Oracle Co. (NYSE:ORCL) Shares Purchased by Moran Wealth Management LLC

Moran Wealth Management LLC raised its stake in Oracle Co. (NYSE:ORCL) by 11.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,351 shares of the enterprise software provider’s stock after acquiring an additional 1,304 shares during the period. Moran Wealth Management LLC’s holdings in Oracle were worth $2,058,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. Main Street Research LLC raised its position in Oracle by 1.0% in the 4th quarter. Main Street Research LLC now owns 211,326 shares of the enterprise software provider’s stock valued at $35,215,000 after purchasing an additional 2,019 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Oracle by 2.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 430,143 shares of the enterprise software provider’s stock valued at $71,679,000 after buying an additional 11,881 shares during the last quarter. Fairscale Capital LLC boosted its stake in shares of Oracle by 16.8% during the fourth quarter. Fairscale Capital LLC now owns 847 shares of the enterprise software provider’s stock worth $141,000 after buying an additional 122 shares during the period. Sowell Financial Services LLC grew its holdings in shares of Oracle by 0.9% during the fourth quarter. Sowell Financial Services LLC now owns 25,778 shares of the enterprise software provider’s stock worth $4,296,000 after buying an additional 224 shares during the last quarter. Finally, Retirement Solution LLC acquired a new position in Oracle in the 4th quarter valued at about $304,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Activity

In other news, CEO Safra Catz sold 2,101,154 shares of the company’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $207,331,027.20. This represents a 65.26 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 42.20% of the company’s stock.

Oracle Price Performance

Oracle stock opened at $144.29 on Wednesday. The firm’s 50-day moving average is $166.82 and its two-hundred day moving average is $169.62. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market capitalization of $403.58 billion, a P/E ratio of 35.28, a P/E/G ratio of 3.46 and a beta of 1.07. Oracle Co. has a 12-month low of $112.78 and a 12-month high of $198.31.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.02). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $14.13 billion during the quarter, compared to analyst estimates of $14.40 billion. During the same quarter last year, the firm posted $1.41 earnings per share. The company’s revenue was up 6.4% on a year-over-year basis. Equities analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be issued a $0.50 dividend. This is a boost from Oracle’s previous quarterly dividend of $0.40. The ex-dividend date is Thursday, April 10th. This represents a $2.00 annualized dividend and a yield of 1.39%. Oracle’s payout ratio is 39.12%.

Wall Street Analysts Forecast Growth

ORCL has been the subject of a number of recent research reports. Bank of America lowered their target price on Oracle from $195.00 to $175.00 and set a “neutral” rating on the stock in a research note on Tuesday. UBS Group reiterated a “market perform” rating on shares of Oracle in a research report on Tuesday. StockNews.com cut shares of Oracle from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Citigroup restated an “overweight” rating on shares of Oracle in a research note on Tuesday. Finally, Mizuho boosted their price target on shares of Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Twelve analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $178.92.

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.