NewEdge Advisors LLC Purchases 15,496 Shares of Oracle Co. (NYSE:ORCL)

NewEdge Advisors LLC lifted its position in Oracle Co. (NYSE:ORCL) by 3.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 511,947 shares of the enterprise software provider’s stock after buying an additional 15,496 shares during the quarter. NewEdge Advisors LLC’s holdings in Oracle were worth $85,311,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of ORCL. R Squared Ltd acquired a new stake in Oracle in the fourth quarter worth about $25,000. Winch Advisory Services LLC raised its position 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 purchasing an additional 87 shares during the last quarter. Hurley Capital LLC acquired a new stake in Oracle in the 4th quarter worth approximately $33,000. Synergy Investment Management LLC purchased a new stake in Oracle during the 4th quarter worth approximately $34,000. Finally, TFC Financial Management Inc. increased its stake in Oracle by 129.0% during the 4th 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 own 42.44% of the company’s stock.

Oracle Trading Down 0.6 %

Shares of NYSE:ORCL opened at $133.83 on Wednesday. The business’s 50 day moving average price is $153.73 and its 200-day moving average price is $167.15. Oracle Co. has a 1 year low of $112.78 and a 1 year high of $198.31. The firm has a market capitalization of $374.33 billion, a price-to-earnings ratio of 32.72, a price-to-earnings-growth 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 (NYSE:ORCL) last posted its quarterly earnings data 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). The company had revenue of $14.13 billion for the quarter, compared to analysts’ expectations of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.41 earnings per share. On average, equities research analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be paid a dividend of $0.50 per share. This is a positive change from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend is Thursday, April 10th. Oracle’s payout ratio is 46.95%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on ORCL shares. JPMorgan Chase & Co. dropped their price objective on shares of Oracle from $140.00 to $135.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th. KeyCorp reissued an “overweight” rating and issued a $200.00 price objective on shares of Oracle in a report on Tuesday, March 11th. Royal Bank of Canada set a $145.00 price objective on Oracle and gave the stock a “sector perform” rating in a research note on Tuesday, March 11th. DA Davidson dropped their target price on Oracle from $150.00 to $140.00 and set a “neutral” rating on the stock in a research report on Monday. Finally, Citigroup reduced their price target on shares of Oracle from $194.00 to $160.00 and set a “neutral” rating for the company in a research report on Wednesday, March 12th. Thirteen investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $177.12.

Insider Buying and Selling at Oracle

In other news, Director Naomi O. Seligman sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total transaction of $291,620.00. Following the completion of the sale, the director now owns 34,630 shares in the company, valued at $5,049,400.30. This trade represents a 5.46 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Leon E. Panetta sold 5,000 shares of Oracle stock in a transaction on Friday, April 11th. The shares were sold at an average price of $129.77, for a total value of $648,850.00. Following the completion of the sale, the director now owns 58,090 shares in the company, valued at $7,538,339.30. This represents a 7.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,453,328 shares of company stock valued at $454,439,851 over the last quarter. 42.20% of the stock is currently owned by insiders.

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.