Oracle Co. (NYSE:ORCL) Shares Bought by Commonwealth Financial Services LLC

Commonwealth Financial Services LLC grew its stake in Oracle Co. (NYSE:ORCL) by 5.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,420 shares of the enterprise software provider’s stock after acquiring an additional 134 shares during the quarter. Commonwealth Financial Services LLC’s holdings in Oracle were worth $403,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in ORCL. Rockline Wealth Management LLC lifted its holdings in Oracle by 6.0% in the 4th quarter. Rockline Wealth Management LLC now owns 27,401 shares of the enterprise software provider’s stock valued at $4,566,000 after purchasing an additional 1,560 shares in the last quarter. Tempus Wealth Planning LLC raised its position in shares of Oracle by 1.8% in the fourth quarter. Tempus Wealth Planning LLC now owns 13,165 shares of the enterprise software provider’s stock valued at $2,194,000 after buying an additional 234 shares during the last quarter. Flavin Financial Services Inc. acquired a new position in shares of Oracle in the fourth quarter valued at approximately $2,720,000. Patron Partners LLC lifted its stake in shares of Oracle by 3.2% during the fourth quarter. Patron Partners LLC now owns 3,786 shares of the enterprise software provider’s stock valued at $631,000 after buying an additional 119 shares during the period. Finally, Columbus Macro LLC boosted its position in Oracle by 31.4% during the fourth quarter. Columbus Macro LLC now owns 2,373 shares of the enterprise software provider’s stock worth $395,000 after acquiring an additional 567 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Price Performance

Shares of NYSE:ORCL opened at $168.60 on Tuesday. Oracle Co. has a 52 week low of $106.51 and a 52 week high of $198.31. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The firm has a market capitalization of $471.57 billion, a P/E ratio of 41.22, a PEG ratio of 3.35 and a beta of 1.05. The firm’s 50 day moving average is $171.89 and its two-hundred day moving average is $163.58.

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

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were given a dividend of $0.40 per share. The ex-dividend date was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.95%. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

Insider Buying and Selling at Oracle

In related news, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $207,331,027.20. This represents a 65.26 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 42.20% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. KeyCorp increased their price target on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Citigroup increased their target price on Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Guggenheim lifted their price target on Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Jefferies Financial Group increased their price objective on shares of Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $165.00 target price on shares of Oracle in a report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $182.73.

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.