Northwest Wealth Management LLC Has $418,000 Position in Oracle Co. (NYSE:ORCL)

Northwest Wealth Management LLC boosted its stake in shares of Oracle Co. (NYSE:ORCL) by 4.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,509 shares of the enterprise software provider’s stock after buying an additional 109 shares during the quarter. Northwest Wealth Management LLC’s holdings in Oracle were worth $418,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ORCL. Raymond James Financial Inc. bought a new position in shares of Oracle in the 4th quarter worth about $930,095,000. Franklin Resources Inc. raised its position in shares of Oracle by 11.6% in the 3rd quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock worth $3,370,640,000 after acquiring an additional 1,917,416 shares in the last quarter. State Street Corp raised its position in shares of Oracle by 2.7% in the 3rd quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock worth $12,003,241,000 after acquiring an additional 1,847,561 shares in the last quarter. Amundi raised its position in shares of Oracle by 15.2% in the 4th quarter. Amundi now owns 12,327,164 shares of the enterprise software provider’s stock worth $2,012,943,000 after acquiring an additional 1,623,609 shares in the last quarter. Finally, Proficio Capital Partners LLC raised its position in shares of Oracle by 3,805.0% in the 4th quarter. Proficio Capital Partners LLC now owns 966,571 shares of the enterprise software provider’s stock worth $161,069,000 after acquiring an additional 941,819 shares in the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Oracle

In related news, CEO Safra Catz sold 2,101,154 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. This represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 42.20% of the stock is owned by company insiders.

Oracle Price Performance

Shares of NYSE ORCL opened at $147.41 on Friday. Oracle Co. has a twelve month low of $112.78 and a twelve month high of $198.31. The stock’s 50 day moving average price is $166.14 and its 200-day moving average price is $169.34. The company has a market capitalization of $412.30 billion, a PE ratio of 36.04, a PEG ratio of 3.46 and a beta of 1.07. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share 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 business had revenue of $14.13 billion during the quarter, compared to analysts’ expectations of $14.40 billion. During the same quarter in the previous year, the firm earned $1.41 EPS. Oracle’s quarterly revenue was up 6.4% on a year-over-year basis. On average, equities analysts anticipate that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be paid a $0.50 dividend. This is an increase from Oracle’s previous quarterly dividend of $0.40. The ex-dividend date is Thursday, April 10th. This represents a $2.00 annualized dividend and a yield of 1.36%. Oracle’s dividend payout ratio is presently 39.12%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ORCL shares. Citigroup lowered their price objective on Oracle from $194.00 to $160.00 and set a “neutral” rating for the company in a research report on Wednesday. StockNews.com lowered Oracle from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. JMP Securities reissued a “market outperform” rating and issued a $205.00 price objective on shares of Oracle in a research report on Wednesday, January 22nd. BNP Paribas raised Oracle to a “strong-buy” rating in a research report on Tuesday, December 10th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $150.00 target price on shares of Oracle in a research report on Tuesday. Twelve research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $179.71.

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.