $966,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. R Squared Ltd purchased a new stake in shares of Oracle during the fourth quarter worth $25,000. Winch Advisory Services LLC raised its holdings 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 acquiring an additional 87 shares during the last quarter. Hurley Capital LLC purchased a new position in Oracle in the 4th quarter worth approximately $33,000. Synergy Investment Management LLC acquired a new position in shares of Oracle during the 4th quarter worth approximately $34,000. Finally, TFC Financial Management Inc. grew its position 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 valued at $35,000 after purchasing an additional 120 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on ORCL shares. Royal Bank of Canada set a $145.00 price objective on Oracle and gave the stock a “sector perform” rating in a research report on Tuesday, March 11th. Stifel Nicolaus reduced their price target on Oracle from $175.00 to $150.00 and set a “hold” rating on the stock in a report on Tuesday, March 11th. DA Davidson reissued a “neutral” rating and issued a $150.00 price objective on shares of Oracle in a report on Tuesday, March 11th. Citigroup reduced their target price on shares of Oracle from $194.00 to $160.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 12th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Oracle from $140.00 to $135.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Thirteen investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $178.65.

Oracle Price Performance

ORCL stock opened at $128.17 on Monday. The business’s 50-day moving average is $160.05 and its two-hundred day moving average is $169.38. 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 firm has a market capitalization of $358.48 billion, a P/E ratio of 31.34, a P/E/G ratio of 3.46 and a beta of 1.22. Oracle Co. has a 1 year low of $112.78 and a 1 year high of $198.31.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $14.40 billion. During the same quarter in the prior year, the firm earned $1.41 EPS. The firm’s revenue was up 6.4% compared to the same quarter last year. Analysts anticipate 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 will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.56%. This is an increase from Oracle’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Thursday, April 10th. Oracle’s payout ratio is 46.95%.

Insider Transactions at Oracle

In related news, CEO Safra Catz sold 2,101,154 shares of the business’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total value of $389,448,893.90. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $207,331,027.20. The trade was a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Naomi O. Seligman sold 2,000 shares of the firm’s stock in a transaction dated 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 directly owns 34,630 shares in the company, valued at approximately $5,049,400.30. The trade was a 5.46 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,448,328 shares of company stock valued at $453,791,001. 42.20% of the stock is currently owned by corporate insiders.

Oracle 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.