IAG Wealth Partners LLC Has $503,000 Holdings in Oracle Co. (NYSE:ORCL)

IAG Wealth Partners LLC boosted its stake in Oracle Co. (NYSE:ORCL) by 9.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,021 shares of the enterprise software provider’s stock after purchasing an additional 267 shares during the quarter. IAG Wealth Partners LLC’s holdings in Oracle were worth $503,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. R Squared Ltd bought a new position in Oracle in the fourth quarter valued at about $25,000. Winch Advisory Services LLC grew its position in Oracle by 89.7% in the fourth 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. Synergy Investment Management LLC bought a new position in Oracle in the fourth quarter valued at about $34,000. TFC Financial Management Inc. grew its position in 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 acquiring an additional 120 shares during the last quarter. Finally, Synergy Asset Management LLC bought a new position in Oracle in the fourth quarter valued at about $47,000. Institutional investors own 42.44% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Stifel Nicolaus decreased their target price on Oracle from $175.00 to $150.00 and set a “hold” rating on the stock in a research report on Tuesday. JPMorgan Chase & Co. reduced their price target on Oracle from $140.00 to $135.00 and set a “neutral” rating on the stock in a report on Tuesday. DA Davidson restated a “neutral” rating and set a $150.00 price target on shares of Oracle in a report on Tuesday. Mizuho boosted their price target on Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Finally, Cantor Fitzgerald reduced their price target on Oracle from $214.00 to $175.00 and set an “overweight” rating on the stock in a report on Tuesday. Thirteen research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $176.85.

Oracle Trading Up 4.8 %

Shares of Oracle stock opened at $151.17 on Thursday. The stock has a fifty day simple moving average of $166.51 and a 200 day simple moving average of $169.49. Oracle Co. has a 12-month low of $112.78 and a 12-month high of $198.31. The company has a market capitalization of $422.81 billion, a P/E ratio of 36.96, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (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 company had revenue of $14.13 billion for the quarter, compared to the consensus estimate of $14.40 billion. During the same quarter last year, the company posted $1.41 EPS. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be issued a dividend of $0.50 per share. The ex-dividend date is Thursday, April 10th. This represents a $2.00 annualized dividend and a yield of 1.32%. This is an increase from Oracle’s previous quarterly dividend of $0.40. Oracle’s dividend payout ratio is 39.12%.

Insider Buying and Selling

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the company’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at $207,331,027.20. This represents a 65.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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.