1900 Wealth Management LLC Increases Holdings in Oracle Co. (NYSE:ORCL)

1900 Wealth Management LLC lifted its holdings in shares of Oracle Co. (NYSE:ORCL) by 3.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,697 shares of the enterprise software provider’s stock after acquiring an additional 111 shares during the period. 1900 Wealth Management LLC’s holdings in Oracle were worth $616,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ORCL. Brookstone Capital Management lifted its stake in Oracle by 2.3% in the third quarter. Brookstone Capital Management now owns 28,458 shares of the enterprise software provider’s stock valued at $4,849,000 after buying an additional 630 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new position in Oracle in the 3rd quarter valued at about $72,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its stake in Oracle by 76.7% during the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,496 shares of the enterprise software provider’s stock valued at $766,000 after acquiring an additional 1,952 shares during the last quarter. Wedmont Private Capital lifted its position in Oracle by 14.2% during the 3rd quarter. Wedmont Private Capital now owns 89,486 shares of the enterprise software provider’s stock worth $15,210,000 after acquiring an additional 11,119 shares during the period. Finally, Adirondack Trust Co. lifted its stake in shares of Oracle by 0.8% in the 3rd quarter. Adirondack Trust Co. now owns 8,636 shares of the enterprise software provider’s stock worth $1,472,000 after acquiring an additional 67 shares during the period. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Safra Catz sold 2,101,154 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $207,331,027.20. This trade represents a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 42.20% of the company’s stock.

Oracle Stock Up 0.5 %

NYSE:ORCL opened at $172.53 on Friday. The stock has a 50-day simple moving average of $170.83 and a 200 day simple moving average of $164.05. Oracle Co. has a one year low of $106.51 and a one year high of $198.31. The company has a market capitalization of $482.56 billion, a price-to-earnings ratio of 42.18, a price-to-earnings-growth ratio of 3.35 and a beta of 1.05. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.01). The business had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the firm posted $1.34 earnings per share. Sell-side analysts predict that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were given a dividend of $0.40 per share. The ex-dividend date was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.93%. Oracle’s dividend payout ratio is currently 39.12%.

Wall Street Analysts Forecast Growth

ORCL has been the subject of several recent analyst reports. Evercore ISI raised their price target on Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Guggenheim upped their target price on shares of Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Mizuho lifted their price target on Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. KeyCorp increased their target price on Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Finally, Monness Crespi & Hardt lowered shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price objective for the company. in a research report on Friday, December 20th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Oracle currently has an average rating of “Moderate Buy” and an average target price of $182.73.

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.