Lifelong Wealth Advisors Inc. Buys New Position in Oracle Co. (NYSE:ORCL)

Lifelong Wealth Advisors Inc. purchased a new position in shares of Oracle Co. (NYSE:ORCL) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 39,954 shares of the enterprise software provider’s stock, valued at approximately $6,658,000. Oracle accounts for about 3.0% of Lifelong Wealth Advisors Inc.’s investment portfolio, making the stock its 4th biggest position.

Other hedge funds and other institutional investors have also modified their holdings of the company. R Squared Ltd acquired a new position in shares of Oracle in the 4th quarter valued at $25,000. Winch Advisory Services LLC raised its stake in shares of 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 period. Hurley Capital LLC acquired a new stake in Oracle in the 4th quarter valued at $33,000. Synergy Investment Management LLC purchased a new position in Oracle in the fourth quarter valued at about $34,000. Finally, TFC Financial Management Inc. grew 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 valued at $35,000 after buying an additional 120 shares in the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Oracle

In other Oracle news, Director Leon E. Panetta sold 5,000 shares of the company’s 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 transaction, the director now owns 58,090 shares of the company’s stock, valued at approximately $7,538,339.30. This represents a 7.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Naomi O. Seligman sold 2,000 shares of Oracle 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 completion of the transaction, the director now owns 34,630 shares in the company, valued at $5,049,400.30. The trade was a 5.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,453,328 shares of company stock valued at $454,439,851 over the last ninety days. Insiders own 42.20% of the company’s stock.

Oracle Price Performance

Shares of NYSE:ORCL opened at $133.83 on Wednesday. The stock has a market cap of $374.33 billion, a price-to-earnings ratio of 32.72, a PEG ratio of 3.46 and a beta of 1.22. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. Oracle Co. has a 12 month low of $112.78 and a 12 month high of $198.31. The stock’s 50 day moving average price is $153.73 and its 200 day moving average price is $167.15.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.02). The firm had revenue of $14.13 billion during the quarter, compared to analyst estimates of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.41 EPS. Equities research analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be issued a $0.50 dividend. This is an increase from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend is Thursday, April 10th. Oracle’s payout ratio is presently 46.95%.

Wall Street Analysts Forecast Growth

ORCL has been the topic of a number of analyst reports. Westpark Capital initiated coverage on shares of Oracle in a research note on Tuesday, April 1st. They set a “buy” rating and a $195.00 price objective on the stock. StockNews.com downgraded Oracle from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. 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. KeyCorp reaffirmed an “overweight” rating and issued a $200.00 price target on shares of Oracle in a report on Tuesday, March 11th. Finally, Monness Crespi & Hardt upgraded shares of Oracle from a “sell” rating to a “neutral” rating in a research note on Monday, March 3rd. Thirteen equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $177.12.

About Oracle

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.