Apollon Wealth Management LLC Grows Position in Oracle Co. (NYSE:ORCL)

Apollon Wealth Management LLC raised its position in Oracle Co. (NYSE:ORCL) by 108.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 62,733 shares of the enterprise software provider’s stock after acquiring an additional 32,684 shares during the quarter. Apollon Wealth Management LLC’s holdings in Oracle were worth $6,614,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Avidian Wealth Solutions LLC increased its position in Oracle by 1.1% in the 4th quarter. Avidian Wealth Solutions LLC now owns 8,516 shares of the enterprise software provider’s stock valued at $898,000 after buying an additional 90 shares in the last quarter. Bison Wealth LLC raised its position in shares of Oracle by 0.8% during the 3rd quarter. Bison Wealth LLC now owns 12,089 shares of the enterprise software provider’s stock valued at $1,280,000 after buying an additional 91 shares in the last quarter. MONECO Advisors LLC grew its holdings in shares of Oracle by 1.1% during the 3rd 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 last quarter. Everhart Financial Group Inc. increased its stake in shares of Oracle by 1.4% in the fourth quarter. Everhart Financial Group Inc. now owns 7,163 shares of the enterprise software provider’s stock worth $755,000 after buying an additional 96 shares during the period. Finally, Nicholas Hoffman & Company LLC. raised its position in Oracle by 1.0% during the 3rd 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 last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Trading Up 2.2 %

ORCL stock traded up $2.54 during trading on Monday, reaching $118.34. 5,301,334 shares of the stock traded hands, compared to its average volume of 8,261,409. Oracle Co. has a 52-week low of $96.10 and a 52-week high of $132.77. The business’s 50 day moving average price is $120.06 and its 200-day moving average price is $113.46. The company has a debt-to-equity ratio of 13.34, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market capitalization of $325.26 billion, a PE ratio of 31.22, a P/E/G ratio of 2.32 and a beta of 1.03.

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

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th were paid 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 dividend yield of 1.35%. Oracle’s dividend payout ratio is presently 42.22%.

Analysts Set New Price Targets

ORCL has been the subject of a number of analyst reports. StockNews.com lowered Oracle from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. KeyCorp assumed coverage on shares of Oracle in a research note on Thursday, March 21st. They set an “overweight” rating and a $150.00 price target for the company. William Blair upgraded shares of Oracle from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 12th. Oppenheimer started coverage on Oracle in a research report on Thursday, April 18th. They set a “market perform” rating for the company. Finally, BMO Capital Markets increased their target price on Oracle from $126.00 to $142.00 and gave the company a “market perform” rating in a report on Tuesday, March 12th. Eleven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $130.76.

Insider Buying and Selling

In other Oracle news, Director George H. Conrades sold 25,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total value of $2,903,250.00. Following the sale, the director now directly owns 17,836 shares in the company, valued at $2,071,294.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Oracle news, CEO Safra Catz sold 790,000 shares of Oracle stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total value of $99,966,600.00. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $141,546,631.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director George H. Conrades sold 25,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $116.13, for a total transaction of $2,903,250.00. Following the completion of the transaction, the director now owns 17,836 shares in the company, valued at $2,071,294.68. The disclosure for this sale can be found here. Over the last quarter, insiders sold 835,000 shares of company stock worth $105,189,850. Insiders own 42.80% of the company’s stock.

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.