BlackDiamond Wealth Management LLC Takes Position in Oracle Co. (NYSE:ORCL)

BlackDiamond Wealth Management LLC acquired a new position in shares of Oracle Co. (NYSE:ORCL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,961 shares of the enterprise software provider’s stock, valued at approximately $228,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Orion Capital Management LLC bought a new position in shares of Oracle in the 3rd quarter worth about $25,000. Ritter Daniher Financial Advisory LLC DE increased its stake in shares of Oracle by 298.4% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock valued at $26,000 after acquiring an additional 182 shares in the last quarter. Spartan Planning & Wealth Management acquired a new position in shares of Oracle during the 3rd quarter valued at $27,000. Tidemark LLC bought a new position in Oracle during the fourth quarter worth $29,000. Finally, Nordwand Advisors LLC bought a new stake in Oracle in the fourth quarter valued at $30,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Trading Down 1.1 %

NYSE ORCL traded down $1.33 on Friday, hitting $122.76. 2,580,884 shares of the stock were exchanged, compared to its average volume of 7,954,824. The stock has a fifty day moving average price of $121.37 and a two-hundred day moving average price of $114.89. The firm has a market capitalization of $337.41 billion, a P/E ratio of 32.34, a P/E/G ratio of 2.89 and a beta of 1.03. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85. Oracle Co. has a 52-week low of $98.77 and a 52-week high of $132.77.

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

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.30%. The ex-dividend date was Tuesday, April 9th. Oracle’s dividend payout ratio (DPR) is currently 42.22%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ORCL. StockNews.com upgraded shares of Oracle from a “hold” rating to a “buy” rating in a report on Thursday, May 9th. The Goldman Sachs Group increased their price target on Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research report on Wednesday, March 13th. Oppenheimer started coverage on shares of Oracle in a research note on Thursday, April 18th. They issued a “market perform” rating for the company. Argus upgraded shares of Oracle from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. Finally, KeyCorp initiated coverage on Oracle in a research report on Thursday, March 21st. They set an “overweight” rating and a $150.00 target price for the company. Ten analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and an average target price of $130.76.

Insider Transactions at Oracle

In other Oracle news, CEO Safra Catz sold 790,000 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Oracle news, CEO Safra Catz sold 790,000 shares of the company’s 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 directly 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 accessible through this hyperlink. Also, Director Michael J. Boskin sold 45,000 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $117.74, for a total value of $5,298,300.00. Following the transaction, the director now directly owns 87,473 shares of the company’s stock, valued at approximately $10,299,071.02. The disclosure for this sale can be found here. Insiders have sold 880,000 shares of company stock worth $110,488,150 over the last 90 days. 42.80% of the stock is currently owned by company insiders.

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.