Venturi Wealth Management LLC Has $3.20 Million Stock Position in Oracle Co. (NYSE:ORCL)

Venturi Wealth Management LLC increased its stake in Oracle Co. (NYSE:ORCL) by 17.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,228 shares of the enterprise software provider’s stock after buying an additional 2,851 shares during the quarter. Venturi Wealth Management LLC’s holdings in Oracle were worth $3,204,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CIBC Asset Management Inc increased its stake in shares of Oracle by 5.0% during the 4th quarter. CIBC Asset Management Inc now owns 280,514 shares of the enterprise software provider’s stock worth $46,745,000 after purchasing an additional 13,424 shares during the last quarter. Pittenger & Anderson Inc. grew its holdings in Oracle by 59.7% during the fourth quarter. Pittenger & Anderson Inc. now owns 43,463 shares of the enterprise software provider’s stock worth $7,243,000 after purchasing an additional 16,245 shares during the period. Woodard & Co. Asset Management Group Inc. ADV increased its position in Oracle by 109.3% during the fourth quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 9,119 shares of the enterprise software provider’s stock worth $1,520,000 after buying an additional 4,762 shares during the last quarter. NTV Asset Management LLC raised its stake in Oracle by 1.5% in the fourth quarter. NTV Asset Management LLC now owns 6,033 shares of the enterprise software provider’s stock valued at $1,005,000 after buying an additional 87 shares during the period. Finally, Sanctuary Advisors LLC lifted its position in shares of Oracle by 3.2% in the fourth quarter. Sanctuary Advisors LLC now owns 315,749 shares of the enterprise software provider’s stock valued at $53,797,000 after buying an additional 9,670 shares during the last quarter. 42.44% of the stock is owned by institutional investors.

Insider Activity

In other Oracle 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 directly owns 1,118,592 shares of the company’s stock, valued at $207,331,027.20. The trade was a 65.26 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 42.20% of the company’s stock.

Oracle Stock Down 0.2 %

Shares of NYSE ORCL opened at $173.50 on Tuesday. Oracle Co. has a 12-month low of $106.51 and a 12-month high of $198.31. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The firm has a market cap of $485.27 billion, a PE ratio of 42.42, a P/E/G ratio of 3.39 and a beta of 1.05. The company’s fifty day simple moving average is $169.33 and its 200 day simple moving average is $165.99.

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

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is 39.12%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ORCL shares. BNP Paribas raised shares of Oracle to a “strong-buy” rating in a research report on Tuesday, December 10th. Cantor Fitzgerald assumed coverage on Oracle in a research report on Friday, January 17th. They issued an “overweight” rating and a $214.00 target price on the stock. Evercore ISI lifted their price objective on shares of Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Guggenheim upped their target price on Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Finally, Morgan Stanley lifted their price objective on shares of Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $182.73.

Oracle Company 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.