Private Wealth Partners LLC Has $2.09 Million Stock Position in Oracle Co. (NYSE:ORCL)

Private Wealth Partners LLC raised its position in shares of Oracle Co. (NYSE:ORCL) by 8.3% in the 4th quarter, Holdings Channel reports. The firm owned 19,794 shares of the enterprise software provider’s stock after acquiring an additional 1,525 shares during the period. Private Wealth Partners LLC’s holdings in Oracle were worth $2,087,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bison Wealth LLC lifted its stake in shares of Oracle by 0.8% in the third quarter. Bison Wealth LLC now owns 12,089 shares of the enterprise software provider’s stock worth $1,280,000 after buying an additional 91 shares in the last quarter. MONECO Advisors LLC lifted its position in Oracle by 1.1% during the third quarter. MONECO Advisors LLC now owns 8,652 shares of the enterprise software provider’s stock valued at $916,000 after purchasing an additional 94 shares during the period. Everhart Financial Group Inc. lifted its position in Oracle by 1.4% during the fourth quarter. Everhart Financial Group Inc. now owns 7,163 shares of the enterprise software provider’s stock valued at $755,000 after purchasing an additional 96 shares during the period. Nicholas Hoffman & Company LLC. lifted its position in Oracle by 1.0% during the third quarter. Nicholas Hoffman & Company LLC. now owns 9,443 shares of the enterprise software provider’s stock valued at $1,000,000 after purchasing an additional 98 shares during the period. Finally, J.W. Cole Advisors Inc. lifted its position in Oracle by 0.5% during the third quarter. J.W. Cole Advisors Inc. now owns 21,290 shares of the enterprise software provider’s stock valued at $2,255,000 after purchasing an additional 100 shares during the period. Institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 790,000 shares of the stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at $141,546,631.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 42.80% of the stock is owned by company insiders.

Oracle Price Performance

ORCL traded up $2.32 during trading on Friday, hitting $117.21. 8,355,111 shares of the company traded hands, compared to its average volume of 5,810,524. The company has a market cap of $322.15 billion, a PE ratio of 30.93, a P/E/G ratio of 2.35 and a beta of 1.01. The stock’s 50-day simple moving average is $119.42 and its two-hundred day simple moving average is $113.13. Oracle Co. has a 1 year low of $93.29 and a 1 year high of $132.77. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.04. The company had revenue of $13.28 billion during the quarter, compared to analysts’ expectations of $13.29 billion. Oracle had a net margin of 20.27% and a return on equity of 336.11%. Oracle’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period last year, the company posted $0.96 earnings per share. As a group, sell-side analysts anticipate that Oracle Co. will post 4.44 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.60 annualized dividend and a yield of 1.37%. Oracle’s dividend payout ratio (DPR) is currently 42.22%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ORCL. Oppenheimer began coverage on shares of Oracle in a research report on Thursday, April 18th. They set a “market perform” rating on the stock. William Blair upgraded shares of Oracle from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 12th. Piper Sandler lowered their price objective on shares of Oracle from $125.00 to $122.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 2nd. Argus raised shares of Oracle from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. Finally, The Goldman Sachs Group upped their target price on shares of Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, March 13th. Ten investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $130.76.

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.