Greykasell Wealth Strategies Inc. Takes Position in Oracle Co. (NYSE:ORCL)

Greykasell Wealth Strategies Inc. purchased a new stake in Oracle Co. (NYSE:ORCL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,901 shares of the enterprise software provider’s stock, valued at approximately $650,000.

Several other institutional investors have also added to or reduced their stakes in ORCL. Raymond James Financial Inc. acquired a new position in Oracle during the fourth quarter valued at approximately $930,095,000. Franklin Resources Inc. increased its holdings in Oracle by 11.6% in the third quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock valued at $3,370,640,000 after purchasing an additional 1,917,416 shares during the period. State Street Corp increased its holdings in Oracle by 2.7% in the third quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock valued at $12,003,241,000 after purchasing an additional 1,847,561 shares during the period. Amundi increased its holdings in Oracle by 15.2% in the fourth quarter. Amundi now owns 12,327,164 shares of the enterprise software provider’s stock valued at $2,012,943,000 after purchasing an additional 1,623,609 shares during the period. Finally, Proficio Capital Partners LLC increased its holdings in Oracle by 3,805.0% in the fourth quarter. Proficio Capital Partners LLC now owns 966,571 shares of the enterprise software provider’s stock valued at $161,069,000 after purchasing an additional 941,819 shares during the period. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Price Performance

Oracle stock opened at $149.36 on Friday. Oracle Co. has a 52 week low of $112.78 and a 52 week high of $198.31. The company’s 50 day moving average price is $165.80 and its two-hundred day moving average price is $169.41. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The stock has a market cap of $417.76 billion, a P/E ratio of 36.52, a P/E/G ratio of 3.46 and a beta of 1.07.

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

Oracle Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.34%. This is a boost from Oracle’s previous quarterly dividend of $0.40. Oracle’s dividend payout ratio (DPR) is currently 39.12%.

Insiders Place Their Bets

In other news, CEO Safra Catz sold 345,174 shares of the firm’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at $207,565,931.52. This trade represents a 23.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 42.20% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on ORCL. Morgan Stanley decreased their price target on Oracle from $175.00 to $170.00 and set an “equal weight” rating for the company in a report on Tuesday. DA Davidson reiterated a “neutral” rating and set a $150.00 price target on shares of Oracle in a report on Tuesday. Evercore ISI decreased their price target on Oracle from $200.00 to $185.00 and set an “outperform” rating for the company in a report on Tuesday. Guggenheim reiterated a “buy” rating and set a $220.00 price target on shares of Oracle in a report on Wednesday, March 5th. Finally, BMO Capital Markets decreased their price target on Oracle from $205.00 to $175.00 and set a “market perform” rating for the company in a report on Tuesday. Twelve research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $179.71.

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.