Oracle Co. (NYSE:ORCL) Holdings Lifted by C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its holdings in shares of Oracle Co. (NYSE:ORCL) by 4.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,689 shares of the enterprise software provider’s stock after buying an additional 193 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings in Oracle were worth $781,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in ORCL. R Squared Ltd bought a new position in Oracle in the 4th quarter valued at about $25,000. Winch Advisory Services LLC lifted 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 worth $31,000 after acquiring an additional 87 shares during the period. TFC Financial Management Inc. boosted its holdings 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 acquiring an additional 120 shares in the last quarter. Reston Wealth Management LLC acquired a new position in shares of Oracle during the third quarter valued at approximately $44,000. Finally, Synergy Asset Management LLC bought a new stake in Oracle during the fourth quarter worth approximately $47,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Safra Catz sold 345,174 shares of the company’s stock in a transaction dated Friday, January 24th. The stock was 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 approximately $207,565,931.52. This represents a 23.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 42.20% of the stock is owned by insiders.

Oracle Price Performance

Shares of NYSE:ORCL opened at $181.51 on Thursday. The firm has a market cap of $507.68 billion, a price-to-earnings ratio of 44.38, a P/E/G ratio of 3.43 and a beta of 1.05. Oracle Co. has a 1 year low of $106.51 and a 1 year high of $198.31. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The business has a fifty day simple moving average of $169.09 and a 200 day simple moving average of $166.67.

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

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were paid 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 0.88%. Oracle’s dividend payout ratio (DPR) is 39.12%.

Analyst Upgrades and Downgrades

ORCL has been the subject of a number of research reports. Evercore ISI increased their price target on Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Jefferies Financial Group boosted their price target on shares of Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. JMP Securities restated a “market outperform” rating and set a $205.00 price objective on shares of Oracle in a research report on Wednesday, January 22nd. Monness Crespi & Hardt downgraded shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 target price on the stock. in a report on Friday, December 20th. Finally, Cantor Fitzgerald started coverage on shares of Oracle in a report on Friday, January 17th. They set an “overweight” rating and a $214.00 target price for the company. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $182.73.

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.