Oracle Co. (NYSE:ORCL) Shares Purchased by Atlantic Edge Private Wealth Management LLC

Atlantic Edge Private Wealth Management LLC raised its stake in shares of Oracle Co. (NYSE:ORCL) by 4.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,643 shares of the enterprise software provider’s stock after buying an additional 76 shares during the period. Atlantic Edge Private Wealth Management LLC’s holdings in Oracle were worth $274,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. R Squared Ltd bought a new stake in shares of Oracle during the 4th quarter worth $25,000. Winch Advisory Services LLC increased its position in shares of Oracle by 89.7% in the fourth 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 in the last quarter. Reston Wealth Management LLC purchased a new stake in shares of Oracle in the 3rd quarter valued at approximately $44,000. Synergy Asset Management LLC acquired a new position in Oracle in the 4th quarter worth approximately $47,000. Finally, Friedenthal Financial acquired a new stake in Oracle during the 3rd quarter valued at $51,000. 42.44% of the stock is currently owned by institutional investors.

Insider Activity at Oracle

In other news, CEO Safra Catz sold 2,101,154 shares of Oracle stock in a transaction on Wednesday, January 22nd. The shares were 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 owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. The trade was 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. 42.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on ORCL. StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a report on Tuesday. JMP Securities reaffirmed a “market outperform” rating and issued a $205.00 price objective on shares of Oracle in a research note on Wednesday, January 22nd. DA Davidson raised their target price on Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Royal Bank of Canada restated a “sector perform” rating and set a $165.00 target price on shares of Oracle in a report on Thursday, December 5th. Finally, BMO Capital Markets raised their target price on Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and an average target price of $182.73.

Oracle Trading Up 2.6 %

Oracle stock opened at $178.97 on Tuesday. The firm has a 50-day moving average of $170.42 and a 200-day moving average of $164.68. Oracle Co. has a one year low of $106.51 and a one year high of $198.31. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market cap of $500.58 billion, a price-to-earnings ratio of 43.76, a P/E/G ratio of 3.39 and a beta of 1.05.

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

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.89%. Oracle’s dividend payout ratio is presently 39.12%.

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.