EverSource Wealth Advisors LLC Purchases 179 Shares of Oracle Co. (NYSE:ORCL)

EverSource Wealth Advisors LLC raised its position in Oracle Co. (NYSE:ORCL) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,924 shares of the enterprise software provider’s stock after purchasing an additional 179 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Oracle were worth $1,257,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Seven Mile Advisory raised its position in Oracle by 10.6% in the fourth quarter. Seven Mile Advisory now owns 5,236 shares of the enterprise software provider’s stock valued at $552,000 after purchasing an additional 502 shares during the last quarter. Nemes Rush Group LLC increased its stake in shares of Oracle by 1.2% in the fourth quarter. Nemes Rush Group LLC now owns 7,334 shares of the enterprise software provider’s stock valued at $773,000 after buying an additional 86 shares during the period. Certified Advisory Corp increased its stake in shares of Oracle by 19.1% in the fourth quarter. Certified Advisory Corp now owns 3,312 shares of the enterprise software provider’s stock valued at $349,000 after buying an additional 532 shares during the period. Journey Strategic Wealth LLC increased its stake in shares of Oracle by 18.2% in the fourth quarter. Journey Strategic Wealth LLC now owns 5,646 shares of the enterprise software provider’s stock valued at $595,000 after buying an additional 870 shares during the period. Finally, Assetmark Inc. increased its stake in shares of Oracle by 3.4% in the fourth quarter. Assetmark Inc. now owns 9,663 shares of the enterprise software provider’s stock valued at $1,019,000 after buying an additional 317 shares during the period. 42.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ORCL has been the subject of several recent research reports. William Blair raised Oracle from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 12th. StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th. Oppenheimer started coverage on Oracle in a research note on Thursday, April 18th. They set a “market perform” rating for the company. HSBC raised their target price on Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Finally, Argus raised Oracle from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. Ten analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus 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 business’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 sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, CEO Safra Catz sold 790,000 shares of Oracle stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total value of $99,966,600.00. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $141,546,631.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director George H. Conrades sold 25,000 shares of Oracle stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $116.13, for a total value of $2,903,250.00. Following the completion of the transaction, the director now owns 17,836 shares of the company’s stock, valued at $2,071,294.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 880,000 shares of company stock worth $110,488,150. 42.80% of the stock is owned by company insiders.

Oracle Stock Down 0.4 %

Shares of ORCL stock traded down $0.49 during trading hours on Wednesday, reaching $124.14. The company had a trading volume of 2,527,588 shares, compared to its average volume of 7,994,838. Oracle Co. has a 12 month low of $97.29 and a 12 month high of $132.77. 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 business has a fifty day simple moving average of $121.42 and a 200-day simple moving average of $114.76. The company has a market cap of $341.20 billion, a price-to-earnings ratio of 32.75, a price-to-earnings-growth ratio of 2.50 and a beta of 1.03.

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 analysts’ consensus estimates of $1.37 by $0.04. The company had revenue of $13.28 billion for the quarter, compared to analyst estimates of $13.29 billion. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the company earned $0.96 earnings per share. On average, research analysts expect that Oracle Co. will post 4.44 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a yield of 1.29%. Oracle’s dividend payout ratio (DPR) is currently 42.22%.

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.